13-01-2017 03:43 via uk.news.yahoo.com

China’s CEFC has big ambitions, but little known about ownership, funding

By Chen Aizhu and Jan Lopatka BEIJING/PRAGUE (Reuters) - Inside four years, CEFC China Energy has emerged from relative obscurity as a niche fuel trader to become a rapidly growing oil and finance conglomerate with assets across the world and an ambition to become one of China's energy giants. It has a rare contract to store part of the nation's strategic oil reserve, gained financing from the state-owned China Development Bank (CDB) and has hired a number of former top officials from state-owne
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