DOCSLIB.ORG

Trends in Asian National Oil Company Investment Abroad: an Update

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Trends in Asian National Oil Company Investment Abroad: an Update Trends in Asian National Oil Company Investment Abroad: An update A Working Paper by Glada Lahn November 2007 Trends in National Oil Company Investment Abroad: An update, Chatham House Working Paper: November 2007. © Royal Institute of International Affairs 2007 This material is offered free of charge for personal and non-commercial use, provided the source is acknowledged. For commercial or any other use, prior written permission must be obtained from the Royal Institute of International Affairs. In no case may this material be altered, sold or rented. Chatham House (the Royal Institute of International Affairs) is an independent body which promotes the rigorous study of international questions and does not express opinion of its own. The opinions expressed in this publication are the responsibility of the authors. Chatham House, 10 St James’s Square, London, SW1Y 4LE T: +44 (0) 20 7957 5700 F: +44 (0) 20 7957 5710 www.chathamhouse.org.uk Charity Registration No. 208 223 Glada Lahn is Junior Research Fellow at the Energy, Environment and Development Programme at Chatham House. She specialises in issues of oil sector governance and related development in oil and gas producing countries. The author is grateful to Juliet Kerr for her research assistance and to colleagues and associates involved in the Asian National Oil Company Investments Abroad project. 2 Trends in National Oil Company Investment Abroad: An update, Chatham House Working Paper: November 2007. Table of contents Introduction........................................................................................................... 5 Part I: Investment developments ........................................................................... 6 Investment hot spots....................................................................................................... 6 Central Asia ...................................................................................................................... 6 Myanmar ........................................................................................................................... 7 Acquiring private companies ......................................................................................... 8 Asian investor – host producer relations...................................................................... 9 Assertive producers ........................................................................................................ 9 Vulnerability to local conflict............................................................................................ 9 Workers welfare and company practice ....................................................................... 10 Corporate responsibility schemes ................................................................................ 11 NOC-NOC cooperation................................................................................................. 11 Opportunities for western companies in China.......................................................... 12 Western producers ........................................................................................................ 12 Part II: International approaches to Asian demand and investment and Asian Responses........................................................................................................... 13 International responses to Asian energy needs ............................................... 13 Energy cooperation....................................................................................................... 13 Ethical concerns ............................................................................................................ 14 Iran sanctions ............................................................................................................... 14 Darfur campaigns ......................................................................................................... 14 Chinese engagement.................................................................................................... 14 International reconciliation ............................................................................................ 15 Appendix 1: ANOC data updated .......................................................................... 17 a) Company Financials 2005-2006 ....................................................................... 17 b) ANOC’s Oil and Natural Gas Production and Reserve Values 2006................ 18 Appendix 2: Recent ANOC investments abroad.................................................. 19 3 Trends in National Oil Company Investment Abroad: An update, Chatham House Working Paper: November 2007. Note This working paper is the result of desk based research conducted as part of a major Chatham House project on Asian National Oil Company Investments Abroad: Industry trends and impacts on development . The author has tried to provide accurate data but would be grateful for corrections of errors and omissions 4 Trends in National Oil Company Investment Abroad: An update, Chatham House Working Paper: November 2007. Introduction In March, we published a study on the drivers for Asian national oil company (ANOC) global expansion and emerging investment trends. 