Expert: Chinese May Slow Oil Asset Buying Spree to Take Stock

摘要

A leading Asian-focused energy banker reckons Chinese state-controlled oil com- panies may take a breather from their hitherto relentless M&A activity, as top management reconsiders valuation met- rics and seeks to better integrate existing acquisitions. Commenting on competition for oil and gas assets over the past few years, Standard Chartered Bank Global Head of Oil and Gas Andrew Bartlett told the Oil Council conference in London last week that “China has obviously wiped the floor with everyone else.”