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Korea M&A Corporation
CITIC unit buys Indonesian oil stake
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..
News/M&A
2006. 7. 14. 17:08