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Monday, November 23rd, 2009

Posts Tagged ‘ Crude Oil Reserves ’

China Tightens Grip on Africa’s Energy Resources with Stake in Offshore Field

Jul 23rd, 2009 | By Jason Simpkins | Category: Featured, Oil Investment & Alternative Energy

CNOOC Ltd. (NYSE ADR: CEO) and Sinopec Corp. (NYSE ADR: SHI) have agreed to buy a 20% stake in an oil field off the shore of Angola for $1.3 billion, illustrating China’s persistent attempts to acquire resources for its economic expansion at a time of weakness for many Western oil majors.

Tags: CEO, Crude Oil Reserves, Jason Simpkins, MRO, SHI, TOT, XOM
Posted in Featured, Oil Investment & Alternative Energy | No Comments »

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