Topic profile page for SINOPEC.
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Topic "Sinopec" was discussed 0 times on 0 sites in last 3 months
Started 1 day, 5 hours ago (2009-12-17 01:10:00)
by News Feed
BEIJING, Dec 17 (Reuters) - China's Sinopec Group, Asia's biggest refiner and parent of Sinopec Corp, said on Thursday that its 2009 total crude imports would hit 138 million tonnes (2.84 million barrels per day). The company's China Petrochemical News More...
Started 1 day, 11 hours ago (2009-12-16 19:20:25)
by emdyal
Also an additional motivation for Sinopec to stall the reporting in addition to the auctions is to wait for clarification as to ERHE's blocks in the EEZ. This does require written in stone clarity for Sinopec to make a buyout offer.
Started 1 day, 11 hours ago (2009-12-16 19:15:27)
by emdyal
Possibly but Sinopec would have information coming from multiple sources and they could collate that information in a timeframe that fits into their agenda . So they decide the pace at which things proceed and disclosure occurs The members of the JDA would be non the wiser.
Started 1 day, 11 hours ago (2009-12-16 19:01:02)
by dat_51or
I don't believe that Sinopec/Addax can or will withhold information from the JDA. If withheld they'd be in grave danger of contract breech. I've read that JDA at times has representatives on the drillships and that they have full access to the data. Can they read the data? ...that's a different question and one that be taken care of by hiring the right consultants. So that is a solvable problem/...
Started 1 day, 19 hours ago (2009-12-16 11:44:50)
by RKT989
Pete ..The more thoughts on EEZ..IF Sinopec does aquire ERHE eventually and the 2 100% picks go well I could see Sinopec getting preferential treatment to have multiple blocks added to the 2 100% blocks to duplicate the process going on in JDZ now..(sounds like PEter N comment). A multi block development would be very appealing to STP..with 80 Plus billion Sinopec just raised they are locked and ...
Started 1 day, 19 hours ago (2009-12-16 11:28:18)
by emdyal
You really think that Sinopec can screw the JDA around with not releasing information to them ? One would think that at least the Nigerian representation on the JDA would be knowledgable in the oil business but on the other hand the internal politics that is going on would no doubt make ones head spin. Any chance the individual members of the JDZ would be open to accepting a few monetary ...
Started 5 days, 14 hours ago (2009-12-12 16:33:33)
by ewing4
Hard to believe a possible suitor (i.e... "Sinopec is also looking into other companies such as ERHC Energy which has multiple oil block assets in the Joint Development Zone [12].") would allow ERHC to choose the aforementioned blocks in the EEZ if they are to acquire said. Seems to me "IF" a buyout were to happen, it would be well within a reasonable timeframe "PRIOR" to the EEZ picks, allowing ...
Started 5 days, 21 hours ago (2009-12-12 09:13:10)
by chet
In West Africa, Sinopec is also looking at acquiring other petroleum companies. Sinopec completed a takeover of Swiss-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover.[11]. Sinopec is also looking into other companies such as ERHC Energy which has multiple oil block assets in the Joint Development Zone[12]. http://fblt.koolearn.com/thread.jspa?threadID=3936 808&...
Started 5 days, 21 hours ago (2009-12-12 09:12:00)
by News Feed
(Beijing Time) Xinhua English BEIJING, Dec. 12 (Xinhua) -- Overseas crude oil output for Sinopec, China's leading onshore oil producer, would top 17 million tonnes in its total output of 60 million tonnes for this year. The acquisition of Addax More...
Started 1 week, 1 day ago (2009-12-10 00:00:00)
by News Feed
Beijing-based Sinopec has entered into an agreement with the government of Wuhan city to speed up the construction of its ethylene plant in Wuhan city of central China. The plant is expected to produce 800,000 metric-tonnes of ethylene a year. The More...
Started 5 days, 21 hours ago (2009-12-12 09:10:00)
by News Feed
Overseas crude oil output for Sinopec, China's leading onshore oil producer, would top 17 million tonnes in its total output of 60 million tonnes for this year. The acquisition of Addax Petroleum Corp this year has boosted the company's overseas More...
Started 1 week ago (2009-12-11 03:36:38)
by RubyMartin
China’s Sinopec may be granted oil block in Angola [ 2009-12-11 ] Beijing, China, 11 Dec – The China Petroleum and Chemical Corp (Sinopec), one of Asia's largest oil refiners, may be granted an oil field in Angola by its parent company China Petrochemical Corp (Sinopec Group), the China Business News newspaper reported. The paper, which cites non-identified sources, said it was the start of the ...
Started 1 week ago (2009-12-11 05:42:12)
by mrrhodes
Sinopec Overseas Oil Output May Reach 17 Million Tons (By Bloomberg News Dec. 11 (Bloomberg) -- China Petroleum & Chemical Corp., the nation’s biggest refiner, expects its overseas crude oil output to rise this year after acquiring Addax Petroleum Corp. The refiner’s share of output in oil fields outside China may reach 17 million metric tons in 2009 after the Beijing-based company, known as ...
Started 1 week, 1 day ago (2009-12-09 21:18:00)
by number581
any guesses on the one non-chinese and one chinese companies BC indicated were now at the table? SNC BHP POT SNC Xstrata Ameropa ENI CNOOC Sinofert SInopec China Blue Chemical
Started 1 week, 1 day ago (2009-12-09 11:37:06)
by tryoty
Dr. J, It is unusual for a multiple block drilling campaign to hold results until the end. I know that on paper Addax is owned by Sinopec, but they are still operating as completely different companies. So in effect we have a multi-company, multi-block drilling campaign that are holding results until all wells are complete. It makes me giddy to think why!
Started 5 days, 20 hours ago (2009-12-12 10:30:00)
by Merlin
On the 2nd day of bidding, again none of the companies winning the contract is American. This time it is a joint venture whose main partners are Russian and Norwegian oil companies.
Started 1 week, 1 day ago (2009-12-09 11:22:00)
by sumeroil
will not be enough is my reasoning. sinopec has no reason to buy erhe. erhe's portion will come to sinopec automatically. thing is, it might be not enough. if so, asset becomes debt!!!!!!!!!!!!!!! that could be the reason why erhe is looking for revenue generating business. i welcome any challenge to my acutely accurate logical reasoning above. i know nobody can. ...
Started 1 week ago (2009-12-10 09:57:00)
by EBJNYC
Quote: Originally Posted by diamondback Iraq opens big slice of oil riches to outsiders Security, political concerns still unresolved as 44 foreign firms return to do business by Sinan Salaheddin and Brian Murphy - Dec. 10, 2009 12:00 AM Associated Press BAGHDAD - It's been a strained courtship between Iraq ...
