CNOOC chairman: no acquisition plans during global financial crisis (People's Daily)
China National Offshore Oil Corporation (CNOOC) would not make merger and acquisition during the global financial crisis, the company chairman and chief executive Fu Chengyu said here Sunday. The company, instead, chose to seek foreign partners to set up joint ventures, Fu said during the annual conference of Boao Forum for Asia in Boao, Hainan Province. “This is our future strategy. At least, …
Source:CNOOC chairman: no acquisition plans during global financial crisis (People's Daily)