1 This paper provides a short update on the major acquisitions and company and political developments that have taken place in the interim. Gaining direct access to oil and gas resources abroad features - to varying degrees of priority - in the energy policies of China, India, Japan, Malaysia and South Korea. It is also part of an international surge to expand trade and diplomatic links in developing markets and, particularly in the cases of China and India, to increase international political leverage. This agenda has entailed strong government support for NOC activities abroad. In the West, seemingly extravagant bids for oil and gas acreage have provoked fears of unfair competition and concerns that established standards of corporate governance will be threatened. At best, the media have portrayed this trend as an opportunity for developing producer countries to break their dependence on the West, at worst, as a resource grab presaging a new era of Eastern imperialism and energy mercantilism. 2 Our project seeks to monitor the trends, involve Asian expertise and provide an analytical assessment of their current and potential impact on development, competition and geopolitical relations. Our initial study concluded that some fears were groundless. In terms of foreign equity oil production, ANOC’s effect on the world oil market is minimal (about 2% of world production in 2005-6) and unlikely to challenge supplies to other consuming countries in the foreseeable future. There have been few significant producing assets won in competition with private oil companies to date (although the future production from exploratory acreage and the acquisition of producing company assets could change this) and high bids reflect the premium for latecomers. Above all, our paper highlighted the increasingly corporate drive behind the investment strategies of these NOCs and thus the need to better understand company development in relation to international and host country responses, as well as political direction from shareholder governments. The first part of this update covers looks at areas that have dominated investment news and where several Asian oil companies are active, and then at ANOC relations with host countries and other oil companies. The second part considers the ongoing dialogue between the international community and the Asian consumer countries regarding energy demand and investment choices. 1 See the Chatham House Briefing Paper: ‘Oil for Asia’ and the Working Paper: ‘Trends in Asian national oil company investment abroad’, Chatham House, March, 2007. 2 With 90% of world oil reserves under the control of state-owned and not market driven companies, analysts often express concern that bilateral long-term supply contracts will undermine the market. See for example, S. Miller. ‘Will "Private" Oil Sink the NYMEX?’, an investment U White Paper Report, Crude Oil Forecast, May 22, 2007. 5 Trends in National Oil Company Investment Abroad: An update, Chatham House Working Paper: November 2007. Part I: Investment developments Company news in brief * Chinese NOCs increased their activities on several fronts, most significantly in Turkmenistan and the Canadian oil sands. Negotiations over the Yadavaran oil field (Sinopec) and the South Pars gas field (CNPC) in Iran continued but with no conclusion to date. In early September 2007, PetroChina secured significant Australian LNG supply deals and CNOOC won an exploration contract in offshore Western Australia. Indian NOCs won access to several offshore exploration blocks in Libya, Columbia and Myanmar (ONGC Videsh Ltd) and entered Turkmenistan for the first time (ONGC Mittal Energy Ltd (OMEL)). Indian private companies increased their assets abroad. These included Mittal Investments in Kazakhstan (Apr 07) and Essar in Nigeria (May 07). Malaysian NOC, PETRONAS finalised a gas block development deal with the Ethiopian government. The company’s annual report recorded a marked increase in the share of total profits from international ventures for FY07. In June, the Korean Ministry of Commerce, Industry and Energy announced a surge in investments on foreign oil and gas development over the coming year. Two months later, Korean National Oil Company (KNOC) made its first entry into
Load more

Recommended publications
  • 14TH OGIF Participant List.Xlsx
    14th U.S. ‐ CHINA OGIF PARTICIPANT LIST No. First Name Last Name Title Organization CHINA DELEGATION 1 Zhangxing Chen General Manager Calgary International Oil and Gas Technology Co. Ltd 2 Li He Director Cheng Du Development and Reforming Commission 3 Zhaohui Cheng Vice President China Huadian Engineering Co. Ltd 4 Yong Zhao Assistant President China Huadian Engineering Co. Ltd 5 Chunwang Xie General Manager China Huadian Green Energy Co. Ltd 6 Xiaojuan Chen Liason Coordinator China National Offshore Oil Corp. 7 Rongguang Li Vice President China National Offshore Oil Corp. 8 Wen Wang Analyst China National Offshore Oil Corp. 9 Rongwang Zhang Deputy GM China National Offshore Oil Corp. 10 Weijiang Liu Director China National Petroleum Cooperation 11 Bo Cai Chief Engineer of CNPC RIPED‐Langfang China National Petroleum Corporation 12 Chenyue Feng researcher China National Petroleum Corporation 13 Shaolin Li President of PetroChina International (America) Inc. China National Petroleum Corporation 14 Xiansheng Sun President of CNPC Economics & Technology Research Institute China National Petroleum Corporation 15 Guozheng Zhang President of CNPC Research Institute（Houston） China National Petroleum Corporation 16 Xiaquan Li Assistant President China Shenhua Overseas Development and Investment Co. Ltd 17 Zhiming Zhang President China Shenhua Overseas Development and Investment Co. Ltd 18 Zhang Jian deputy manager of unconventional gas China United Coalbed Methane Corporation Ltd 19 Wu Jianguang Vice President China United Coalbed Methane Corporation Ltd 20 Jian Zhang Vice General Manager China United Coalbed Methane Corporation Ltd 21 Dongmei Li Deputy Director of Strategy and Planning Dept. China Zhenhua Oil Co. Ltd 22 Qifa Kang Vice President China Zhenhua Oil Co.
