china\s sinopec buys overseas assets from parent
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China's sinopec buys overseas assets from Parent

Arab Today, arab today

Arab Today, arab today China's sinopec buys overseas assets from Parent

Hong Kong - SPA

China's Sinopec says it's acquiring oil and gas assets in Russia, Kazakhstan and Colombia from its parent company to raise profitability and global competitiveness.The state-owned company said its setting up a $3 billion joint venture with its parent, China Petrochemical Corp., to acquire the assets. Each company will provide half the investment amount for the joint venture but Sinopec will have control.Chief Financial Officer Wang Xinhua said Monday the "acquisition will bring substantial potential to the company." The deal is forecast to raise its proven crude oil reserves by 9 percent, according to a report of the Associated Press.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china\s sinopec buys overseas assets from parent china\s sinopec buys overseas assets from parent

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china\s sinopec buys overseas assets from parent china\s sinopec buys overseas assets from parent

 



GMT 08:06 2017 Friday ,29 December

Nintendo eyes 20 mn Switch sales

GMT 22:09 2017 Monday ,25 September

Saudi Arabia through the eyes of a high-profile expat

GMT 05:37 2016 Thursday ,27 October

Football: Liverpool Beat Spurs 2-1, Sturridge Brace

GMT 12:33 2017 Wednesday ,22 March

'Nice guy' Bottas in hot seat alongside Hamilton

GMT 20:35 2017 Wednesday ,03 May

10 dead, 9 others hurt in Mali army convoy ambush

GMT 01:39 2017 Friday ,27 October

Oct24/Nov22

GMT 16:06 2016 Sunday ,31 July

Q7 is our best-selling model in region

GMT 07:51 2016 Wednesday ,13 April

Volvo Ocean Race sets sail for Hong Kong
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday