Deals
China's Big Oil Primed for Global Deal Race on Crude Slump
- China's energy companies poised to return to M&A after hiatus
- PetroChina, Sinopec say they're seeking overseas assets
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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 this week it’s eyeing targets and in discussions about assets swaps in North America. Its rival, China Petroleum & Chemical Corp., Asia’s largest refiner, signaled it’s looking at overseas acquisitions.