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CNOOC, Kerogen To Raise $1.5B PE Fund
CNOOC is planning to raise a $1.5 billion private equity fund.
CNOOCis planning to raise a $1.5 billion private equity fund,AltAssetsreports. The Chinese oil company is forming a partnership with Hong Kong-basedKerogen Capitalfor the same.
The fund will mainly focus on energy investments in China, Asia-Pacific, the Middle East and Africa. CNOOC will also joinKuwait Investment Authorityas lead financier of the vehicle.
Click here for the story fromAltAssets。