OIL

China's Latin American wager

THE latest auction results from Brazil's pre-salt oil and gas blocks reveals a significant departure for China's state-owned oilies. <b> By Gomati Jagadeesan</b>

China's Latin American wager

For one it highlights the Chinese majors' desire to spread their bet in the continent. More importantly, though, it shows their willingness to take on more investment risks. A consortium comprising Royal...

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