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| Africa: North |
| Chicoms to Develop New Oil Fields in Sudan |
| 2004-11-24 |
| From East-Asia-Intel.com, subscription req'd China's largest state oil group, CNPC, has decided to develop its second oil field in Sudan. While the West worries about genocide in Darfur, the Chicoms get the oil to slake their appetites, thus keeping the Sudan thugocracy in power. Industry sources said trial production began in July 2004 at Block 6 and the facility was already pumping 10,000 barrels per day. The sources said CNPC plans to develop a bigger oil field in 2005, termed Adar/Yale. CNPC would have a 41 percent stake in the field, while the Malaysian state oil firm Petronas owns 35 percent, Middle East Newsline reported. The Adar/Yale field is projected to produce 10 million tons of oil a year or 200,000 barrels per day. The oil field is said to consist of Block 3 and Block 7 and is scheduled to be online in mid-2005. Sudan and Iran supply the Chicoms with 20% of their oil needs. Like with Iran, there will be no UN sanctions, as long as the Chicoms have a dog in this one. See previous RB article HERE. |
| Posted by:Alaska Paul |
| #2 Halliburton has a Chinese subsidiary? |
| Posted by: Brett_the_Quarkian 2004-11-24 11:48:48 PM |
| #1 Cool, this makes it quite consistent: Chicoms ink deals with Sudanese, ink deals with Iran, and make love to Fidel. And, oh, by the way, Saddam was a cuddle bug too. ---- Notice the pattern here |
| Posted by: Capt America 2004-11-24 11:09:51 PM |