Cnooc lifts capex plans by 55%, plans more M&A
The top Chinese energy firm expects its 2011 capital expenditure to reach US$8.77 billion, an increase of 55% from last year, and it will spend some of this on acquisitions. Its management was very happy with the market response to its bond issue late last week.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts