CITIC Resources

Infobox Company
company_name = CITIC Resources Holdings Limited
中信資源控股有限公司
company_
company_type = State-owned enterprise (Red chip)
genre =
foundation = 1997
founder =
location_city = flagicon|Hong Kong Hong Kong
location_country = China
location =
origins =
key_people = Chairman: Mr. Kong Dan
area_served = People's Republic of China
industry = Petroleum
products =
services =
revenue =
operating_income =
net_income =
num_employees =
parent = CITIC
divisions =
subsid =
owner =
company_slogan =
homepage = [http://www.citicresources.com/ CITIC Resources Holdings Limited]

CITIC Resources Holdings Limited (hkex|1205), a subsidiary of CITIC Group in China, is an integrated provider of natural resources (inclding petroleum, coal, metals) particularly petroleum business. [ [http://www.citicresources.com/eng/aboutus/profile.htm Corporate Profile of CITIC Resources Holdings Limited] ]

In 2007, CITIC Resources paid US$1.15 billion for oil fields in Kazakhstan and Northeast China from its parent company, CITIC Group. This accelerated CITIC Resources to transform from metal producer to oil producer. It expects to be the fourth largest oil producer in China, following Petrochina, Sinopec and CNOOC. [ [http://www.iht.com/articles/2007/05/09/business/sxcitic.php Citic Resources to buy oil fields from parent company] ]

Link

* [http://www.citicresources.com/ CITIC Resources Holdings Limited]

Reference