Industry Natural resources Founded 1997 | Parent organization CITIC Group | |
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Key people Chairman: Mr. Mi Zengxin Website CITIC Resources Holdings Limited Stock price 1205 (HKG) HK$ 1.10 -0.02 (-1.79%)3 Mar, 4:09 PM GMT+8 - Disclaimer Subsidiaries Argymak Transservice Llp | ||
CITIC Resources Holdings Limited (SEHK: 1205), a subsidiary of CITIC Group in China, is an integrated provider of natural resources (including petroleum, coal, metals) particularly petroleum business.
In 2007, CITIC Resources paid US$1.15 billion for oil fields in Kazakhstan and Northeast China from its parent company, CITIC Group. This accelerated CITIC Resources to transform from metal producer to oil producer. It expects to be the fourth largest oil producer in China, following Petrochina, Sinopec and CNOOC.
References
CITIC Resources Wikipedia(Text) CC BY-SA