Crisis with opportunities
October 23rd, 2008
Some of the overseas companies badly hurt by the financial crisis may be bought by PetroChina, Asia’s biggest oil and gas producer for which to increase its capacity and meet rising domestic demand.
According to Jiang Jiemin, the company’s chairman at a shareholders meeting yesterday, the feasibility of acquiring some overseas resources companies badly influenced by the global crisis is still being discussed.
“Now the low share prices of some global resources companies provide Read more…
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