    [Show full text]
  • Negativliste. Fossil Energi
    Bilag 6. Negativliste. Fossil energi Maj 2017 Læsevejledning til negativlisten: Moderselskab / øverste ejer vises med fed skrift til venstre. Med almindelig tekst, indrykket, er de underliggende selskaber, der udsteder aktier og erhvervsobligationer. Det er de underliggende, udstedende selskaber, der er omfattet af negativlisten. Rækkeetiketter Acergy SA SUBSEA 7 Inc Subsea 7 SA Adani Enterprises Ltd Adani Enterprises Ltd Adani Power Ltd Adani Power Ltd Adaro Energy Tbk PT Adaro Energy Tbk PT Adaro Indonesia PT Alam Tri Abadi PT Advantage Oil & Gas Ltd Advantage Oil & Gas Ltd Africa Oil Corp Africa Oil Corp Alpha Natural Resources Inc Alex Energy Inc Alliance Coal Corp Alpha Appalachia Holdings Inc Alpha Appalachia Services Inc Alpha Natural Resource Inc/Old Alpha Natural Resources Inc Alpha Natural Resources LLC Alpha Natural Resources LLC / Alpha Natural Resources Capital Corp Alpha NR Holding Inc Aracoma Coal Co Inc AT Massey Coal Co Inc Bandmill Coal Corp Bandytown Coal Co Belfry Coal Corp Belle Coal Co Inc Ben Creek Coal Co Big Bear Mining Co Big Laurel Mining Corp Black King Mine Development Co Black Mountain Resources LLC Bluff Spur Coal Corp Boone Energy Co Bull Mountain Mining Corp Central Penn Energy Co Inc Central West Virginia Energy Co Clear Fork Coal Co CoalSolv LLC Cobra Natural Resources LLC Crystal Fuels Co Cumberland Resources Corp Dehue Coal Co Delbarton Mining Co Douglas Pocahontas Coal Corp Duchess Coal Co Duncan Fork Coal Co Eagle Energy Inc/US Elk Run Coal Co Inc Exeter Coal Corp Foglesong Energy Co Foundation Coal
    [Show full text]
  • Iran Divestment Report 2012 (PDF)
    Board of Regents, State of Iowa A. Total Universe of Companies Per Conflict Resolution Network (formerly Sudan Divestment Task Force) B. Summary of all written notices sent C. Total Positions Divested As of: June 30, 2012 1 A. Total Universe of SUDAN Scrutinized Companies As of May 31,2012 COMPANY CATEGORY Alstom Highest Offender Alstom Projects India Highest Offender Alstom Power Transformers Highest Offender Wuhan Boiler Company Highest Offender AREF Energy Holding Company Highest Offender Higleig Petroleum Services and Investment Co. Ltd Highest Offender AviChina Industry & Technology Highest Offender Hafei Aviation Industry Co Highest Offender Harbin Dongan Auto Engine Co. Highest Offender Caterpillar Inc. Highest Offender Caterpillar Credito Highest Offender Caterpillar Finance Corp Highest Offender Caterpillar Financial Australia Ltd Highest Offender Caterpillar Financial Services Corp Highest Offender Caterpillar International Finance Ltd Highest Offender Caterpillar Used Equipment Services International SARL Highest Offender F.G. Wilson Engineering Ltd Highest Offender Perkins Engineers Co. Ltd Highest Offender China Gezhouba Group Company Highest Offender China Hydraulic & Hydroelectric Construction Group (Sinohydro) Highest Offender Sinohydro Group Ltd Highest Offender China North Industries Group Corp (CNGC/NORINCO) Highest Offender AKM Industrial Co. Ltd. Highest Offender China North Industries Corporation (NORINCO) Highest Offender Liaoning Huajin Tongda Chemicals Highest Offender North Navigation Control Technology Co. Ltd Highest Offender NORINCO International Cooperation Ltd Highest Offender Sichuan Nitrocell Co. Ltd Highest Offender China National Petroleum Corp (CNPC) Highest Offender China Petroleum Finance Co Ltd Highest Offender CNPC Golden Autumn Ltd Highest Offender CNPC HK Overseas Capital Ltd Highest Offender CNPC General Capital Limited Highest Offender Daqing Huake Group Co. Ltd Highest Offender Jinan Diesel Engine Co.
    [Show full text]
  • A Comparison of Natural Gas Pricing Mechanisms of the End-User Markets in USA, Japan, Australia and China
    A Comparison of Natural Gas Pricing Mechanisms of the end-user markets In USA, Japan, Australia and China China-Australia Natural Gas Technology Partnership Fund 2013 Leadership Imperative Li Yuying, SHDRC Li Jinsong, CNOOC Gas and Power Group Yu Zhou, Guangdong Dapeng LNG Co Ltd. Wang Zhang, Guangdong Dapeng LNG Co Ltd. August 6th, 2013 1 Table of Contents Acknowledgements..........................................................................................................6 Executive Summery .........................................................................................................7 01 Introduction .......................................................................................................................8 1.1 Background ...........................................................................................................8 1.2 Definition of Pricing Mechanism ...........................................................................9 1.3 Overall Purpose of this Project ...............................................................................9 1.4 Proposed Outcome ............................................................................................... 10 1.5 Structure of the Report ......................................................................................... 10 02 Gas Market & Pricing Mechanism in USA ...................................................................... 10 2.1 USA Natural Gas Demand ..................................................................................
    [Show full text]
  • International Energy Executive Forum 2018 12-13 December 2017 | Beijing, China
    Co-hosts: International Energy Executive Forum 2018 12-13 December 2017 | Beijing, China PARTNERSHIP PROSPECTUS IEEF FORUM SUMMARY PARTICIPANTS To help energy industry participants identify critical Over 300 delegates from across the globe, including senior corporate trends in global energy and to assess the impact that executives, government officials, as well as industry experts and thought these trends may have on companies and governments, leaders. Executive functions of participants include strategic planning, research & development, technologies, finance, operations sales & marketing, as well as CNPC Economics & Technology Research Institute (ETRI) business development. and IHS Markit are jointly hosting the International Energy Executive Forum in Beijing. SPEAKERS Speakers include top Chinese energy officials, Chinese state company Now in its fifth year, this year’s Forum will be held executives, international energy company executives, leaders from service providers such as oilfield services, equipment and engineering, legal and on 12-13 December 2017, with the theme “Energy finance, and leading think tanks. at Crossroads: Seeking New Balance”. In this year’s expanded focus from ‘Oil and Gas’ to ‘Energy’, we look to address the many fuels and technologies – both old and new – outside the oil and gas business that will likely become increasingly important for industry participants. © 2017 IHS Markit IEEF FORUM SUMMARY Bai Changbo, Vice President, BP China RECENT SPEAKERS: Nobuo Tanaka, Global Associate, Institute Daniel Yergin,
