Oct 23 (Reuters) - Chinese oil firms, tasked with securing energy supplies to fuel the world’s fastest-growing major economy, are finding it tough to search for new oil reserves, especially in western countries that have been largely off-limits due to protectionist sentiment.
(For a related ANALYSIS, click [ID:nHKG271859])
Following are the Top-10 acquisitions by Chinese companies in the oil and gas sector so far in 2009. (billions of US dollars) RANK VALUE ACQUIRER TARGET
STATUS 1. 7.15 Sinopec Group (600028.SS) Addax Petroleum Corp Completed 2. 3.30 China National Petroleum Corp OAO MangistauMunaiGaz Pending 3. 1.73 PetroChina Intl Invest Co Ltd Athabasca Oil Sands (assets) Pending 4. 1.30 CNOOC, Sinopec Group Block 32 Offshore, Angola Pending 5. 0.93 China Investment Corp KazMunaiGas Expl & Prodn JSC Completed 6. 0.87 Sinochem Resources UK Ltd Emerald Energy PLC EMEN.BE Pending 7. 0.41 Petrochina (0857.HK) South Oil E&D Co Ltd Pending 8. 0.31 CNOOC Talisman Energy Inc (gas assets) TLM.TO Pending 9. 0.27 Xinjiang Guanghui Ind Co Ltd Xinjiang Guanghui New Energy Pending
(600256.SS) 10. 0.13 XinAo Gas Holdings Ltd (2688.HK) XinAo Gas Holdings Ltd Intended Source: Thomson Reuters (Reporting by Sui-Lee Wee, Compiled by Gillian Murdoch; Editing by Ian Geoghegan)