Daily Archives: June 2, 2014

Asia’s National Oil And Gas Companies Use Their Financial Heft To Support Increasing Investments

Asia’s National Oil And Gas Companies Use Their Financial Heft To Support Increasing Investments

The energy policies of many Asian countries center on meeting the needs of their fast-growing economies while diversifying resources. As a result, Asian energy companies have been boosting capital investment dramatically and making increasing numbers of acquisitions of all sizes. For example, China National Petroleum Corp. acquired a stake in the Kashagan oil field in Kazakhstan for US$5 billion late last year, and China National Offshore Oil Corp. acquired U.S.-based Nexen Inc. for US$19 billion in 2012. In addition, in pursuit of resources, energy companies have become more willing to invest in countries with a higher perceived risk of doing business. Indeed, these days good investment opportunities are much harder to find than funding.