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| Africa: Subsaharan |
| China-controlled firm to invest in Sudan oil production |
| 2004-07-10 |
| Foreign energy firms intend to significantly increase their investment in Sudan’s oil sector. Industry sources said the Greater Nile Petroleum Operating Co. plans to spend $700 million to increase oil production in Sudan. They said Greater Nile intends to spend $200 million of that sum on exploration and development. The rest of the sum will be spent on production. The funds will be invested during 2005, the sources said. Greater Nile currently produces 200,000 barrels per day in central Sudan and plans to increase the figure to 500,000 barrels per day, Middle East Newsline reported. Greater Nile is dominated by China National Petroleum Corp, with a 40 percent stake. Malaysia’s Petronas has a 30 percent interest and India’s state-owned Oil and Natural Gas Corp. holds a 25 percent stake. |
| Posted by:Mark Espinola |
| #9 dammit, they're so inscrutable! |
| Posted by: Frank G 2004-07-10 3:49:14 PM |
| #8 China sure has its fingers in a lot of different pies. Let's see, nuclear technology to North Korea and Iran, mucking about in the Spratleys, damming the Mekong and now a little adventure in Sudan. You left out: a) Having operating concessions for both ends of the Panama Canal, b) maintaining 'sattelite facilities' in Brazil, c) operating 'fishing boats' off the coasts of Africa, d) Supplying arms to Zimbabwe, e) Port visits to Canada's northern territories. |
| Posted by: Pappy 2004-07-10 3:35:17 PM |
| #7 they have a comeuppance due. Whether unrest at home, SARS and Avian Flu, Banking collapse, buncha CBG's off their coast flying big FU flags in exercises with Taiwan, Hong Kong Democracy protests, I think they're stretched thin |
| Posted by: Frank G 2004-07-10 3:17:28 PM |
| #6 China sure has its fingers in a lot of different pies. Let's see, nuclear technology to North Korea and Iran, mucking about in the Spratleys, damming the Mekong and now a little adventure in Sudan. Isn't it about time they got their fingers burned? |
| Posted by: Zenster 2004-07-10 2:54:41 PM |
| #5 Butchers in league with other butchers. |
| Posted by: Mark Espinola 2004-07-10 2:49:38 PM |
| #4 Murderous represive Comunists,doing buisness with genocidal maniacs.19087,you are an ass. |
| Posted by: Raptor 2004-07-10 8:03:01 AM |
| #3 Our friends in the UNSC including the French, who also have big oil contract. |
| Posted by: Capt America 2004-07-10 2:03:54 AM |
| #2 Would explain their backing of Khartoum and the janjaweed. |
| Posted by: Edward Yee 2004-07-10 1:50:38 AM |
| #1 What is China doing there? This is a US territory and the Darfur crisis is our way to allow US companies to set foot in this area! |
| Posted by: Anonymous19087 2004-07-10 12:28:14 AM |