4:50
Warren Buffet on PetrolChina and his strategy
Wallen Buffet sold PetroChina and speaks about his investing strategy....
published: 19 Oct 2007
author: fulda
Warren Buffet on PetrolChina and his strategy
Warren Buffet on PetrolChina and his strategy
Wallen Buffet sold PetroChina and speaks about his investing strategy.- published: 19 Oct 2007
- views: 84408
- author: fulda
3:23
Petrochina
Petrochina is one of the WPP, BrandZ Top 50 Most Valuable Chinese Brands 2013. Each brand ...
published: 04 Dec 2012
author: firecracker888
Petrochina
Petrochina
Petrochina is one of the WPP, BrandZ Top 50 Most Valuable Chinese Brands 2013. Each brand has its own individual story and to tell them we have put together ...- published: 04 Dec 2012
- views: 92
- author: firecracker888
5:06
PetroChina Video.asf
Project VLC 1.1.1 The Luggage Stream 0-Windows Media Audio 2(WMA2) Stream 1-Windows Media ...
published: 30 Aug 2011
author: Arvin Chiong
PetroChina Video.asf
PetroChina Video.asf
Project VLC 1.1.1 The Luggage Stream 0-Windows Media Audio 2(WMA2) Stream 1-Windows Media 9(WMV3) Real Improvements.- published: 30 Aug 2011
- views: 847
- author: Arvin Chiong
3:21
Cramer & Altucher: Follow Buffett's Lead on PetroChina?
Cramer & Altucher: Follow Buffett's Lead on PetroChina?...
published: 21 Mar 2012
author: TheStreetTV
Cramer & Altucher: Follow Buffett's Lead on PetroChina?
Cramer & Altucher: Follow Buffett's Lead on PetroChina?
Cramer & Altucher: Follow Buffett's Lead on PetroChina?- published: 21 Mar 2012
- views: 175
- author: TheStreetTV
2:23
ConocoPhillips and PetroChina Partnership
CCTV's Ginger Vaughn in Houston, Texas, reports on PetroChina and the ConocoPhillips partn...
published: 28 Feb 2013
author: BizAsiaAmerica
ConocoPhillips and PetroChina Partnership
ConocoPhillips and PetroChina Partnership
CCTV's Ginger Vaughn in Houston, Texas, reports on PetroChina and the ConocoPhillips partnership. The two companies hope to search for new sources of oil sha...- published: 28 Feb 2013
- views: 159
- author: BizAsiaAmerica
1:12
Petro China Now Number One Company in World
The Financial Times now ranks Petro China the number one company in the world, measured by...
published: 01 Jun 2010
author: TantaoNews
Petro China Now Number One Company in World
Petro China Now Number One Company in World
The Financial Times now ranks Petro China the number one company in the world, measured by total stock value, ahead of Exxon-Mobile.- published: 01 Jun 2010
- views: 821
- author: TantaoNews
7:00
Penyalur aksi mogok kerja petrochina jambi Senin 30 Des 2013
Jambi, Senin 30 Des 2013 ribuan buruh petrochina mogok menuntut kenaikan upah kerja yang t...
