CNPC to tap oilfield in Uzbekistan

China’s largest oil company, China National Petroleum Corporation (CNPC), will jointly develop an oilfield in Uzbekistan with that country’s state oil company. The field has oil reserves of more than 30 million tons, and is expected to have an annual capacity of 2 million tons, CNPC said. The Chinese company said the agreement will help [...]

October 22nd, 2008 | Posted in Energy & Environment | No Comments

Blackstone seals first China purchase

US private equity firm Blackstone has completed its first purchase of a stake in a Chinese company, paying as much as US$600 million for a 20% stake in specialty chemicals maker China National BlueStar Group Corp, citing people familiar with the deal. Blackstone agreed in 2007 to buy the BlueStar stake from state-owned China National [...]

October 6th, 2008 | Posted in Investment | No Comments