| Abstract: | China National Petroleum Corporation (PetroChina) is spending $200m for its first ever pair of very large crude carriers, a deal that has been brewing for a couple of years and marks the energy major's start of a fleet build up. International tanker owners have been bracing for this moment since 2008 when PetroChina, the People's Republic's largest oil producer, first mooted the idea of developing its own supertanker fleet. The financial crisis put plans on hold until now. The conglomerate has chosen Bohai ... |
