Word: petrokazakhstan
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...rise, its effects in Asia, on producers and consumers alike, are everywhere to be seen. Last week Beijing continued its frantic push to secure foreign energy reserves when China National Petroleum, a state-owned oil company, trumped an Indian government-controlled firm with a winning $4.2 billion bid for PetroKazakhstan, a Canadian-owned firm with vast oil and gas reserves in the former Soviet republic. China certainly needs the go juice. Motorists lined up for hours at filling stations in the country's southern province of Guangdong two weeks ago, waiting to fill tanks with petrol that was suddenly...
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