Cristina Fernández de Kirchner electricity, gas and water supply. These remained fixed during the terms of Duhalde and Néstor and Cristina Kirchner, despite the crisis that motivated them having ended. As the inflation rate grew during the period, the state financed part of these prices with subsidies. Investment in these areas decreased, and the generation and distribution networks suffered. Argentina lost its self-supply of energy, and had to import it, rather than being able to export surpluses. Kirchner proposed a fiscal austerity program in early 2012, including the gradual removal of subsidies. The proposal turned out to be unpopular, and was not implemented. She
China National Offshore Oil Corporation China National Offshore Oil Corporation China National Offshore Oil Corporation, or CNOOC Group (Chinese: 中国海洋石油总公司 Pinyin: "Zhōngguó Háiyáng Shíyóu Zǒnggōngsī"), is a major national oil company in China. It is the third-largest national oil company in the People's Republic of China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec). The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas in offshore China. The company is owned by the government of the People's Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) assumes shareholder