PetroChina plans to invest US$15.7Billion in global investments

 

PetroChina plans to invest US$15.7Billion in global investments

China's largest oil company; PetroChina, recently stated that it is seeking acquisitions in Central Asia, Australia, Canada, and East Africa to fuel its global growth. PetroChina’s President Zhou Jiping revealed that PetroChina has reserved RMB 100 billion (US$15.74 billion) for overseas investments in oil and gas assets.

PetroChina’s need acquire global assets is not only motivated by commercial growth but also by China’s need to secure new sources of energy.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China? 

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