Home Posts Tagged "Sinopec"

Sinopec

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There are rumors in and around the market that there is an ongoing deal between Sinopec and Chesapeake. This news of this deal is reigning loud in the market even more than the investment of Carl Icahn in the giant of natural gas. Sinopec is trying to help Chesapeake to revive from the critical condition that it unlike some others who were more concerned in buying some of their stakes. This deal is best fitted for Chesapeake in the line of its desire to aggravate the company’s global acreage.

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China Petrochemical giant Sinopec and Australian Pacific Liquefied Natural Gas project are in talks for the acquisition deal. Sinopec has settled to increase its stake in Australian Pacific LNG project to 25 percent. This will reduce the ownership of the joint developers, Origin Energy and ConocoPhillips, to 37.5 per cent each.

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Following its refinery acquisitions in Singapore and Japan, Chinese oil giant PetroChina is now in a deal to buy two refineries owned by British …

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