    [Show full text]
  • Final Cover 2010-E
    The Secretary General's 37 The Secretary Organization of Arab Petroleum Exporting Countries (OAPEC) th Annual Report A.H. 1430 - 1431 / A.D. 2010 A.H. 1430 - 1431 / The Secretary General's 37th Annual Report Organization of Arab Petroleum Exporting Countries (OAPEC) ORGANIZATION OF ARAB PETROLEUM EXPORTING COUNTRIES (OAPEC) All rights reserved. The Organization of Arab Petroleum Exporting Countries (OAPEC), 2010. ORGANIZATION OF ARAB PETROLEUM EXPORTING COUNTRIES (OAPEC) P.O. Box 20501Safat, 13066 kuwait Kuwait Tel.: (00965) 24959000 - Faxmaill: (00965) 24959755 E.mail: [email protected] www.oapecorg.org ORGANIZATION OF ARAB PETROLEUM EXPORTING COUNTRIES (OAPEC) The Ministerial Council H.E. Youcef Yousfi(1) People’s Democratic Republic of Algeria H.E. Dr. Abdul Hussein bin Ali Mirza Kingdom of Bahrain H.E. Eng. Samih Samir Fahmy Arab Republic of Egypt H.E. Abdul-Kareem Luaibi Bahedh(2) Republic of Iraq H.E. Shaikh Ahmad Al Abdullah Al-Ahmad Al-Sabah State of Kuwait H.E. Dr. Shokri Mohammad Ghanim Libya H.E. Abdullah bin Hamad Al-Attiyah State of Qatar H.E. Eng. Ali bin Ibrahim Al-Naimi Kingdom of Saudi Arabia H.E. Eng. Sufian Al-Alaw Syrian Arab Republic H.E. Mohammad Bin Dhaen Al-Hamly United Arab Emirates (1) Succeeded H.E. Dr. Chakib Khelil in May 2010 (2) Succeeded H.E. Dr. Hussein Al-Sharhastani in December 2010 ORGANIZATION OF ARAB PETROLEUM EXPORTING COUNTRIES (OAPEC) The Executive Bureau Mr. Mohamed Ras Al Kaf People’s Democratic Republic of Algeria Mr. Ali Abdul Jabar Al-Sawad Kingdom of Bahrain Mr. Eng. Ahmad Saeed Al Ashmawi Arab Republic of Egypt Mr.
    [Show full text]
  • Sebuah Kajian Pustaka
    International Journal of Physical Sciences and Engineering Available online at http://sciencescholar.us/journal/index.php/ijpse Vol. 1 No. 1, April 2017, pages: 1~39 e-ISSN : 2550-6943, p-ISSN : 2550-6951 http://dx.doi.org/10.21744/ijpse.v1i1.2 Sustainable Development and Environmentally Friendly Energy Systems Abdeen Mustafa Omer a Article history: Received 5 January 2017; Accepted in revised form form 4 February 2017; Approved 10 February 2017; Available online 15 February 2017 Correspondence Author a Abstract People are relying upon oil for primary energy and this will continue for a few more decades. Other conventional sources may be more enduring, but are not without serious disadvantages. The renewable energy resources are particularly suited for the provision of rural power supplies and a major advantage is that equipment such as flat plate solar driers, wind machines, etc., can be constructed using local resources. Without the advantage results from the feasibility of local maintenance and the general encouragement such local manufacture gives to the buildup of small-scale rural based industry. This communication comprises a Keywords comprehensive review of energy sources, the environment, and sustainable development. It includes the renewable energy Energy efficiency; technologies, energy efficiency systems, energy conservation Environment; scenarios, energy savings in greenhouses environment and other Renewable energy; mitigation measures necessary to reduce climate change. This Sustainable development; study gives some examples of small-scale energy converters, Technologies; nevertheless it should be noted that small conventional, i.e., engines are currently the major source of power in rural areas and will continue to be so for a long time to come.