published: 02 Jan 2014
Penyalur aksi mogok kerja petrochina jambi Senin 30 Des 2013
Penyalur aksi mogok kerja petrochina jambi Senin 30 Des 2013
Jambi, Senin 30 Des 2013 ribuan buruh petrochina mogok menuntut kenaikan upah kerja yang tidak sesuai dengan upah minumum sektor migas. Demo akan dilanjutkan tanggal 3-10 januari 2014, semua pekerja akan mogok. Hal ini mempengaruhi proses kerja plant petrochina dan mengakibatkan kerugian trilyunan rupiah.- published: 02 Jan 2014
- views: 222
4:02
PetroChina Negates Rumours of Company Split
Follow us on TWITTER: http://twitter.com/cnforbiddennews
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published: 14 Oct 2013
PetroChina Negates Rumours of Company Split
PetroChina Negates Rumours of Company Split
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews The oil giant PetroChina, is said to be reorganizing after a series of scandals were revealed. The National Development and Reform Committee (NDRC) reportedly planned to split-up PetroChina. This was following former state audit director Jiang Jiemin being sacked. However, this plan was never made public because of its potential impact. PetroChina also denied this report. It stated that split-up of PetroChina is not the best option, at least not for the short and medium term. A report on October 10 in Guangzhou based 'Time Weekly' said an assessment of PetroChina's profit areas, business and subsidiaries was conducted and submitted to NDRC. An anonymous specialist revealed the plan to restructure PetroChina. This was a week after its former chairman Jiang Jiemin was sacked. Within the proposal, it was most likely that PetroChina would be split up. This was never disclosed for fear of it's broad impact. Two days later, a senior executive told Shanghai Securities News that the report was baseless. The company will stick to its integration strategy "til the last minute". U.S. based China Affairs magazine editor Chris Wu believes these conflicting media reports signal fierce internal struggles within the Chinese Communist Party. Chris Wu, Editor, China Affairs: "The restructure will affect various interest groups. This includes the oil faction, the Sichuan faction, and individuals such as Zhou Yongkang and Zeng Qinghong. They will not easily give up. It is typical to see this struggle and resistance." In the planned split, the gas pipeline business would become independent. However, Shanghai Securities News was told in particular that NDRC supported PetroChina's arising gas pipeline business. This statement seems to indicate NDRC approves the core strategy of PetroChina in promoting it's natural gas business. It also supports continuation of the "pipeline network integration". Reportedly, private businesses were annoyed by this. PetroChina holds the best resources, and yet, many private companies with similar technology could not get any preferential policies. Chris Wu: "PetroChina monopolizes everything, from price to resources. This state-owned giant suppresses private business such as the gas stations, refineries, and so forth. It is devastating to the economy and energy of China." A Chicago based futures brokerage company owner once commented, "Sinopec and PetroChina are big and strong. Their power exceeds that of the NDRC." Political science Professor Ming Xia of City University of New York believes PetroChina is not only the monopoly of vested Interests groups. It is also the powerful resistance in China's reform. Ming Xia, political science Professor: "PetroChina operates through funds transfer, overseas mergers, acquisitions, and all kinds of overseas oil futures. In the course of operations, the state will absorb the loss, but PetroChina individuals will take care of the profit." Scholar Liu Zhirong stated that monopoly breeds corruption. Corrupt executives will surely hurt the interests of shareholders. Therefore, splitting up PetroChina is the only right choice. Senior journalist Zhao Pei told Sound of Hope radio that a split is only redistribution of the interest groups. The oil gang's supporters such as Zeng Qinghong and Zhou Yongkang will very likely destroy evidence of corruption through the process of restructuring. Consequently, the public will have to pay for these peoples debts. 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/- published: 14 Oct 2013
- views: 16
4:14
PetroChina Faces More Investigations and International Lawsuits
Follow us on TWITTER: http://twitter.com/cnforbiddennews
Like us on FACEBOOK: http://www.f...
published: 10 Sep 2013
PetroChina Faces More Investigations and International Lawsuits
PetroChina Faces More Investigations and International Lawsuits
