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Yanchang Petro To buy Canadian star petroleum refining public company limited prospectus Vitality Company –China Economic Internet

Hong Kong-listed Yanchang Petroleum International Ltd is planning to spend C$230 million ($219.37 million) on acquiring Canadian Novus Energy Inc star petroleum refining public company limited prospectus to deepen its global presence.

The principle oil and gasoline assets of Novus are located in Saskatchewan and Alberta. The oil and gasoline output of the corporate for the primary half of star petroleum refining public company limited prospectus the year totaled three,057 million barrels.

Investing in petroleum, pure fuel and other energy sectors, Yanchang Petro is China’s fourth-largest oil exploration enterprise. At present, the corporate owns two oil belongings in Madagascar, Africa. For the first half of the year, Yanchang Petro earned income of HK$13.2 million, in contrast with a loss of HK$54.12 million ($6.98 million) for a similar interval last 12 months.