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Dec 21, 2005

Oil - China - China, India Firms Said to Buy Oil Assets

China's biggest state oil company and an Indian firm have agreed to acquire a Canadian company's oil assets in Syria
BEIJING,China -Xinhua News Agency /AP, by JOE McDONALD -Dec 21, 2005: -- The leading oil companies of China and India have agreed to jointly acquire a Canadian firm's petroleum interests in Syria in their first collaborative venture... China National Petroleum Corp. and India's Oil and Natural Gas Corp. - both state-owned - have agreed to pay $484 million for the Syrian assets of Petro-Canada, citing unidentified CNPC employees and the Canadian firm...

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