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Chinese media recently reported that another five PetroChina executives have been summoned for investigation last Thursday. The regime is believed to be heightening its investigations into the PetroChina scandal. Along with the lawsuits from U.S. shareholders, PetroChina is now facing deep trouble. Reporter: China Business News reported information from sources. Five executives from PetroChina were take away last Thursday night. They included Sun Longde, a PetroChina Vice President, and Wang Guoliang, China National Petroleum Corp's (CNPC) chief financial officer. It also included Wu Mei, CNPC's General Manager, and Wang Wencang from SPT Energy group, which is a subsidiary of PetroChina. This report was cited by many other media. China Business News deleted this report. A statement was subsequently published, that PetroChina has clarified the report as being "inconsistent with the truth." Both Wang Guoliang and Sun Longde are handling their business as usual. The three other executives were not mentioned. Deng Yuwen, former Deputy Editor of the CCP Party School newspaper Study Times, commented. More exposures of investigations, as well as the executives involved, are of no surprise. Deng Yuwen: "Corruption in state-owned enterprises has existed for many years. This time, the anti-corruption campaign has extended from government officials to state-owned enterprises. It has even reached finance systems. These are regulatory to officials, but none to the state-owned enterprises. In a sense, its corruption is more serious than the government officials." Beijing lawyer Li Heping indicates that people typically feel oil is very expensive in China. He questioned who PetroChina serves, and whether it is a certain class or the general public in China. Li Heping: "We feel oil prices were very low when Lai Changxing was profiting through his oil imports. Now with his arrest, oil prices have gone way up high, and the oil companies complained they're losing money. I wonder what they're doing?" Fujian Daily reported that the former Vice President of PetroChina Li Hualin's salary raised from 1 Million Hong Kong Dollars to 13.87 Million HK Dollars in 2012. His salary was as high as 100 Million Hong Kong Dollars during his post at CNPC Hong Kong. Li Heping indicates that high oil prices suppress China's economic development. Fuel consumption in cargo transportation raises the cost. Monopoly of oil in China has a serious bottleneck effect on the economy. Two lawsuits against PetroChina in the U.S. took place recently. A U.S. law firm filed a lawsuit on behalf of the U.S. investors. Meanwhile, Johan Broux, an investor in Belgium, filed a complaint against PetroChina, for failing to expose its corruption investigation. This led to PetroChina shares going down more than 3.5 percent on Aug. 28. PetroChina spokesman confirmed it received legal documents and process. He claimed individual violations are irrelevant to the corporate management and strategy. Yu Meisun, former State Council Secretary: "When the chairman and general manager are investigated over serious financial issues, it is regulatory to notify the shareholders. Failure to do so means the company is obligated to take the responsibility for the loss, including the investors' loss." Four PetroChina executives had been involved in the investigation prior to the five currently exposed. Former Chairman, Jiang Jiemin, is also being investigated. Meanwhile, Tao Yuchun, former General Manager of PetroChina subsidiary Kunlun Gas Utilization Group, has been missing for more than a year. PetroChina has been known to be under the influence of Zhou Yongkang, former secretary of the Central Political and Law Commission. Interview Edit / Qin Xue Post-production / 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/- published: 10 Sep 2013
- views: 0
4:53
Berita Jambi | Unjuk Rasa, Kantor Petrochina Disegel Pasukan Anjali
Ratusan massa dari Aliansi Mahasiswa, Pemuda dan LSM Jambi tergabung dalam kelompok Anjali...
published: 07 Jun 2013
author: Berita Jambi
Berita Jambi | Unjuk Rasa, Kantor Petrochina Disegel Pasukan Anjali
Berita Jambi | Unjuk Rasa, Kantor Petrochina Disegel Pasukan Anjali
Ratusan massa dari Aliansi Mahasiswa, Pemuda dan LSM Jambi tergabung dalam kelompok Anjali, Jumat (7/6), menyegel kantor Petrochina di Pasar Kec. Jambi Selat...- published: 07 Jun 2013
- views: 92
- author: Berita Jambi
1:30
26 Sumur Minyak Petrochina di Jambi Ditutup
Pihak Petrochina mengaku merugi hingga US$ 220 ribu per hari atau sekitar Rp 2,2 miliar ru...
published: 05 Jun 2013
author: Rangga Rhyzuki
26 Sumur Minyak Petrochina di Jambi Ditutup
26 Sumur Minyak Petrochina di Jambi Ditutup
Pihak Petrochina mengaku merugi hingga US$ 220 ribu per hari atau sekitar Rp 2,2 miliar rupiah.- published: 05 Jun 2013
- views: 23
- author: Rangga Rhyzuki
0:46
3/29/12 13 year old PetroChina surpasses Exxon in world oil production
The world's biggest producer of oil is now China's PetroChina, not Exxon. PetroChina wasn'...
published: 29 Mar 2012
author: Bernard Hess
3/29/12 13 year old PetroChina surpasses Exxon in world oil production
3/29/12 13 year old PetroChina surpasses Exxon in world oil production
The world's biggest producer of oil is now China's PetroChina, not Exxon. PetroChina wasn't even around 13 years ago.- published: 29 Mar 2012
- views: 521
- author: Bernard Hess
Vimeo results:
0:49
Oil & Gas Recruitment Ad
We are an independent - UK based - film production company creating high impact films for ...
published: 28 Jul 2009
author: Rob Bryce
Oil & Gas Recruitment Ad
We are an independent - UK based - film production company creating high impact films for the Oil & Gas sector throughout Europe.
