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CNOOC Update – appears Chinese oil firms is going after 5 smaller independent refineries hit hard by cost of oil vs. state controlled price gas/diesel. <Note CNOOC is also doing grassroots refinery & coker at Huizhou City – online by 2010>
CNOOC identifies refinery takeover targets-paper
Reuters via Yahoo! Singapore News – Mar 29 9:49 PM
BEIJING, March 30 – Chinese state oil firm CNOOC is zeroing in on five refineries in eastern China for possible acquisitions as the offshore oil and gas specialist pushes ahead on downstream expansion plans, a Chinese paper reported. http://sg.news.yahoo.com/rtrs/20080330/tbs-cnooc-refining-7318940.html
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