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Archive for September, 2008

Sinopec confirms $2b takeover of Tanganyika Oil

China Petrochemical Corp, or Sinopec Group, on Saturday confirmed it has signed a deal to buy Canada’s Tanganyika Oil Co Ltd for 2.07 billion Canadian dollars ($2 billion, or 13.7 billion yuan). According to an agreement ... Read More

CIC Appoints New Supervisory Chief

Jing Liqun has been appointed as the new supervisory chief of CIC, the state-controlled fund that focuses on overseas investment. By staff reporter Li Qing The state-controlled fund China Investment Corporation (CIC) appointed ... Read More

CIC Appoints New Supervisory Chief

Jing Liqun has been appointed as the new supervisory chief of CIC, the state-controlled fund that focuses on overseas investment. By staff reporter Li Qing The state-controlled fund China Investment Corporation (CIC) appointed ... Read More

Full text of Chinese Premier Wen Jiabao’s speech at 2008 Summer Davos in Tianjin

***Following is the translated version of the full text of Chinese Premier Wen Jiabao’s speech delivered here on Saturday at the opening ceremony of the Annual Meeting of the New Champions 2008, or Summer Davos, hosted by ... Read More

Commitments to help poor nations honored

The following is the full text of the speech by Chinese Premier Wen Jiabao at the UN high-level meeting on the Millennium Development Goals (MDGs) on Sept 25, 2008: Mr President, Mr Secretary-General, ladies and ... Read More

CIC Unlikely to Buy More of Blackstone

US-based private equity house Blackstone revealed that China’s sovereign wealth fund, China Investment Corporation (CIC), had no immediate intention to increase stake in the company. As the US financial crisis deepened, ... Read More

Tianjin Climate Exchange unveiled

On September 25, Tianjin Climate Exchange, co-established by CNPC Assets Management Co., Ltd. (holding a 53% stake), Tianjin Property Rights Exchange (holding a 22% stake), and Chicago Climate Exchange (CCX) (holding a 25% ... Read More

Reception marks 50th anniversary of China-Iraq diplomatic ties

 A reception was given here Friday to mark the 50th anniversary of the establishment of China-Iraq diplomatic relations. Chinese senior legislator Zhou Tienong attended the event. Zhou, vice chairman of the Standing Committee ... Read More

Chinese, South African FMs vow to further friendly ties

The foreign ministers of China and South Africa vowed here Thursday to further develop friendly ties between the two countries. Chinese Foreign Minister Yang Jiechi told his South African counterpart Nkosazana Dlamini-Zuma that ... Read More

CNPC, Iraq Revive 1996 Oil Field Contract

China’s biggest oil company has signed a major service contract with the Iraqi government. But security questions remain. By staff reporter Yang Yue China National Petroleum Corp. (CNPC), the country’s largest oil and ... Read More

China and Chad sign joint venture refinery agreement

On September 20, witnessed by Chinese President Hu Jintao and Chadian President Idriss Deby, CNPC President Jiang Jiemin and Emmanuel Nadingar, the Minister of Petroleum of Chad, signed an agreement for the establishment of a ... Read More

Jiang Jiemin meets with Venezuelan Minister of Energy and Petroleum and PDVSA CEO, Rafael Ramirez Carreno

On September 22, in Beijing, CNPC President Jiang Jiemin interviewed Venezuelan   Minister of Energy and Petroleum and PDVSA CEO, Rafael Ramirez Carreno. They   exchanged ideas about further cooperation. Assistant President ... Read More

“Taikonauts” a sign of China’s growing global influence

As China made another giant leap into space with the Shenzhou-7 craft launch on Thursday carrying a crew that is scheduled to make the nation’s first space walk, the word “taikonaut” cropped up in media ... Read More

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