男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Top Biz News

Sinopec keen despite Iraq snub

By Li Xiang and Wan Zhihong (China Daily)
Updated: 2009-11-24 08:11

Sinopec keen despite Iraq snub

In June, Sinopec agreed to buy the Swiss oil explorer for $7.3 billion. [CFP]

Sinopec Group, China's second largest oil company, said yesterday it remains active in its efforts to bid for oilfields in Iraq despite being rebuffed in the second round of bidding.

"Sinopec is still in talks with the Iraqi government over the bid," said a source from Sinopec who declined to be named.

Sinopec's offer to pay participation fees to bid for oilfields on offer in Iraq's second bidding round was rebuffed by the Iraqi government due to Sinopec's existing deals with the Kurdish regional government, Reuters reported.

In June, Sinopec agreed to buy Swiss oil explorer Addax Petroleum Corp for $7.3 billion, which had signed deals with the Kurdish authorities in northern Iraq.

The source from Sinopec said the contract with Addax was not likely to affect Sinopec's other businesses in Iraq, based, as it was, on an evaluation it did before purchasing the Swiss oil company.

Baghdad's refusal, however, indicated that the Addax deal clearly had a negative impact on Sinopec's effort to further tap oil reserves in Iraq.

Related readings:
Sinopec keen despite Iraq snub Sinopec announces acquisition of Geneva-based Addax
Sinopec keen despite Iraq snub Sinopec to buy LNG from ExxonMobil
Sinopec keen despite Iraq snub Sinopec JV petrochem unit kicks off
Sinopec keen despite Iraq snub Sinopec discovers super large gas field in Chongqing

"Sinopec asked to pay the participation fee to get the data package but we refused due to the deals they have with the Kurdish regional government," Reuters quoted Sabah Abdul Kadhim, head of the legal and commercial section of the Petroleum Contracts and Licensing Directorate, as saying.

Iraq's central government and the Kurdish authorities are at loggerheads over a range of issues including oil. The oil ministry of Iraq considers deals signed by the Kurdish authorities with oil firms to be illegal.

"Our position is clear. We will not deal with any oil companies that sign contracts with the Kurdish authorities without the approval of the central government," Kadhim was quoted as saying.

Analysts said the failure of Sinopec in its bidding effort indicates that it is still not easy for Chinese oil producers to acquire overseas oil assets when deals are intertwined with sensitive political issues.

"Oil, unlike many other resources, is closely linked with national interests and political issues," said Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University.

"It is still not easy for Chinese oil companies to tap overseas oil reserves when resources become intertwined with political interests," he said.

Lin, however, noted that Sinopec was not likely to give up easily and was expected to continue in its efforts to bid for Iraqi oilfields to expand its upstream oil asset overseas.

 

主站蜘蛛池模板: 玉田县| 通许县| 武隆县| 马尔康县| 鹿邑县| 沭阳县| 梨树县| 彭山县| 西华县| 堆龙德庆县| 昭平县| 察哈| 新龙县| 藁城市| 莱州市| 姚安县| 富裕县| 大余县| 通江县| 专栏| 来安县| 巴中市| 合水县| 如东县| 伊宁市| 调兵山市| 邵阳县| 井研县| 河东区| 苏尼特左旗| 郸城县| 老河口市| 萍乡市| 宁陵县| 昌都县| 呼和浩特市| 凤庆县| 东丽区| 建德市| 杭州市| 曲麻莱县|