![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Preserving - China - Pay $4.2 billion for PetroKazakhstan, a Canadian company
New York,NY,YSA -New York Times, by MICKEY MEECE -Aug 27, 2005: -- Still smarting from Unocal, China sought to satisfy part of its energy needs through a deal with a Canadian company... On Monday, China National Petroleum, the country's biggest state-owned oil company, agreed to pay $4.2 billion for PetroKazakhstan, a Canadian company, who has a complicated history... It is based in Calgary, Alberta, but managed from London with substantial reserves in Kazakhstan. Its shares are traded in New York. Six years ago, the company, then called Hurricane Hydrocarbons, was in bankruptcy protection. Now it stands to benefit from a deal that offers a rich premium...
posted by Unknown @ 11:26 AM
0 Comments:
Post a Comment
<< Home