CNPC extends spree with $2.6bn Peru deal

CNPC's deal to buy Brazilian firm Petrobras’ oil and gas exploration and production assets in Peru comes after China's leaders emerged from their third plenary session.
CNPC, China’s largest integrated energy company, is acquiring three blocks of oil and gas assets in Peru.
CNPC, China’s largest integrated energy company, is acquiring three blocks of oil and gas assets in Peru.
November 14, 2013

China National Petroleum Corp. has agreed to buy Brazilian state-controlled Petrobras’ oil and gas exploration and production assets in Peru for $2.6 billion, indicating that the go-global message to China’s state-owned enterprises has been affirmed by the country's leaders.

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