BEIJING (AFX-ASIA) – Sinochem Corp, one of China’s largest domestic oil trading companies, said in a statement that it has purchased a 14% stake in an Ecuadorian oilfield. Separately, the China Daily reported Sinochem paid US$100 million for the stake. The stake purchase, in Block 16 of the oilfield and controlled by US oil firm…

This article is for Subscriber members only.
Log In Register