(EnergyAsia, August 21, Tuesday) — China’s oil companies are hoping to benefit from Venezuela’s crackdown on western oil majors.The Venezuelan government under President Hugo Chavez has decided to reclaim many hydrocarbon assets from majors such as BP, ExxonMobil and Total. Some western oil firm have decided to exit the country entirely.At the same time, President…
CHINA: Oil companies hope to benefit from Venezuela crack-down
Posted on August 20, 2007 by EnergyAsia