India, China win joint bid to buy stake in Syrian oil fields
By Agence France Presse (AFP)
Thursday, December 22, 2005
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India and China, often fierce rivals in the race for global energy resources, have won a joint bid to buy Petro-Canada's 37 percent stake in Syrian oil fields for $573 million, a top Indian official said Wednesday. The acquisition marked the first time the two Asian giants have bid together for overseas reserves to feed their oil-hungry economies and opened the way for further collaboration. This Article is only available in The Daily Star on-line archive. Containing over 100,000 articles, The Daily Star archive is an excellent information source and research tool for all events in Lebanon and the region since 1997.
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