This short film was commissioned, as a series of aspirational TV commercials, for nation wide Oil & Gas release to recruitment events.
Our clients were overwhelmed with the response to our film which attracted tens of thousands of visitors to the recruitment fairs.
30:02
Yo, un chino
Registrado y realizado en Donosti, 17-25 de septiembre de 2011
Cobertura de la retrospecti...
published: 24 Oct 2011
author: Julius Richard
Yo, un chino
Registrado y realizado en Donosti, 17-25 de septiembre de 2011
Cobertura de la retrospectiva "Sombras digitales: Cine chino de última generación" para Transit (www.cinentransit.com)
(cc) julius richard
_____
_____
CHINA HD (HIGH DISSOLUTION)
(((PIEZA 1 – (Sobre)impresiones chinas // “Unknown Pleasures”, Jia Zhang-ke, 2002)))
CRI(P)TICA
Portrayal of the trauma and degeneration / The sorrows we suffered and never were free.
Joy Division, “Decades”
Como el maestro taiwanés Hsiao-hsien hace con el apéndice chinesco, Zhang-ke radiografía el desencanto de la juventud china en tiempos de cambio, crisis, cigarrillos y otras c´s, por medio de planos secuencias, viajes de la realidad a/en la ficción y viceversa y la historia de dos amigos en paro que simbolizan las dos Chinas del No Future.
Triple C China: Comunismo y/o Capitalismo, siempre bajo Confucio y el hombre como retorcida madera. El Cigarro del Capital Chino: hiperhegeliano, ultrafukuyámico, del que los chinos se fuman la matrícula (donde reza: “CAM”), en un capitalismo desnudo, tardío y sin derechos humanos. Los deshechos humanos –estrellas extintas- viajan en motocicleta, road to nowhere…y compiten en los JJOO. Como Jia sabe bien, las nuevas construcciones se depositan y descansan sobre las ruinas de otras más antiguas.
O: China(s) va(n) como una moto… hasta que se apague la máquina, o se quede sin madera.
COMENTARIOS DE VANGUARDIA
Impactos olímpicos: democracia o nacionalismo.
La exaltación del sentimiento nacionalista podría derivar en una China menos pacífica y que guíe su política exterior por derroteros más irracionales e inflexibles.
El “hallazgo” del nacionalismo ha coincidido con el auge del pragmatismo como idea y mentalidad dominante tanto en el Gobierno como en el pueblo chino. Desde tal perspectiva, el pueblo se hallaba en disposición de enriquecerse y, los dirigentes, de fomentar vías para acceder al poder y la riqueza. El pragmatismo, que es por definición un comportamiento no regido por valores ni principios firmes, se expresó gráficamente mediante la “teoría del gato” de Deng: es decir, “un gato, sea blanco o negro, es bueno mientras cace ratones”.
Todos quienes han querido gobernar China han debido impulsar y poner en práctica un programa de salvación nacional. Casi todos los destacados dirigentes chinos desde principios del siglo XX, desde Sun Yatsen y Chiang Kai Chek hasta Mao, Deng, Jiang Zemin y Hu Jintao, han compartido un hondo sentimiento de amargura por las humillaciones infligidas a China, decididos a restituir a China al lugar que le corresponde en el concierto de naciones-Estado.
