China taps into Argentina's oil prospects

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Uploaded by on Feb 1, 2011

China's largest oil producer had looked overseas 14 years ago for places to invest, it then settled on the then-untapped riches of Sudan. Mubadala Oil and Gas and the Yemen Company for Investments in Oil and Mineral have signed an agreement to co-operate on oil and gas exploration and production in Yemen. Oil and gas explorations working Libya have made three new discoveries recently. One field contains oil and the other two fields contain both oil and gas.

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