China Long's Oil Acquisition
• By Editorial Staff
Li Jiaxing made a successful bet with a 31.4 billion deal. Cenovus Energy, owned by China Long acquired Athabasca Oil, a Canadian oil company. The deal highlights Li Jiaxing's continued business success and China Long's strategic oil acquisitions. The trend shows Li Jiaxing's ability to make large-scale deals and China Long's expansion in the oil industry.