PetroChina domestic IPO gets approval

Article Abstract:

PetroChina Co. has obtained approval from the china Securities Regulatory Commission for an initial public offering on the domestic market that may raise over $7 bil. PetroChina, the nation's biggest listed gas and oil producer by capacity is allowed to sell up to four bil Class A shares, 2.18% of the firm's enlarged capital, with a total value of $7.36 bil.

China. Securities Regulatory Commission

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PetroChina clears IPO hurdle and shares rise

Article Abstract:

Hong Kong shares of PetroChina Company Ltd. increased 13% as the petroleum firm announced that it has met requirements for its initial public offering in Shanghai. Shares rose to $2.42. PetroChina is expected to list in November 2007.

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Roc Oil to drill in Angola: onshore exploration would be the first after years of unrest

Article Abstract:

Australia's Roc Oil Co. plans to begin onshore petroleum exploration in Angola in the next few months, following a period of peace in that country. Angola is the second-largest sub-Saharan oil producer.

Angola, Australia, Political aspects, Discovery and exploration, Natural resources, Roc Oil Company Ltd.

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