Oil "at all costs" for China

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jean63
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Oil "at all costs" for China




by jean63 » 10/12/07, 15:04

Yes, the Chinese do not ask questions about nuclear power, human rights ..... etc; they agree with the devil if necessary to guarantee their supply of oil ..... and minerals of all kinds (Africa among others = Sudan).
A priori their n ° 1 concern is not the reduction of CO2 emissions, but to have more and more oil and ore to "run" their prosperous industry .... we are in a bad way, the French, when we see what Sarko is at to balance our trade balance: make a pact with a Libyan devil !!

ABN the 10 / 12 / 2007 12h45
Oil and Realpolitik
No one is forced to approve President Gaddafi's official visit to France. But, in any event, how to really settle the eternal debate between defenders of human rights (or of the main principles of international law) and proponents of Realpolitik?
What is certain, however, is that such a debate does not take place in China. The Middle Empire is clearly ready to fire any wood to guarantee its future supply of raw materials in general and energy in particular.
No doubt, more than the simple sustainability of its economic growth model, does he see it as a pure question of long-term survival. Since then, Beijing does not hesitate to deal with countries banished from nations, in Africa in particular, showing an understanding that Machiavelli would not have denied ...

It is therefore perfectly consistent that Beijing has just signed with Iran a co-exploitation agreement for an oil field, valued at $ 2 billion.
Recall that Iran holds the second world reserves of hydrocarbons. However, given its diplomatic isolation, the country is today very hard to develop this heritage on its own, for both technical and financial reasons.
By making deals with China, Iran is killing two birds with one stone: on the one hand, it will benefit from the assistance of a powerful partner (and this without concessions - this is the case ... - major, apparently).On the other hand, it blows the wind of discord in the western camp. Indeed, remember that a number of European or Japanese oil companies are currently in the starting blocks to invest in Iran, being only held back by the fear of possible American sanctions ...
But Tehran's dangerous game ... could be a game-changer; and it is perhaps not worse, as it is true that when the merchants prosper, the cannon merchants tend to collapse ... The real meaning of Realpolitik?
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Flytox
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Re: Oil "at any price" ......;




by Flytox » 10/12/07, 23:36

Hello jean63
jean63 wrote:.... we French are badly barred, when we see what is happening Sarko to balance our trade balance: pact with a devil Lybian !!


It is never only what is seen, all the twisted blows are not made in the public square ..... on one side we play the peace officers (what we see) and on the other arms are sold to belligerents (on the sly). France is one of the very first arms seller in the world.

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moinsdewatt
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Re: Oil "at any cost" for China




by moinsdewatt » 07/08/12, 15:00

The Chinese Sinopec has bought half of Talisman's business in the North Sea for $ 1.5 billion.

Sinopec Pays $ 1.5B for 49% of Talisman's North Sea Business

July 23, 2012 Rigzone

China's Sinopec has agreed to pay $ 1.5 billion for almost half of Talisman Energy's North Sea business, according to the Canadian company.

In an announcement made on Monday afternoon (London time), Talisman Energy said Sinopec will buy 49-percent of Talisman Energy UK for $ 1.5 billion, so reducing Talisman's share of capital spending, production and abandonment liabilities for its UK business.

The deal effectively makes Talisman Energy UK a joint venture between Sinopec and Talisman. It is planned that this JV will invest to improve ongoing operating performance, as well as infill drilling, exploration opportunities and major projects, thereby extending field life and deferring decommissioning.

"We are very pleased to reach this agreement with Sinopec for the next phase of development of our UK North Sea assets," said John A. Manzoni, Talisman's president and CEO, said in a statement.

"This will provide additional resources and energy to the talented team on the ground, creating an exciting future for this portfolio. Collectively, we will invest more in the UK than Talisman would have on its own, leading to a stronger, more sustainable business.

"At the same time, Talisman has delivered on two key promises for the year. We are reducing our working interest and capital spend in the UK business by approximately half, allowing us to focus on and fund growth areas within our portfolio. This brings our total divestment proceeds to approximately $ 2.5 billion so far this year. We plan to utilize approximately $ 500 million of the proceeds from this sale to repurchase shares. "


http://www.rigzone.com/news/oil_gas/a/1 ... a_Business
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moinsdewatt
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Re: Oil "at any cost" for China




by moinsdewatt » 08/08/12, 17:30

moinsdewatt wrote:The Chinese Sinopec has bought half of Talisman's business in the North Sea for $ 1.5 billion.

...


and that's nothing compared to:

July 24: Energy: Chinese Cnooc acquires Nexen for $ 15.5 billion.
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