THE ROCHE RECORD – CHINA BUYS US ENERGY ASSETS
THE ROCHE RECORD by Frank Roche, Economist October 20, 2010 COMMUNIST CHINA TAKING STAKE IN US ENERGY ASSETS The China National Offshore Oil Company, commonly referred to as CNOOC and controlled by the central government, has taken a 1/3 stake (pending US approval) worth $2.2 billion, in the energy assets of a US energy industry powerhouse, […]
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