Oil and Gas - Mergers and Acquisition Review

Sinopec reports 2010 annual results; Natural Gas Production up 47.6% over 2009; Plan to invest RMB 54,100 million (US$ 8,300 million) for exploration and development of mature oil fields in eastern China, Tahe, Angola Block 18, and gas fields in Yuanba.

Sinopec produced 441.4 bcf of gas in 2010, up 47.6% over the 2009 gas production of 299 bcf. This is due to the start of commercial product...