A general photo of oil fields in Alberta, Canada. Yanchang Petroleum International plans to raise the output of its existing fields in Canada to 10,000 barrels per day as part of a five-year plan. Photo: Handout

Chinese oil firm hunts for overseas assets even as deal making falls to 10-year low amid stricter scrutiny

  • Chinese firms reach 14 deals so far this year, the lowest in the last 10 years
  • In terms of value, the US$2.36 billion concluded so far is the smallest in the last 11 years
Topic |   Energy

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A general photo of oil fields in Alberta, Canada. Yanchang Petroleum International plans to raise the output of its existing fields in Canada to 10,000 barrels per day as part of a five-year plan. Photo: Handout
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Eric Ng

Eric Ng

Eric joined the SCMP in 1998 after brief stints in a trading company and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.