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CNOOC's Chengyu: China doesn't aim to overturn 'world order'.(Fu Chengyu)
Publication: Oil and Gas Investor Publication Date: 01-MAR-06 Author: Darbonne, Nissa
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COPYRIGHT 2006 Hart Publications, Inc.
China's goal is not "to overturn the world order ... but to participate in this order ... and profit from it," Fu Chengyu, chairman and chief executive of Hong Kong-based CNOOC Ltd. told attendees at the annual Cambridge Energy Research Associates conference in Houston last month.
The company was rebuked last year in its bid against Chevron Corp. for fellow U.S.-based producer Unocal Inc., while E&P professionals and Congressmen balked at the possibility of a China-based company owning a large amount of U.S. oil and gas reserves.
Chengyu said at the CERA conference that...
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