Word: sinopec
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Earlier in the decade, the CCSR recommended that the University divest itself of stock held in PetroChina Company and Sinopec Corporation due to concerns about the oil companies’ ties with the Sudanese government and the ongoing Darfur humanitarian crisis in the country...
Iran's ties with China, which have steadily grown over the past decade, have accelerated rapidly in the past 18 months. In December 2007, the Chinese oil giant Sinopec Group signed a $70 billion deal to begin drilling in Iran's Yadavaran field, which has estimated reserves of about 17 billion bbl. In January of this year, China's biggest energy producer, CNPC, agreed to develop a medium-size oil field called North Azadegan - a deal worth about $2 billion. And last month, while demonstrators were fighting pitched battles with paramilitaries on Tehran's streets, Iranian oil officials flew...
...Despite periodic campaigns to stamp out corruption, bribery is widespread in Chinese industry. Just this week, a Beijing court sentenced Chen Tonghai, former chairman of the state-owned oil giant Sinopec, to death with a two-year reprieve for taking $29 million in bribes...
...them from bidding for the far larger fields down South. But those fears have diminished as the stalemate in parliament over oil has dragged on. Big Oil might also be emboldened to make deals on oil fields in the Kurdish areas since last week, when the Chinese oil giant Sinopec announced that it was acquiring the Swiss oil company Addax Petroleum, which operates in Iraqi Kurdistan. "It will be much more difficult to blacklist Sinopec," says Yousni. "This is China, a permanent member of the U.N. Security Council, not some small oil company," he says. Having dared to take...
...move that may be even more important to the long-term interests of the mainland, the China Development Bank agreed to loan Brazil's oil giant Petrobras (PBR) $10 billion for exploration projects. The South American oil company also apparently agreed to sell China-controlled oil company Sinopec (SNP) crude supplies for the balance of the year. It does not take detective work to come to the conclusion that the two arrangements were related. In late 2007, Petrobras said it had discovered new fields far off its coast that contain as much as 8 billion barrels...