    [Show full text]
  • PETROBRAS-CHINA RELATIONS: TRADE, INVESTMENTS, INFRASTRUCTURE PROJECTS and LOANS1 Pedro Henrique Batista Barbosa2
    PETROBRAS-CHINA RELATIONS: TRADE, INVESTMENTS, INFRASTRUCTURE PROJECTS AND LOANS1 Pedro Henrique Batista Barbosa2 Petrobras’ expansion over the last years is linked to one foreign country: China. After the discovery of the pre-salt oil, the company’s relation with Chinese players has evolved rapidly in four directions: trade, investments, infrastructure projects, and loans. Chinese actors have become relevant crude importers, production partners, service providers, and funding options. China became Petrobras’ main export destination and the origin of the majority of its external loans, which have helped it to expand production and honor its financial commitments. From China’s perspective, Petrobras is a reliable crude supplier, besides being an increasingly relevant destination of investments and technical, operational, and financial services. In each of the four pillars, the progress of bilateral relations was based upon complementary circumstances, such as China’s skyrocketing imports and Petrobras’ burgeoning exports. However, beyond complementarity, Petrobras-China oil cooperation has significant challenges. Keywords: China; Petrobras; oil; trade; FDI; infrastructure projects; loans. AS RELAÇÕES PETROBRAS-CHINA: COMÉRCIO, INVESTIMENTOS, PROJETOS DE INFRAESTRUTURA E EMPRÉSTIMOS A expansão da Petrobras nos últimos anos está ligada a um país estrangeiro: China. Após a descoberta do petróleo do pré-sal, a relação da empresa com os atores chineses evoluiu rapidamente em quatro direções: comércio, investimentos, projetos de infraestrutura e empréstimos. Empresas e bancos chineses tornaram-se importantes importadores de petróleo, parceiros em extração, provedores de serviços e opções de financiamento. A China passou a ser o principal destino das exportações da Petrobras e a origem da maioria dos seus empréstimos externos, o que a ajudou a expandir sua produção e equilibrar seus compromissos financeiros.
    [Show full text]
  • Chinese Nocs' Overseas Strategies
    THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY CHINESE NOCS’ OVERSEAS STRATEGIES: BACKGROUND, COMPARISON AND REMARKS BY XIAOJIE XU CNPC RESEARCH ACADEMY OF ECONOMICS AND TECHNOLOGY PREPARED IN CONJUNCTION WITH AN ENERGY STUDY SPONSORED BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY AND JAPAN PETROLEUM ENERGY CENTER RICE UNIVERSITY – MARCH 2007 THIS PAPER WAS WRITTEN BY A RESEARCHER (OR RESEARCHERS) WHO PARTICIPATED IN THE JOINT BAKER INSTITUTE/JAPAN PETROLEUM ENERGY CENTER POLICY REPORT, THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS. WHEREVER FEASIBLE, THIS PAPER HAS BEEN REVIEWED BY OUTSIDE EXPERTS BEFORE RELEASE. HOWEVER, THE RESEARCH AND THE VIEWS EXPRESSED WITHIN ARE THOSE OF THE INDIVIDUAL RESEARCHER(S) AND DO NOT NECESSARILY REPRESENT THE VIEWS OF THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY NOR THOSE OF THE JAPAN PETROLEUM ENERGY CENTER. © 2007 BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY OF RICE UNIVERSITY THIS MATERIAL MAY BE QUOTED OR REPRODUCED WITHOUT PRIOR PERMISSION, PROVIDED APPROPRIATE CREDIT IS GIVEN TO THE AUTHOR AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY ABOUT THE POLICY REPORT THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS Of world proven oil reserves of 1,148 billion barrels, approximately 77% of these resources are under the control of national oil companies (NOCs) with no equity participation by foreign, international oil companies. The Western international oil companies now control less than 10% of the world’s oil and gas resource base. In terms of current world oil production, NOCs also dominate.
