this post was submitted on 05 Aug 2024
16 points (100.0% liked)

World News

32317 readers
821 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 3 months ago

Honestly this is probably the only way to actually get those resources developed at this point.

Sinopec and Rosneft are absolute beasts in scaling O&G. Given China's specific USD reserve issues right now, it might make sense to route US assets into developing Sinopec assets abroad.