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  1. Sinopec turns Venezuela units into joint ventures

    Posted Jun 29th 2007, 12:00am by Eric Ng

    ... Eric Ng China Petrochemical Corp, parent of listed China Petroleum & Chemical (Sinopec), had joined six other global oil firms in changing their business arrangements with Venezuela ... after President Hugo Chavez ordered state oil firm Petroleos de Venezuela (PDV) to take over operations of heavy oil projects in the Orinoco Basin from May 1. Foreign investors were given until ...

  2. Cartel considers raising basket price

    Posted Dec 31st 2004, 12:00am by James Lee

    ... Arabia), Dubai (United Arab Emirates), Tia Juana Light (Venezuela), and Isthmus (Mexico, which is a not a member of Opec). ...

  3. Business Digest

    Posted Aug 27th 2005, 12:00am by Staff Reporter

    ... profit of 25 million yuan, while CNCBB Ningbo made 35 million yuan and had 184 million yuan in net assets at the end of last year. Georgina Lee CNPC to join oil joint venture in VENEZUELA China National Petroleum Corp, parent of PetroChina, has signed a preliminary agreement to form a joint venture with Petroleos de Venezuela to develop oil and gas in Venezuela. The two companies intend ...

  4. Stepping into America's backyard

    Posted Feb 04th 2005, 12:00am by Michael Richardson

    ... Michael Richardson China's frenetic global search for large supplies of oil-based energy has recently brought it to Canada and Venezuela, which together provide about 25 per cent ... country. The deal came amid escalating tensions between Venezuela and the US, as the leftist Mr Chavez vowed to reduce Venezuela's dependence on the American oil market. Meanwhile, Beijing ...

  5. Myths of unconditional Chinese loans debunked

    Posted Feb 24th 2012, 12:00am

    ... combined. The bulk of the Chinese loans since 2005 have come from the China Development Bank (82per cent), and some 75per cent of total financing reached Argentina, Ecuador and Venezuela- countries ... in Costa Rica, a hydroelectric dam deal in Ecuador, mining ventures in Peru, and with oil contracts in Venezuela, among others. The secrecy surrounding China's dealings make it difficult ...

  6. Crude pierces US$68, Asian equities retreat

    Posted Aug 26th 2005, 12:00am by Staff Reporter

    ... to form a joint venture with Petroleos de Venezuela to develop and manage oil fields in Venezuela, Bloomberg reported. ...

  7. Indians cheer nationalisation, but oil firms reassess plans

    Posted May 05th 2006, 12:00am by Staff Reporter

    ... retroactive tax rises in Venezuela, the world's fifth-largest oil exporter- arrived in La Paz late on Wednesday. After being greeted by Mr Morales, a beaming Mr Chavez congratulated him ... Bolivia's state-owned YPFB and Venezuela's state petroleum company PDVSA to develop gas industrialisation projects, a partnership to be formalised later this month. 'Some companies have ...

  8. Repsol Latin America asset bids fail

    Posted Sep 17th 2007, 12:00am by Staff Reporter

    ... Argentina, Brazil, Mexico and Peru. CNPC said this month that it would take a 40 per cent stake in a venture with state-owned Petroleos de Venezuela. The one million barrel a day project will see ...

  9. Moscow blocks COSL acquisition proposal

    Posted Jan 25th 2008, 12:00am by Eric Ng

    ... such as Venezuela and Kazakhstan, to revise rules and limit foreign investments. 'Since 2002, resource-rich nations have adopted legislation to raise the barriers of entry by foreigners into their oil ... an Asia-Pacific oil and gas exploration and production conference in Beijing last week. 'Russia and Venezuela were particularly aggressive in setting their own game rules, ignoring traditional ...

  10. China's oil demand remains 'wild card' in tanker market

    Posted Apr 27th 2011, 12:00am

    ... involved. 'I see tonne-mile growth with vessels taking more cargo east. I don't think that is going to slow down,' he said. More China-bound oil cargoes would come from Venezuela ... barrels per day in March. China imports about 400,000 barrels of crude oil and refined products a day from Venezuela but this is likely to increase as mainland refinery projects start. ...




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