Chinese Buy Texas Oil Fields

Foreign companies are seizing the opportunity to invest in U.S. oil and gas assets. As the U.S. becomes less dependent on fossil fuels, other countries are jumping in to the markets. A major development in the takeover happened in late October when the Chinese investment holding company Yantai Xinchao Industry Co. Ltd. filed documents stating it will pay $1.3 billion to buy oil fields in Texas. Th...

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Oilman Jan-Feb 2018

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