Chevron China sales hit snag: reports
China Though several Chinese firms have expressed interest, including AAG Energy, Brightoil Petroleum and Meidu Energy, none have offered anything close to the USD 1 billion Chevron had expected for the stakes, Bloomberg reported.
The fields in question, QHD32-6, Bozhong 25-1 and Bozhong 19-4, are operated by China’s CNOOC, while Chevron holds a working interest of 24.5% in the former, and 16.2% in each of the latter two.
In other news from China, three Sinopec executives are being sought with Interpol red notices in relation to a fraud investigation in Indonesia, Reuters reported on Tuesday.
The notices issued were linked to a USD 800-million oil terminal development the Chinese firm undertook in 2012.
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