China's oil majors primed for global deal quest after crude slump
There's the international race to pick up cheap assets, so the Chinese don't want to be left out, says an analyst
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Hong Kong
IT was only a matter of time.
China's oil majors are primed to join the latest round of global energy deals triggered by the collapse in energy prices. PetroChina Co, the nation's biggest explorer and producer, said last week it's eyeing targets and in discussions about assets swaps in North America. Its rival, China Petroleum & Chemical Corp, Asia's largest refiner, signalled it's looking at overseas acquisitions.
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