Companies / China

Sinopec Eyes US$8bn Addax Bid

June 2009 | Industry News

Printable version
Bookmark

China Petroleum and Chemical Corporation (Sinopec) is reportedly in preliminary discussions with Swiss-Canadian independent Addax Petroleum over a proposed US$8bn takeover bid, according to China Daily.

To read the full article, please choose one of the following options:

Subcribers please log in

Related Insight Articles

Sanctions Force Unipec To Target Libyan Crude

Industry / China New US and EU sanctions on Iran are beginning to force importers to seek substitute supplies. China's Unipec is the latest to agree a deal with Libya's national oil company that could see it dramatically...

March 2012

Kuwait Loses Ground To Fellow MENA Crude Exporters In Strong Chinese Market

Industry / China Kuwait's average monthly crude oil exports to China have hit their lowest level since February 2010, according to the latest data from the Chinese General Administration of Customs.

August 2011

Soaring Chinese Oil Demand Boosts Iranian Crude Exports

Industry / China Iranian crude oil exports to China increased 47% year-on-year (y-o-y) in 7M11, according to China's official customs agency, making the Islamic Republic China's third-largest crude supplier after Saudi...

August 2011

Tehran, New Delhi Agree Last-Minute Oil Payment Mechanism

Industry / China The long-running crude oil payment dispute between India and Iran appears to have been temporarily resolved, allowing Tehran to receive about US$5bn in unpaid revenues it is owed for crude shipments in...

August 2011

Crude Oil Payment Woes Worsen As Beijing And Tehran Consider Barter Trade

Industry / China As India faces a possible cut-off in Iranian crude oil imports as a result of a payment dispute, Tehran is considering entering into a barter trade with Beijing to ensure no such outcome befalls its more...

July 2011