El pueblo chino desconfía de que, incluso si el régimen evoluciona hacia la democracia, Estados Unidos se resigne a ver a China como un país más rico y fuerte. (…)
__________
(((PIEZA 2 – The Wu´s Lemma // “Fuck Cinema”, Wu Wenguang)))
CRI(P)TICA
Wu Wenguang: Primer Pilar de la “catedral sin Dios” (Berenice Reynaud) que configura la Otra China del cine del dragón (el así llamado NCD), junto con Jia Zhang-ke y Wang Bing. Cineasta pater de la Sexta Generación, Wu sigue a Astruc: “Llevaba conmigo la cámara DV como si fuese un boligrafo.” La revolución tecnológica provoca asimismo revoluciones sociales, nuevas formas de expresión: o sólo eso, formas de expresión. En Fuck Cinema, Wu, que abandonó el cine para enseñar a los campesinos a filmar con HD, compone un encendido panfleto a favor del cine independiente (o, como diría Jia, “el retorno amateur”), la libertad individual y el idealismo. Un llamamiento a la manifestación: Fuck Cinema(!) sigue los pasos de Wang Zhutian (“El que mata a Dios”), un campesino en Beijing con un sueño exultante y un guión autobiográfico entre manos: ser un extra y luego ser una estrella. En el camino (similar peregrinaje ciego al del mítico personaje del film de Kazuo Hara The Emperor´s Naked Army Marches on) veremos el contracampo de la industria cinematográfica (china): el éxito de los mediocres, la censura insalvable (“El problema es que refleja demasiado la realidad social”, le dirá un joven director a Wang), la trata de blancas. A Wu no le veremos: ¿Se ríe de Zhutian, o está de su parte? ¿Y tú?
Pantalla sucia, constantes fallos de renderización que producen segmentos poligonales de píxeles de colores maravillosos y un encantador ruido blanco de fondo.
El Lema de Wu: DIY, DRY.
COMENTARIOS DE VANGUARDIA
En la región de las nubes espesas levanté mi cabaña,
En el polvo del mundo se pierden ya mis huellas, me alejo sin cesar.
No me preguntes cómo pasa el tiempo.
Ante mi ventana corre el agua del arroyo, en la cabecera del lecho me acompañan mis libros.
Li Kiu Ling
________
(((PIEZA 3 – Mothlight // “Little Moth”, Xue Chan, 2007)))
CRI(P)TICA
El origen: “Tengo una niña para ti”. Little Moth, la niña que da título al film, es vendida por sus padres a un par de men
5:33
Gorgon Project Overview - Producing Liquefied Natural Gas in Australia
The Gorgon gas project is a natural gas project in Western Australia, involving the develo...
published: 06 Mar 2011
author: Ordons News
Gorgon Project Overview - Producing Liquefied Natural Gas in Australia
The Gorgon gas project is a natural gas project in Western Australia, involving the development of the Greater Gorgon gas fields, subsea gas-gathering infrastructure, and a liquefied natural gas (LNG) plant on Barrow Island.[2][3] The project also includes a domestic gas component. It is currently under construction and once completed, will become Australia's fourth LNG export development.[4]
Contents [hide]
1 Location
2 History
3 Gas fields
4 Developers
5 Scope
6 Benefits
7 Gas sales
7.1 LNG export agreements
7.2 Domestic gas
8 Criticisms
9 See also
10 References
11 External links
[edit]Location
'Greater Gorgon' refers to a grouping of several gas fields, including Gorgon, Chandon, Geryon, Orthrus, Maenad, Eurytion, Urania, Chrysaor, Dionysus, Jansz/Io, and West Tryal Rocks, situated in the Barrow sub-basin of the Carnarvon Basin) The Gorgon field is centered about 130 kilometres (81 mi) off the north-west coast of Western Australia, where the water depth is approximately 200 metres (660 ft). Other fields in the group lie to the north, such as Jansz-Io, which covers an area of 2,000 square kilometres (770 sq mi), in a water depth of 1,300 metres (4,300 ft).
Barrow Island lies off the Pilbara coast, 85 kilometres (53 mi) north-north-east of Onslow and 140 kilometres (90 mi) west of Karratha. The largest of a group of islands which include the Montebello and Lowendal Islands, it is 25 kilometres (16 mi) long and 10 kilometres (6.2 mi) wide, covering 235 square kilometres (91 sq mi).[2]
[edit]History
More than 200 exploration wells have been drilled in the Barrow sub-basin over the past 35 years, including West Tryal Rocks in 1972, and Spar in 1976 - both discovered by West Australian Petroleum (WAPET) which had been a pioneering company in the development of the Western Australian petroleum industry. WAPET was the operator on behalf of various joint ventures comprising Chevron, Texaco, Shell and Ampolex (the exploration division of Ampol). Chevron and Texaco merged in 2001, Mobil took over Ampolex, and later merged with Exxon to form Exxon-Mobil. In 2000, Chevron became the operator of all WAPET's petroleum assets.
