Word: sinopec
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...most vocal advocates of divestment seem unwilling to leave the spotlight. Manav K. Bhatnagar ’06, co-organizer of the website harvarddivest.org, called Monday’s decision an “incomplete action” until the University sells its very small stake in Sinopec, another Chinese company with ties to Sudan. Matthew W. Mahan ’05, an executive board member of the group Senior Gift Plus, also called on HMC to disclose all of its Sudan-related holdings...
Neither of these actions, if taken, would further the interests of the University nor strengthen its principled position. Sinopec lacks PetroChina’s clear and prominent relationship with the Sudanese government. Sinopec’s primary involvement with Sudan is in the construction of a pipeline from northern to southern Sudan, which will eventually produce revenues to be split between the Khartoum regime and the fledgling government of south Sudan, which recently ceased a two decades-long war against the north. Where PetroChina dealt solely with the Khartoum government, Sinopec’s revenue-sharing agreement was built into...
...that Sinopec fits into all this, I think will be very, very difficult to uncover,” Reeves said...
...initial public offering (IPO) of Sinopec stock on global exchanges in October 2000, the company weathered criticism from human rights activists over its small stake in a Sudanese oil exploration block. Sinopec sold the Sudanese holding to CNPC before the IPO, company officials said at the time...
...Reuters reported in October 2004 that Sinopec had purchased a six percent stake in two Sudanese oil blocks in the eastern Upper Nile region of the country. And the Washington Post reported in December that Sinopec is constructing a pipeline connecting the Melut Basin, in the south of Sudan, to a tanker terminal...