By John Lee. Bloomberg reports that Sinopec -- the state-owned China Petroleum & Chemical Corporation -- is considering a takeover of the recently restructured Gulf Keystone Petroleum (GKP). The news agency cites un-named sources as saying that the world’s biggest refiner is working with advisers and has made an approach to the company, which was […]
Tag Archives | SINOPEC
Tags: China, China Petroleum & Chemical Corporation, DNO, featured, GKP, Gulf Keystone Petroleum, Norway, SINOPEC
Oil, Rail Expansion Dominate China Talks
By Simon Kent. Iraqi PM Haider al Abadi recently met with Chinese President Xi Jinping to discuss high level strategic projects for both countries to cooperate on. The major discussions focused on a plan for Iraq's State Oil Marketing Company (SOMO) and Chinese state run refiner Sinopec to coordinate the shipment, refining and marketing of […]
Tags: China, featured, Haider al Abadi, Iraq, Iraq Oil Exports News, oil imports, Oil Prices In Iraq, Rail networks, railways, SINOPEC, SOMO, Xi Jinpeng
China, Iraq, Plan Historic Oil Cooperation
By Simon Kent. There is growing speculation over a planned energy initiative between Iraq and China, with both Iraqi PM Haider al Abadi and oil minister Adel Abdul Mahdi travelling to China for "deep discussions" on the proposal. According to The Wall Street Journal, Unipec, the trading branch of Chinese state refiner Sinopec, will be working with […]
Tags: Asia, China, featured, Haider al Abadi, Iraq, Iraq Oil Exports News, Oil Marketing, Singapore, SINOPEC, SOMO, State Oil Marketing Company, Unipec
Chinese Foreign Minister Meets Zebari in Baghdad
By John Lee. Chinese Foreign Minister Wang Yi met his Iraqi counterpart Hoshyar Zebari in Baghdad in a rare Chinese high level diplomatic mission to Baghdad. The two men discussed increased Sino-Iraqi cooperation in areas such as oil development and arms sales. Until recently, Iraq has been frustrated by slow deliveries of weapons systems from […]
Iraq Beats Kuwait to Chinese Refinery Deal
By John Lee. Reuters reports that China's state-owned Sinochem Corp plans to use Iraqi crude oil for 40 percent of the capacity of its new refinery, in what the article describes as "the latest example of Iraq beating Middle Eastern rivals in the competition for new markets in Asia". The deal wold replacing a preliminary […]
Sinopec is Dealt a Setback in Iraq
By John Lee. China Petrochemical Corporation, also known as Sinopec, is still unable to participate in projects in central and southern Iraq four years after it acquired a project in northern Kurdistan, reports the Wall Street Journal. The company held talks with Russia's Lukoil about jointly developing the West Qurna-2 oil field, but Lukoil's chief […]
Iran to Increase Production from Joint Oilfield with Iraq
By John Lee. According to a report from Tehran Times, Iran will double output at the Yadavaran oilfield, which straddles the border with Iraq, to 50,000 bpd by the Iranian calendar month of Dey (beginning 22nd December). Production started in February 2012 and the oilfield is currently producing 25,000 bpd of crude oil, but 55 […]
Oil Companies in Kurdistan - Complete List of Top Oil Companies
Erbil Governorate has compiled and published a list of the top oil companies in Kurdistan [Note: This list was originally compiled and published by Marcopolis - Ed.]. Please click here to see a list of oil companies with licences granted by the Ministry of Oil in Baghdad. [NEW: An updated list can now be found […]
Tags: Abu Dhabi National Energy Company (TAQA), Addax, Afren, Aspect Energy, Chevron, Dana Energy, DNO, Dogan, Exxon, Exxon Mobil, ExxonMobil, Forbes & Manhattan, Gazprom, Genel Energy, Groundstar Resources, Gulf Keystone, Heritage Oil, Hess, Hillwood, HKN, HKN Energy, Hunt Oil, Kar Group, KNOC, Korea National Oil Company, Marathon, Murphy Oil, Niko, Norbest, Oil Search, OMV, Oryx Petroleum, Perenco, Petoil, Prime Oil, Qaiwan, Reliance Industries, Repsol, ShaMaran Petroleum, SINOPEC, Sterling Energy, Talisman, Total, Viking, WesternZagros
KRG Oil Contractors to Get First Payment
The Kurdistan Regional Government (KRG) has received a written notice from the federal Ministry of Finance in Baghdad, confirming release of the first oil export payment to the KRG contractors, Prime Minister Barham Salih (pictured) announced today. The Prime Minister said, “This confirmation of payment to the KRG for the Region’s contractors amounts to around […]
Oil Exports From Kurdistan Delayed
Iraqi Kurdistan has not yet started exporting crude oil, despite a reported agreement that exports would resume from 1st February, Iraqi oil ministry sources said on Tuesday. Two top oil ministry officials, speaking on condition of anonymity, told Platts that there had been no additional oil supplied from two producing fields in the Kurdish region […]
Heritage Oil - Preditor or Prey?
Rumours continue to fly regarding the fate of Heritage Oil (LSE: HOIL), the oil explorer with operations in Iraqi Kurdistan (pictured), which is said to be the target of takeover bid. The British Daily Mail newspaper reported last week that Malaysia’s state-owned oil and gas company, Petronas, was interested in the company, but Petronas denied […]
Genel Enerji Sells Iraq Oilfield Stakes for $175m
Turkish oil company Genel Enerji AS has reportedly agreed to sell part of its stake in three northern Iraq oilfields to South Korea’s UI Energy Corp. for more than $175 million [210 billion Iraqi dinars]. BusinessWeek reports that Genel Enerji will sell 5 percent stakes in the Dohuk and Tawke fields and 10 percent of […]
Tags: Addax, Ceyhan, China Petroleum and Chemical Corp, DNO, Dohuk, Genel Enerji, Heritage Oil, IU Energy, korea, Miran, SINOPEC, Taq Taq, Tawke