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Keyword: sinopec

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  • Sinopec parent buys into Egypt oil-gas project (China)

    08/30/2013 4:15:18 PM PDT · by TexGrill · 1 replies
    South China Morning Post ^ | 08/31/2013 | Eric Ng
    China Petrochemical Corp, the parent company of China Petroleum & Chemical (Sinopec), has agreed to acquire a one-third stake in the Egyptian oil and gas operations of United States-based Apache for US$3.1 billion, making it its first foray into politically troubled Egypt. The investment, coupled with rival PetroChina's recent indication that it has been in advanced talks to team up with global oil and gas giant Exxon Mobil to develop the latter's oilfield in Iraq, highlights the resolve of Chinese state energy firms to enhance national energy security despite the Middle East and North Africa's heightened geopolitical risks. China Petrochemical...
  • U.S. For Sale: Obama Lets China Gobble Up U.S. Energy

    01/31/2013 4:14:43 PM PST · by raptor22 · 12 replies
    Inestor's Business Daily ^ | January 31, 2013 | IBD EDITORIALS
    Oil And Politics: Beijing plays the debt card as the Obama administration quietly lets China acquire major ownership interests in oil and natural gas resources across the U.S. at the same time it blocks the Keystone pipeline. Normally, foreign investment in the U.S. is to be welcomed. It creates jobs, boosts economic growth and promotes trade and exports. But when that investor is an ambitious and increasingly belligerent China to whom we owe over a trillion dollars, eyebrows and concerns need to be raised. Reversing a Bush administration policy, the Obama administration is encouraging Beijing to acquire equity interests in...
  • CNPC, Sinopec, Cnooc Sign Venezuela O&G Deals

    12/05/2010 8:49:32 PM PST · by Rabin · 1 replies
    Rigzone, BEIJING (Dow Jones Newswires) ^ | Friday, December 03, 2010 | Simon Hall & Wan Xu
    China's three main state-owned oil companies have strengthened their ties to Venezuela's energy sector, signing six agreements and increasing their investments to a planned $40 billion (US) dollars. The deals are the latest of a string of multi-billion dollar South American ventures signed by Chinese companies in recent months, aimed at acquiring major chunks of the continent's rich resources and at helping fuel China's economic boom.
  • Sinopec in $6.5 billion Iran refinery deal

    11/25/2009 5:46:00 AM PST · by theanchoragedailyruse · 9 replies · 384+ views
    Rueters ^ | November 25, 2009 | Reza Derakhshi
    TEHRAN (Reuters) - China's Sinopec (0386.HK) has signed a tentative deal to provide financing of $6.5 billion for oil refinery projects in Iran, two Iranian news agencies reported on Wednesday. If such an agreement goes ahead, it would provide Iran, the world's fifth-largest crude exporter, with much needed capital to help develop its all-important energy sector, which is under U.S. sanctions.
  • Chinese army nears USA's borders

    05/19/2009 10:36:00 AM PDT · by pobeda1945 · 26 replies · 1,088+ views
    pravda ^ | 19.05.2009 | Vladimir Anokhin
    Brazilian President Luiz Inacio Lula da Silva arrived in China for a visit. Strange as it may seem, there can be hardly any information found about the visit, which takes place on May 18-20. It brings up the idea that South America is working on an alliance with Asia’s largest states. It is not ruled out that China may eventually strengthen its influence near the borders of the United States and even set up Chinese army bases in the region. Brazil, the largest country of Latin America, suffered political and economic cataclysms during the 1990s just like the USSR. The...
  • Britain keeps distance from talk of strike on Iran

    08/14/2005 12:01:48 AM PDT · by F14 Pilot · 19 replies · 993+ views
    The Sunday Times ^ | August 14, 2005 | Andrew Porter and Tom Walker
    THE foreign secretary Jack Straw sought to distance Britain yesterday from comments by President George W Bush that he would not rule out a military strike against Iran. It came as diplomats gave warning that British attempts to solve the crisis prompted by Tehran’s resumption of its nuclear programme last week were doomed to failure. Bush raised the temperature by giving an interview to Israeli television from his ranch in Crawford, Texas. Asked if he would consider force, he replied: “All options are on the table.” He added: “The use of force is the last option for any president and...
  • CNOOC to start gas field despite dispute

    03/30/2005 9:04:58 AM PST · by Bald Eagle777 · 11 replies · 550+ views
    Daily Times ^ | March 30, 2005 | Reuters
    China’s top offshore oil and gas producer, CNOOC Ltd., will begin operations this year at a gas field in the East China Sea despite a territorial dispute with Japan. ..CNOOC Chairman Fu Chengyu told reporters on Tuesday he expected the Chunxiao field, located south of Japan, to begin operations in August and September... ....On Monday Japanese media reported Japan had demanded that China halt construction at the Chunxiao natural gas field. Hydrocarbon deposits were found in the early 1970s... In 2004 China’s construction of the Chunxiao natural gas production plant 5 kilometres (3 miles) from the disputed area aggravated tensions...
  • The Asian giants compete for energy

    03/04/2005 10:08:03 AM PST · by Bald Eagle777 · 7 replies · 529+ views
    Financial Times ( ^ | March 3, 2005 | Victor Mallet
    China National Offshore Oil Corporation is considering a nearly $14bn (£7bn, €10.6bn) takeover of Unocal of the US. Sinopec, another Chinese state-controlled oil group, has struck a $70bn deal to buy Iranian crude oil and liquefied natural gas over three decades. China has sent $6bn to Rosneft, the Russian company that bought the main production unit of the embattled Yukos oil group, as advance payment for oil supplies. India has just reached a $40bn agreement to import LNG from Iran and develop Iranian oilfields, and is promoting pipeline projects to bring oil and gas across neighbouring countries to supply its...