Sinochem Group, China's fourth-largest oil company, said it has got permission to participate in Iraq's second auction of oil and gas fields in November.
Chinese oil trader Sinochem is building its first wholly-owned major refinery in south China, and is eyeing strategic partnerships with Kuwait's state oil firm and French major Total, industry officials told Reuters.
Sinochem Corp, the country's leading chemicals trader, was in preliminary talks with Nufarm for a possible takeover, marking the second attempt by a Chinese company to buy Australia's biggest farm chemicals supplier in two years.