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.

2016-06-22 18:00:00

REPSOL VS SINOPEC: $5.5 BLN

REPSOL VS SINOPEC: $5.5 BLN

WSJ  wrote, Repsol SA said it faces a $5.5 billion arbitration claim from Chinese state-controlled energy company Sinopec.

The claim relates to a U.K. joint venture between the Chinese and a Canadian firm which the Spanish oil producer acquired last year.

Sinopec International Petroleum Exploration and Production Corp. and its subsidiary Addax Petroleum U.K. Ltd. have initiated arbitration proceedings against Talisman Energy Inc.--today known as Repsol Oil & Gas Canada Inc.--for the repayment of their investment in the joint venture in 2012, Repsol said on Friday.

The claim, in which Talisman Colombia Holdco. is also named, includes a demand for compensation for subsequent investment in the British business and any loss of opportunity, Repsol said on Friday.

The Spanish company said the claim is "baseless" and considered a "remote risk" to Repsol and Talisman.

Officials at Addax weren't immediately reachable for comment.

Addax, which owns a 49% stake in Talisman Sinopec Energy UK, intends to maintain its holding in TSEUK, Repsol said.

"The claimants' proceedings can be interpreted as a defensive action undertaken by those who adopted an investment decision in the U.K. which hasn't delivered the results expected by them, as it has also happened with other investments by this group of companies," Repsol said.

Aberdeen, Scotland-based TSEUK is a North Sea-focused oil and gas exploration and production company.

-----

Earlier: 

REPSOL NET INCOME €572 MLN 

CHINA INCREASES EFFICIENCY 

REPSOL WILL SELL $7.1 BLN, CUTS 38% 

CHINA'S GAS PRIORITIES 

REPSOL WILL CUT 1,500 JOBS 

IRAN & CHINA OIL CONTRACTS 

REPSOL & TALISMAN: $8 BLN 

RUSSIA & CHINA COOPERATION

 

Tags: REPSOL, SINOPEC, CHINA, SPAIN,
REPSOL VS SINOPEC: $5.5 BLN October, 19, 11:30:00

ТРАГЕДИЯ В КЕРЧИ

REPSOL VS SINOPEC: $5.5 BLN October, 19, 11:25:00

OIL PRICE: NOT ABOVE $80

REPSOL VS SINOPEC: $5.5 BLN October, 19, 11:20:00

GAS FOR CHINA: THE BIGGEST

REPSOL VS SINOPEC: $5.5 BLN October, 19, 11:15:00

RUSSIAN LNG FOR GERMANY

REPSOL VS SINOPEC: $5.5 BLN October, 19, 11:10:00

RUSSIAN YAMAL LNG

REPSOL VS SINOPEC: $5.5 BLN October, 19, 11:05:00

EXXON'S LNG FOR CHINA

All Publications »

Chronicle:

REPSOL VS SINOPEC: $5.5 BLN
2018, October, 19, 11:00:00

NORWAY'S GAS FOR BRITAIN

PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.

REPSOL VS SINOPEC: $5.5 BLN
2018, October, 19, 10:55:00

UZBEKISTAN'S NUCLEAR: $11 BLN

AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.

REPSOL VS SINOPEC: $5.5 BLN
2018, October, 19, 10:50:00

IRANIAN GAS: 1 BLN CMD

SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.

REPSOL VS SINOPEC: $5.5 BLN
2018, October, 19, 10:45:00

CHINA - BELGIUM NUCLEAR

WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.

All Publications »