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Listen: Chinese oil, gas companies take unusual step of cutting capex

Platts' Song Yen Ling, senior writer for China, discusses Chinese state-owned oil and gas companies' recently-announced investment plans, having taken the unusual step of cutting their capital expenditure; the norm being to have capex grow year on year in order to boost growth. The main reason for this decision is a change in focus to getting more valuable assets and prioritizing efficiency and cost control.


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