GREY:SKNAF - Post by User
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SIROUSLY777on Jul 22, 2014 11:15am
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China Buys Oil Field For $1.7 billion
China Buys Oil Field For $1.7 billion ======================
China Buys Oil Field For $1.7 billion
China oil firm acquires 40 percent stake in large Texas oil and gas field.
China’s state owned petrochemical giant Sinochem (SHA: 600500) acquired a 40 percent in Wolfcamp, a well-known oil and gas field in the Permian Basin of Texas.
Pioneer Natural Resources (PXD) of Irving, Texas said this week that it sold a 40 percent stake in its Wolfcamp field for a total price of $1.7 billion. Sinochem’s U.S. subsidiary signed the deal .=================