China's Oil Giant CNPC Looking for Acquisition Targets Overseas

China National Petroleum Corporation

could seek to expand its current investments in LNG in Qatar, one of the world’s biggest LNG exporters, Lu Ruquan, director of the Chinese firm’s Economics and Technology Research Institute ETRI who is involved in strategy discussions, told Reuters on Tuesday. and PetroChina now plan to extract more oil from aging fields and face complex geopolitical realities with sanctions on Russia, Iran, and Venezuela. According to Lu,

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