Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-07-03 18:10:00

CNPC & TOTAL NEGOTIATIONS

CNPC & TOTAL NEGOTIATIONS

China National Petroleum Corp and French oil major Total are in talks to transfer a stake in a joint venture oil refinery in the northeast port city of Dalian.

Wang Dongjin, president of CNPC's listed unit PetroChina, met with a Total vice-president in Beijing and discussed "domestic and overseas upstream projects and a stake transfer in the Wepec refinery", CNPC said on its website.

Total holds one of the most diverse investments of the foreign oil majors in China, including a 22.4 per cent stake in the West Pacific Petrochemical Corp, or Wepec, refinery, set up in the 1990s to export gasoline.

However, foreign oil majors have been frustrated by their limited role in China's closed market. China has not opened most of its energy and fuel markets to foreign or even private competition, despite commitments when it jointed the World Trade Organisation.

In recent years the Wepec joint venture has been limited in its ability to profit by China's growing demand for refined products, due to difficulties in obtaining a licence to sell domestically.

Total confirmed that it was in talks with PetroChina to sell its stake, although declined to give any details on the timing or the reasons for the divestment.

CNPC operates Wepec, which is also partially owned by state-owned Sinochem and local companies in Dalian.

The sale, if completed, will come at a time when Chinese state-owned enterprises are being encouraged to sell minority stakes in key assets, to bring in outside capital without relinquishing control.

CNPC has said it will sell off oil pipelines while its main rival Sinopec is seeking partners for its retail business, including gas stations and convenience stores. On Wednesday, Sinopec said it was restructuring its lubricants business as a separate unit, as a preliminary step to attracting an outside investor.

ft.com

Tags: CNPC, TOTAL, OIL

Chronicle:

CNPC & TOTAL NEGOTIATIONS
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

CNPC & TOTAL NEGOTIATIONS
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

CNPC & TOTAL NEGOTIATIONS
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

CNPC & TOTAL NEGOTIATIONS
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »