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Shandong Xinchao Plans $420 Million U.S. Energy Asset Purchase
Bloomberg
1/31/2021
Bloomberg News
© Bloomberg
A worker walks down from an access platform as a gas flare stands beyond in the Duna oil refinery, operated by MOL Hungarian Oil & Gas Plc, in Szazhalombatta, Hungary, on Monday, Feb. 13, 2019. Oil traded near a three-month high as output curbs by OPEC tightened global supply while trade talks between the U.S. and China lifted financial markets.
(Bloomberg) Shandong Xinchao Energy Corp. plans to buy oil and gas assets from a U.S. company for as much as $420 million, according to an exchange filing from the Chinese firm. ....

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