Chinese NOCs Continue Merger & Acquisition TrendsFull speed ahead |
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This article by Deloitte specialists discusses how China has invested heavily in the outbound oil and gas business since early 1990 with state-owned companies participating in more than 70 exploration and production (E&P) projects in more than 30 countries. For those Chinese national oil companies (NOCs) that have cash, today’s economic environment and the slump in oil prices have provided good buying opportunities to expand their overseas resource acquisitions and acquire assets at favorable valuations.
To learn more, please refer to the PDF of the report in the attachment section below.
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Full speed ahead: Chinese NOC continues M&A trends
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