Read the last bit CITIC Resources (1205) expand overseas...

Read the last bit


CITIC Resources (1205) expand overseas petroleum business. The company announced that under a wholly owned subsidiary of �r Seram spend 97.4 million U.S. dollars (about 7.6 billion) to acquire Indonesia Kufpec Seram Is-land Non-Bula divided into blocks of 51% interest to ensure that the exploration and production of oil blocks to 2019, 1998. CITIC Resources vice chairman Sau mysterious into yesterday said that prices will be available internal resources and bank credit to pay standby expected to be completed in early September acquisitions, Hebei recorded for the fourth quarter to begin, and expected contribution to profit after three years may bring. Sau mysterious into that, the blocks earlier this year formally commissioned, the total reserves of about 39 million barrels, and the first six months the average daily production of about 4,300 barrels of oil production is rising, asked the company five years after oil production can be 'double', he said, the forecast is' a little conservative '.