China's oil companies pay price for herd mentality in overseas push

Spurred by past government calls to invest overseas, Chinese oil companies at times overpaid for assets that have underperformed or face geopolitical risks, and are now being sold en masse at knockdown prices

Chinese companies' grand overseas oil push is unravelling under the weight of poor planning, geopolitical headwinds, and a herd mentality.
Chinese companies' grand overseas oil push is unravelling under the weight of poor planning, geopolitical headwinds, and a herd mentality.Cartoon: UPSTREAM/RYTIS DAUKANTAS
Published 24 March 2025, 03:24Updated 24 March 2025, 03:24
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