The latest development in the high-stakes rivalry between energy hungry India and China saw India once again trumped by its Himalayan neighbour.
The acquistion of PetroKazakhstan Inc, by a unit of China National Petroleum Corp (CNPC) is being feted in the mainland as a major victory at a time the country is still smarting from the failed attempt by the China National Offshore Oil Corp Ltd (CNOOC) to bid for Unocal Corp.
Chinese victory parade for PetroKazakh win – Pallavi Aiyar
Posted by Xiao Qiang | Aug 24, 2005
Categories : China & the World
