China, World: CEFC China Energy is rapidly expanding amid allegations

CEFC China Energy, whose chairman is being investigated for suspected economic crimes, is a rapidly growing oil and finance conglomerate with assets across the world and an ambition to become one of China’s energy giants. The private finance-to-energy conglomerate’s is sprawling global assets from Romania to the Czech Republic and Great Britain, in Europe, and from Chad to the United Arab Emirates, worldwide.

Li Keqiang, Chinese PM, expressed earlier that China and Romania enjoy a profound traditional friendship and bilateral relations and also enjoy a sound development momentum. Valuing bilateral practical cooperation, China is willing to, together with Romania, enhance the docking of development strategies, promote project cooperation in major areas including nuclear energy and thermal power, strengthen cooperation in the deep processing of agricultural products and facilitate balanced growth of bilateral trade.

 

Source: The Daily Mail.

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