According to a recent report in The Wall Street Journal, China Petrochemical Corporation (Sinopec) will emphasize acquisition of foreign oil and gas assets to 2010 to build the company into an international oil major. As the article notes: “…Su Shulin said at the company’s internal annual meeting that Sinopec, as the company is known, should […]
Read more »As reported in The Financial Times, Iran signed a $2bn oil contract with Sinopec of China, sending a signal to western companies that they might miss out on potentially lucrative contracts with one of the world’s biggest energy exporters if they continued to heed US-led sanctions against Tehran. As the article notes: “…The contract to […]
Read more »An interesting round up of news from Central Asia Beat, including the following business & investment tidbits: Finland’s Nokian Tyres will be working with Kazakhstan’s Ordabasy JSC to build a factory in Astana. The tires will serve the Kazakh and Russian Markets, eventually going into Eastern European distribution. Germany will sponsor Kazakhstan at the WTO […]
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