On November 29, Zhou Shouwei, Vice President of the China
National Offshore Oil Corporation (CNOOC), said that the CNOOC has
always actively sought opportunities for overseas acquisitions. Now
the company has appropriated US$4.8 billion to 4.9 billion for
these kinds of activities but he refused to reveal any details.
Meanwhile, Yang Hua, chief finance officer of the CNOOC,
revealed that three regions -- Africa, the Asia-Pacific area and
the Caspian Sea -- are at the top of the CNOOC's list of
investments because resources and taxation policies, among many
other things, are very favorable in these
areas.???
Fore more details, please read the full story in Chinese. (http://www.bbtnews.com.cn/news/channel/political33509.shtml)
(China.org.cn November 30, 2007)
