HONG KONG Aug 15 Brightoil Petroleum Holdings
Ltd is seeking to make another major upstream
acquisition over the next 12 months and could issue new shares
to finance the deal, Chief Executive Bruce Yung told Reuters on
He was speaking a week after Brightoil completed the $1.05
billion purchase of U.S. producer Anadarko Petroleum Corp's
oilfield stakes in China.
Brightoil, which is involved in oil trading and also owns
tankers and oil storage projects in mainland China, is already
in talks with potential targets with oil and gas producing
assets in China, Yung said.
(Reporting by Charlie Zhu; Editing by Miral Fahmy)