Asian SWFs ramp up in North American oil and gas
PRC petrochemicals major Sinopec’s $4.65 billion buy into Canadian heavy oil producer Syncrude, covered recently in AVCJ, had one extra salient feature.
Although competing bidders were not named, the stake sale by US oil company Conoco-Phillips was very hotly contested, with suitors reportedly from Korea, Japan and the Middle East, among others, in the...
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