Word: petrochina
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Dates: during 2004-2004
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...endorsed an effort spearheaded by two Harvard juniors to force the University into selling its estimated $3.8 million stake in PetroChina, a Beijing-based oil firm with extensive links to Khartoum...
...When PetroChina first listed itself on the New York Stock Exchange in 2000, the company promised investors that none of the capital raised from the initial public offering would end up in the coffers of the Sudanese regime. The company asserted that a “firewall” separated its assets from those of its parent company—and that the Sudanese holdings would remain in CNPC’s hands...
...PetroChina is now preparing to acquire full control over CNPC’s massive joint venture with the Sudanese government, according to the Financial Times...
...London-based newspaper reported last month that PetroChina had hired Citigroup to manage the restructuring deal...
Since humanitarian conditions in Darfur deterioriated earlier this year, Manav Bhatnagar ’06 began following the situation closely, along with his Eliot House roommate Ben Collins ’06. After learning of Harvard’s involvement in PetroChina last week, Collins said he and Bhatnagar purchased a web domain for $10 and drafted a petition “demand[ing] that the University actively oppose and resist the ongoing genocide in Sudan...