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Global Oil Markets Podcasts

Chinese oil, gas companies take unusual step of cutting capex


Platts' Song Yen Ling, senior writer for China, discusses Chinese state-owned oil and gas companies' recently-announced investment plans, having taken the unusual step of cutting their capital expenditure; the norm being to have capex grow year on year in order to boost growth. The main reason for this decision is a change in focus to getting more valuable assets and prioritizing efficiency and cost control.


This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.


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