Economy
Oil profits support China’s energy security plans… and $6 billion annually for exploration
WHAT TO KNOW
Lebanon 24: High oil prices driven by the war in the Gulf have given China’s major energy companies a boost in profits, which could help them fund plans to increase domestic production and reduce the risks of relying on external supplies. Third-quarter results showed that “PetroChina” and “Sinopec” in particular benefited from activities…
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