Sunday, March 14, 2010

China oil firm takes $3.1B stake in SAmerican firm

Leading offshore producer China National Offshore Oil Corp. said Sunday it has agreed to pay $3.1 billion to form a joint-venture with a major Argentine energy firm, helping to expand China's access to natural resources in South America.

While China asks for assurances, it continues to act in a manner that does not require them. Follow the money.

Source: finance.yahoo.com

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