Monday, June 24, 2013

 

Sinopec Group buys Angola oil field stake for 1.52 bln USD

China, June 24 - China Petrochemical Corp. (Sinopec Group), the country's top oil refiner, on Monday announced that it has signed a deal with U.S. oil giant Marathon Oil Corp. to buy its oil and gas field in Angola for 1.52 billion U.S. dollars.

According to the deal, Sinopec Group will purchase Marathon's 10-percent stake on the Angolan Block 31 field through its subsidiary Sonangal Sinopec International Ltd.

The Angolan Block 31 field, operated by British Petroleum (BP), has estimated proven and probable (2p) oil reserves of 533 million barrels, Sinopec said.

Together with the 5 percent stake in Block 31 field Sinopec purchased from French oil major Total in 2011, Sinopec's stake in the block will reach 15 percent upon the completion of the Marathon deal.

The deal is subject to approval by the Chinese and Angolan governments.

Tags : , , , , , ,

Share

Social

The idea behind the text.
Respect for the truth is almost the basis of all morality.
Nothing can come from nothing.



Follow

Popular Topics

Read

Well, the way they make shows is, they make one show. That show's called a pilot. Then they show that show to the people who make shows, and on the strength of that one show they decide if they're going to make more shows.

Like you, I used to think the world was this great place where everybody lived by the same standards I did, then some kid with a nail showed me I was living in his world, a world where chaos rules not order, a world where righteousness is not rewarded. That's Cesar's world, and if you're not willing to play by his rules, then you're gonna have to pay the price.

You think water moves fast? You should see ice. It moves like it has a mind. Like it knows it killed the world once and got a taste for murder. After the avalanche, it took us a week to climb out. Now, I don't know exactly when we turned on each other, but I know that seven of us survived the slide... and only five made it out. Now we took an oath, that I'm breaking now. We said we'd say it was the snow that killed the other two, but it wasn't. Nature is lethal but it doesn't hold a candle to man.

You see? It's curious. Ted did figure it out - time travel. And when we get back, we gonna tell everyone. How it's possible, how it's done, what the dangers are. But then why fifty years in the future when the spacecraft encounters a black hole does the computer call it an 'unknown entry event'? Why don't they know? If they don't know, that means we never told anyone. And if we never told anyone it means we never made it back. Hence we die down here. Just as a matter of deductive logic.