"This is not true," Li Fanrong told an audience at a luncheon during the the IHS CeraWeek energy conference in Houston. "This notion does not make any commercial sense."
The Chinese major's goal is to contribute to the global supply picture and be a responsible operator, the CEO said.
Rather, the landmark takeover will be "transformational" for the company, "another milestone for our international developments, a crucial step to further expand our platform," Li said.
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