Word: sinopec
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...investments in PetroChina and Sinopec are held indirectly through a mutual fund managed by the British bank Barclays. Through that arrangement, Harvard owns an estimated $6.6 million in stock in the oil companies...
...additional 4.2 percent of the iShares fund’s holdings are invested in Sinopec—putting Harvard’s holdings in Sinopec at an estimated $2.2 million...
...March of last year, Harvard extended the scope of its divestiture to Sinopec, whose full name is China Petroleum & Chemical Corp. "The particular combination of circumstances bearing on Sinopec Corporation’s involvement in oil production activities in Sudan warrants the unusual step of divestment," Harvard announced at the time...
...Crimson discovered Harvard’s remaining ties to PetroChina and Sinopec yesterday by examining the University’s filings with federal regulators as well as information made publicly available by Barclays...
PetroChina’s parent company, the China National Petroleum Corporation, and Sinopec are both members of a consortium known as Petrodar that is aiding the Sudanese government in the development of the east African country’s oil industry. The companies’ combined investment in the Sudanese oil industry totals to well over $1 billion, and profits from the industry are a major source of revenue for the Sudanese government...