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Monday, May 18, 2009

State investment in overseas energy cooperation has frequently "victory"

By Professional editor working for Ladies Fashion Belts.

The implementation of China's oil has always been diversification strategy, this year is a fruitful year. In addition to the dust settled yesterday, the Sino-Russian energy talks, China this year also in other parts of the world's oil cooperation frequently "victory." Behind these achievements reflect the Chinese to find out more oil than the previous strategy and the way in negotiating skills are also more skilled.

Sino-Russian power converses in the identical time, China and Brazil, Venezuela, Kazakhstan furthermore marked a three-single-commonly renowned as the "loans-for-oil" deal. Among them, with Brazil come to 10 billion U.S. dollars is a lend affirmation, Brazil acquiesced to in agreement with the market from February 2009 to January 2010 a day to provide 100,000 to 16 million barrels of oil. And Venezuela, which apply the 12 billion U.S. dollars of oil co-financing capital, pledged to the Venezuelan edge will be 2013 before the year China's oil provide from 30 million barrels to 100 million barrels per day. As for last week set off the allowance of Sino-Kazakh affirmation come to 10 billion U.S. dollars. In supplement, Ecuador, President Correa broadcast that on April 5, with China lately marked a one billion U.S. dollars the total allowance of the lend agreement.

"Current international crude oil prices in the low market demand in the doldrums, which is conducive to the buyer and the seller to make a rational choice." China Institute of Contemporary International Relations Institute of the world economy, Chen Fengying, so to explain China's oil cooperation this year, significantly speeding up the reasons.

And Zhou Jiping, president of China National Petroleum Corporation's explanation is "currently facing the international energy market investment opportunities and the lack of a drop in oil and gas prices relatively low value of the assets of the opportunities."

Than in the past but this year, a noteworthy divergence is that China's oil performances to find out more tips and approaches for support with multinational oil oversized is an example.

At present, the China National Petroleum Corporation and Sinopec and Shell are jointly bidding to negotiate oil exploration rights in Iraq matters. In addition, Total is working with oil in Venezuela to discuss the establishment of a joint venture company for exploration. And will be completed by July this year, the Kazakh oil and gas company acquisitions as well as by the oil companies and the Kazakhstan national oil and gas joint.

"Through support with the oil oversized creatures, Chinese financial gatherings are more in all likelihood to deal in overseas." Mirae Asset Financial Group of Korea in Hong Kong in accuse of Energy Research, said Gordon Kwan.

Perhaps this arrives from a malfunction of numerous years of know-how in acquisitions. At that time, CNOOC endeavoured to come by U.S. Unocal, but finally fruitless journeys encountered. - 18424

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