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PetroChina (PTR -0.5%) says it has earmarked 100B yuan ($15.7B) for investments overseas in oil...

PetroChina (PTR -0.5%) says it has earmarked 100B yuan ($15.7B) for investments overseas in oil and gas assets this year and will accelerate its acquisition strategies through cooperation with partners overseas and buy assets directly. PTR plans to boost its overseas oil and gas output to 50% of its total output in five to eight years from 9% now. (earnings)
Comments (2)
  • Yuan or US Dollars.....hmmm...but they will be buying...Commodities..... and silver too...until they know they have us over a barrel...
    23 Aug 2012, 12:01 PM Reply Like
  • PTR...investing in the future.
    USA - Oil/Energy wise choice.
    Plus Agriculture/Farm Land & Commodies also bright future.
    23 Aug 2012, 12:31 PM Reply Like
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