Congress raises new roadblock in Cnooc's path to Unocal deal

Article Abstract:

United States legislators have made additions to the United States energy policy that has dealt a blow to the China National Offshore Oil Corp.'s bid to acquire Unocal Corp. The new requirements would extend the review period of China's growing energy needs. Further legislation of a national-security review of a China National Offshore Oil Corp. acquisition is planned.

United States, Legal issues & crime, Government regulation (cont), Government domestic functions, Government regulation, Legal/Government Regulation, Laws, regulations and rules, Energy policy, Unocal Corp., China National Offshore Oil Corp.

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China's Zhongxin to buy oil field: deal for $250 million spurs a drive to tap Kazakhstan reserves

Article Abstract:

China's Zhongxin Resources Ltd. will buy the Mortuk oil field from Kazakhstan's KKM Operating Co. for $250 mil. The deal will add 35.2 bil barrels of recoverable oil reserves to production statistics for Zhongxin, a joint venture of Suntime International Economic Trading Group and Citic Guo'an Group.

Kazakhstan, Oil fields

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Sinopec sets deal for Russian oil, aided by Rosneft

Article Abstract:

China Petrochemical Corp. is to purchase TNK-BP Holdings of Russia Udmurtneft unit and then turn over 51 percent to OAO Rosneft. Bids for the Udmurtneft company are approximately $4 billion.

Russia, Cyclic crudes and intermediates, Petroleum chemicals industry, Petrochemicals industry, China Petrochemical Corp., TNK-BP

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