Speculation swirls CEFC China, the energy giant that came from nowhere

Just six months ago, CEFC called itself China's largest private oil and gas company,now, it's being hit by a slew of bad news

CEFC China Energy Co’s rapid ascent was shrouded in mystery and the turmoil that’s engulfed the company over the past week is no different.
 

Just six months ago, CEFC called itself China’s largest private oil and gas company, with 50,000 employees and revenue of more than $40 billion. That’s when it agreed to buy a $9 billion stake in Russian state energy giant Rosneft following a series of deals elsewhere — a spree that spawned speculation over how the previously obscure firm managed to make its mark on the international stage so quickly.

Now, it’s being hit by a slew