Sinopec buys Australian oilfields for $556 million http://www.reuters.com/article/innovationNews/idUSSYD16471520080307?sp=true
Fri Mar 7, 2008
By Fayen Wong
SYDNEY (Reuters) - Chinese state-controlled Sinopec Group has agreed to buy a majority stake in assets of troubled oil producer AED Oil Ltd (AED.AX: Quote, Profile, Research) for A$600 million ($556 million), marking China's first oil acquisition in resource-rich Australia. http://www.reuters.com/article/innovationNews/idUSSYD16471520080307?sp=true