Monday, 28 January 2019

CNOOC accelerates Capex to counteract China’s economic slowdown

Blocks 04/20 and 17/03 - Pearl River Mouth Basin Blocks 04/20 and 17/03 - Pearl River Mouth Basin

China’s state-owned CNOOC is making a concerted effort to meet, and even overshoot, its target on capital expenditure. The company’s revised strategy follows President Xi Jinping's call for greater self reliance in the face of a growing economic slowdown.

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