Despite a quiet start, China's three national oil companies (NOCs) consolidated their place last year among the industry's most aggressive buyers of upstream oil and gas assets, agreeing acquisitions worth more than $30.7 billion. That sum, second only to 2010's record $31.6 billion, confirms that China's appetite for mergers and acquisitions remains hearty, despite the dozens of new assets its NOCs are still digesting.
展开▼