WAPET discovered Gorgon in 1981 with the drilling of the Gorgon 1 well.[5] Later discoveries included Chrysaor (1994) and Dionysus (1996). The Jansz-Io gas accumulation, discovered in January 2000, contains an estimated 566 billion cubic meters of recoverable reserves.[5]
The project received preliminary environmental approvals from the West Australian government in September 2007 and from the Federal Minister for the Environment in the following month.[6][7] The project developers then submitted revised plans to cover an expansion in the size of the project. Final environmental approval was received from the state government on 11 August 2009.[8] On 26 August 2009, the Federal Environment Minister announced that the expanded project on Barrow Island had been given conditional environmental approval.[9]
During the 2007 Australian federal election campaign, the Australian Labor Party announced that a future Labor government would set aside 25% of future Petroleum Resource Rent Tax from the Gorgon project to establish a Western Australian Infrastructure Fund.[10]
[edit]Gas fields
The Gorgon and Jansz-Io gas fields, 200 kilometres (120 mi) from the coast are said to contain 40 trillion cubic feet (1.1×1012 m3) of natural gas and may have a lifespan of 60 years.[11]
[edit]Developers
The project is being developed by the Gorgon Joint Venture, which consists of Australian subsidiaries of three international energy companies:[12]
Chevron Australia (a subsidiary of Chevron) (47% share and project operator)
Shell Development Australia (a subsidiary of Royal Dutch Shell) (25%)
Mobil Australia Resources (a subsidiary of Exxon Mobil) (25%)
Osaka Gas (1.25%)
Tokyo Gas (1%)
Chubu Electric Power (0.417%)
[edit]Scope
300 ha of land has been acquired on Barrow Island
3x5 MTPA LNG Trains
15 million tonnes of LNG per year
300 terajoules per day domestic gas plant
Ground breaking occurred on December 1, 2009
First LNG in 2014
Production ends between 2054–2074 [13]
Using initially 18 wells, gas will be delivered via subsea gathering systems and pipelines to the north-west coast of Barrow Island, then via an underground pipeline system to gas treatment and liquefaction facilities on the island's south-east coast. The plant will consist of 3 liquefied natural gas (LNG) trains, each capable of producing a nominal capacity of five million tonnes per annum (MTPA).[2]
Carbon dioxide (CO2), which comprises around 15% of the raw gas stream, will be stripped out then injected into formations deep below the island. LNG and condensate, initially stored in onshore tanks, will be offloaded from a 2100m jetty onto LNG carriers and oil tankers, for delivery to overseas customers.Natural gas for domestic use will be exported by a 70 km subsea pipeline to the mainland, for transmission to local customers.[2]
Althou
Youtube results:
3:44
REFERENCIA DE PETROCHINA ENLACE 347. PUERTO BOLÍVAR - EL ORO
REFERENCIA DE PETROCHINA ENLACE 347. PUERTO BOLIVAR - EL ORO...
published: 09 Nov 2013
REFERENCIA DE PETROCHINA ENLACE 347. PUERTO BOLÍVAR - EL ORO
REFERENCIA DE PETROCHINA ENLACE 347. PUERTO BOLÍVAR - EL ORO
REFERENCIA DE PETROCHINA ENLACE 347. PUERTO BOLIVAR - EL ORO- published: 09 Nov 2013
- views: 561
1:55
Petro China's IPO
Petro China becomes the biggest company in the world messured by market value ($1trillion)...
published: 09 Nov 2007
author: Puntonghua
Petro China's IPO
Petro China's IPO
Petro China becomes the biggest company in the world messured by market value ($1trillion)- published: 09 Nov 2007
- views: 1861
- author: Puntonghua
4:29
Petro China's Cheap Sell-Off Needs Full Enquiry
Follow us on TWITTER: http://twitter.com/cnforbiddennews
Like us on FACEBOOK: http://www.f...
