Welcome to SteelGuru

Stay tuned to global steel industry with www.steelguru.com

Member Login

Lost your password?

Not a member yet? Sign Up!

 
 
Unit Converters:
 
 
Search on
News Title
News Details
Reports/Directory
Glossary
 
AskBibsonomyBlinklistConnoteaDeliciousDiggDiigoFacebookFavesGoogleMisterwongMixxMyspaceNewsvinePropellerRedditSimpySlashdotSpurlStumbleuponTwitterYahoo
Title_head
Macroeconomics indicators - PetroChina eying overseas assets
Sunday, 26 Oct 2008
EmailButton
Pdf_button

It is reported that PetroChina, in a move to increase its capacity and meet rising domestic demand, may buy some overseas companies badly hurt by the financial crisis.

Mr Jiang Jiemin chairman said that the company is studying the feasibility of acquiring some overseas resources companies badly affected by the global crisis.

He said that "The present low share prices of some global resources companies offer good opportunities for us. But every decision should be made cautiously the impact of the world financial turmoil on PetroChina was limited and under control.”

He added that, the company currently has no financial problems, but will readjust its investment schedule by giving priority to some key projects.

Analysts said that the current drop in oil prices and the ongoing banking crisis offer good opportunities for Chinese energy companies to access deals they may not have otherwise been able to t

In order to meet rising domestic demand, China's oil companies have increased their overseas expansion.

AskBibsonomyBlinklistConnoteaDeliciousDiggDiigoFacebookFavesGoogleMisterwongMixxMyspaceNewsvinePropellerRedditSimpySlashdotSpurlStumbleuponTwitterYahoo
To use the above contents click on "Get Code"
AdvtSg
 
YiehbannerCoalworldIRSTEEL180x60-2NNanim_featured_blkSxcoal
Copyright © 2004 - SteelGuru and respective copyright holders. All rights reserved. Site optimized for Internet Explorer 7.0 and above.
Disclaimer | Copyright Policy | Privacy Policy | About us | Feedback | Contact us | FAQ | Site Map