HONG KONG – State-owned CNOOC, which made China’s biggest-ever overseas energy acquisition last year, said Friday that annual profit fell 9.3 per cent because of higher costs for exploration and for operating in Canada’s oil sands.
Foreign operating expenses, in particular, jumped by a quarter because a higher proportion of production came from the . . . → Read More: BigCityLib Strikes Back: Oppose Keystone XL and You Can Screw Both Alberta And Communist China