China’s Oil Giant CNPC Looking for Acquisition Targets Overseas ...Middle East

China National Petroleum Corporation (CNPC) and its listed company PetroChina are looking to buy oil and gas exploration and production assets and LNG opportunities globally in what could be a revival of deal-making for the Chinese state giant after two decades. CNPC could seek to expand its current investments in LNG in Qatar, one of the world’s biggest LNG exporters, Lu Ruquan, director of the Chinese firm’s Economics and Technology Research Institute (ETRI) who is involved in strategy discussions, told Reuters on Tuesday. CNPC already…

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