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Monthly Archives: February 2017

Chinese firm in preliminary deal to buy Chevron’s Bangladesh gas fields

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BEIJING/DHAKA: China’s state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the US oil major’s natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said. Zhenhua is a subsidiary of China’s defense industry conglomerate NORINCO. A completed deal would mark China’s first major energy investment in the South Asian country. ... Read More »

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