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Korea M&A Corporation
Report: China Group Buys Oil Stake Sunday December 31, 2:00 pm ET By Scott Mcdonald, Associated Press Writer Report: China's CITIC Group Buys Canadian Company's Stake in Kazakhstan Oil Field BEIJING (AP) -- China, which is aggressively seeking overseas energy assets to fuel its booming economy, said Sunday that one of its biggest conglomerates has bought the Kazakhstan oil assets of a Canadian c..
CITIC Resources Holdings Ltd, a unit of state investment arm China International Trust & Investment Corp, has bought 51 percent of an Indonesian oil field for US$97 million. The energy and base metals producer purchased a stake in the Seram Non-Bula block from KUFPEC, a subsidiary of Kuwait Petroleum Corp, gaining access to an oilfield with 39 million barrels of gross oil reserves, Bloomberg New..