11 May 2024
CNPC revises 2011-2015 overseas investments downward
Publication date: 23 November 2010
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China National Petroleum Corporation (CNPC) has reduced its visual_editor011-visual_editor015 overseas oil and gas investment plan to focus on returns rather than output, but did not outline specific percentage cuts. The state-owned company closed nine oil and gas deals in the last twelve months, but plans to take a slower pace regarding future expansion.