PetroChina Co. | Egypt Oil & Gas

China’s Oil Giants Take Spending Cuts Deeper

PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides Saudi Arabia, will reduce combined capital expenditure by about 8% this year.

Post-Scandal Petrobras to Receive Chinese Help

Petroleo Brasileiro SA, the world’s most indebted oil producer, is bolstering ties to China as a corruption scandal has shut the company out of international bond markets.

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