BEIJING (AFX-ASIA) – CNOOC Ltd (HK 0883; NYSE CEO) is considering buying downstream assets from its parent China National Offshore Oil Corp (CNOOC) as its current asset structure is centered on upstream operations, which are highly sensitive to fluctuations in oil prices, the Guangzhou-based New Express reported. The newspaper quoted CNOOC Ltd chairman and chief…
CHINA: HK-listed CNOOC considering buying downstream assets from parent
Posted on November 13, 2003 by EnergyAsia