published: 12 Sep 2013
Petro China's Cheap Sell-Off Needs Full Enquiry
Petro China's Cheap Sell-Off Needs Full Enquiry
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews After the explosion of corruption from PetroChina, not only were the company's executives arrested one after another, but rumor has it recently that its subsidiary sold off state assets at rock bottom price. Someone, surnamed Zhou was said to be the biggest profiteer behind the deal. Cautious Mainland media outlets pointed out two guilty parties, Zhou Lingying and Zhou Feng. Who is this Zhou and who else is involved in this? Both questions have attracted attention and speculation from the outside world. On September 10, Mainland media outlets re-distributed an article published by the 21st Century Business Herald. The article entitled " CNPC's (China Natural Petroleum Corporation) subsidiary involved in selling of state assets, and surnamed Zhou as the one that profited most." According to the mainland A-share listed High-tech Development Company, revealed that Sichuan China Oil Group, a subsidiary of CNPC, and Hongfeng Potash Fertilizer Company Ltd. were alleged to have intentionally sold off state-owned assets well below their real value. Someone named Zhou Feng, the natural person, is alleged to have profited the most. Hongfeng Potash was jointly funded by Hongfeng Investment and China Oil: the former owns 90% and the latter 10%. Data shows that as of June 30 /2011, Hongfeng Potash's forecast of assets, valued at 50,712,500 yuan, but intangible assets were estimated to be 760 million, an appreciation up to 14 times. One of the most valued core assets is mining rights from Pingluoba, cost only 3.0041 million yuan but worth 715 million, an appreciation of 236 times. It is noteworthy that Hongfeng mining rights came from Sichuan China Oil with a 3 million investment. A Shanghai fund manager: Sichuan China Oil gave away its exploration rights for a return of 10% of the company, which really makes no sense because a company's core assets are its mining rights and permits. The mining directors of a listed company also pointed out that "Sichuan China Oil" must know the value of its assets, trading them for 10% of a company is indeed unjustifiable. Clearly, these mining rights and permits belonged to CNPC, but now they go to Zhou in person and become his money tree. Li Shan Jian, China issues commentator: "The whole series of events is not based on normal transparent business procedures. And its purpose is to transfer the state owned assets into the pockets of greedy individuals. Who can make this happen?" However, even more strange is the Hongfeng investment's background. Statistics show that "Hongfeng Investments" was established in March 2005. Tung Chun Group Limited invested 49 million yuan, accounting for 49%; Beijing Hong Han Investment Limited" invested 43 million yuan, accounting for 43%. However, Zhou Lingying now owns Beijing Hong Han. Data from the Beijing Industry and Commerce Bureau shows that Hongfeng and Beijing-Hong Han are both registered at Dongcheng District, Beijing New Poly Plaza, 17th floor unit 17A and 17B1 unit respectively. However, the 21st Century Economic Report points out that the major shareholder of Tung Chun Group is not Hongfeng potash, but Chairman Zhou Feng of Beijing Hong Han. Zhou Lingying is only in charge of the holdings for Zhou Feng, who owns controlling shares in far more than those of the Tung Chun Group." A financial professional in Hong Kong said that according to Jiangsu Long Cheng, Law Firm's business information that Zhou Lingying is the sister of Zhou Yongkang, former Secretary of Politics and Law Committee! Dr. Ye Ke, at the University of Southern California, Public Policy Division, pointed out that now we know the direct link of Zhou natural person and Zhou Lingying. They are Zhou Yongkang's relatives. Thus, the investigation is closing in on Zhou Yongkang, who can no longer escape. Dr.Ye Ke:The CCP first arrested Wu Bin, Zhou's immediate subordinate in CNPC, then Zhou's pocket book, Jiang Jiemin. Now media outlets outed Zhou natural person, and it seems Zhou Yongkang is doomed. Li Shan Jian: "Before they even get to Zhou, the figure has already reached billions. Therefore, Zhou would have no room to maneuver when judgment day comes." However, Zhou Feng, Zhou natural person, was received by Secretary of Sichuan Dazhou and Chairman of Dazhou Municipal People's Congress, and his true identity needs further exposure. 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/- published: 12 Sep 2013
- views: 0