PetroChina, China's largest listed oil and gas producer, says it would “welcome” closer co- operation with BP as the embattled UK group struggles to cover liabilities arising from the Gulf of Mexico oil spill disaster.
Chinese energy companies have spent billions of dollars on overseas acquisitions this year, with headline deals including CNOOC's $3bn investment in Bridas and Sinopec's $4.65bn investment for a stake in a Canadian oil sands project.
PetroChina is set to invest $60bn in expansion in the next decade.
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