CNPC gets $30b to fund acquisitions
By Wan Zhihong | China Daily | Updated: 2009-09-10 08:45
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State-owned companies have made seven acquisitions of overseas oil and gas assets worth $12 billion this year. Peng Wusheng |
China National Petroleum Corp (CNPC), the country's largest oil and gas producer, said yesterday it had received a $30 billion loan to finance its overseas expansion as the company accelerated oil assets acquisitions this year.
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