China heads to South America in global energy 'scramble'

China heads to South America in global energy 'scramble'
Shanghai (AFP) Oct 22, 2013 - China's global hunt for crucial energy supplies is taking it into America's backyard, with two Chinese state firms winning production rights to a multi-billion-barrel deepwater oilfield off Brazil. China National Petroleum Corp. (CNPC) and China National Offshore Oil Corp.(CNOOC) each took a 10 percent stake in Brazil's "Libra" field, alongside three other companies, at an auction on Monday. ... morehttp://www.oilgasdaily.com/reports/China_heads_to_South_America_in_global_energy_scramble_999.html