    [Show full text]
  • An Analysis of Select Companies' Operations in Sudan: a Resource
    An Analysis of Select Companies’ Operations in Sudan: A Resource for Divestment February 10, 2005 A Report by The Allard K. Lowenstein International Human Rights Clinic and The Allard K. Lowenstein International Human Rights Project Yale Law School 1 1 Contributors to this report included Alicia Bannon, Aliza Cover, Neela Ghoshal, Deborah Marcuse, Nick Robinson, and Sachin Shivaram. If you have questions about this report, please email [email protected]. Table of Contents I. Introduction 1 II. History of the Genocide in Darfur 2 III. Positions on Divestment of Universities and State Legislatures, as well as Regional Experts and NGOs 6 IV. Link Between Foreign Companies Doing Business in Sudan and Genocide 11 V. Company Profiles 18 I. Introduction This report was written by the Allard K. Lowenstein International Human Rights Clinic at Yale Law School, in conjunction with the Lowenstein International Human Rights Project,2 as a resource in understanding companies’ business activities in Sudan. It was written in light of a movement in the United States for various institutions to divest from companies that support the Government of Sudan while it commits genocide in Darfur, Sudan. The purpose of this report is to provide factual information and analysis of select companies’ involvement in Sudan. Although this document was created to support the efforts of those in the divestment movement, it does not make recommendations on whether to divest from specific companies. Some argue for blanket divestment from companies doing any business in Sudan. Others argue for more narrowly tailored and targeted divestment. This report does not take sides in this argument but provides information and analysis that can be used to understand particular companies’ roles in Sudan.
    [Show full text]
  • Ga-Sudan092613-Pdf83154af4.Pdf
    Board of Regents, State of Iowa Public Fund SUDAN Divestment Report A. Total Universe of Companies Per Conflict Resolution Network (formerly Sudan Divestment Task Force) B. Summary of all written notices sent C. Total Positions Divested D. Holdings As of: June 30, 2013 H:\BF\Legislative\2013 Session\responses\SUDANGeneral Assembly Report 10-1-13.xlsHEADER A. Total Universe of SUDAN Scrutinized Companies As of June 30, 2013 COMPANY CATEGORY Alstom Scrutinized Alstom India Ltd Scrutinized Areva T&D India Ltd Scrutinized Wuhan Boiler Company Scrutinized Higleig Petroleum Services and Investment Co. Ltd Scrutinized Atlas Copco AB Scrutinized AviChina Industry & Technology Company Ltd. Scrutinized Hafei Aviation Industry Co Scrutinized Harbin Dongan Auto Engine Co. Scrutinized Caterpillar Inc. Scrutinized Caterpillar Credito, S.A. de C.V. SOFOM E.N.R. Scrutinized Caterpillar Finance Corp Scrutinized Caterpillar Financial Australia Ltd Scrutinized Caterpillar Financial Services Corp Scrutinized Caterpillar International Finance Ltd Scrutinized Caterpillar Used Equipment Services International SARL Scrutinized F.G. Wilson Engineering Ltd Scrutinized Perkins Engineers Co. Ltd Scrutinized China Gezhouba Group Company Scrutinized China Hydraulic & Hydroelectric Construction Group (Sinohydro) Scrutinized Sichuan Power Development Co. Ltd. Scrutinized Sinohydro Group Ltd Scrutinized Sinohydro Bureau 7 Co Ltd Scrutinized China National Petroleum Corp (CNPC) Scrutinized China National United Oil Corp Scrutinized China Petroleum Engineering & Construction Corp Scrutinized CNPC HK Overseas Capital Ltd Scrutinized CNPC General Capital Limited Scrutinized CNPC Golden Autumn Ltd. Scrutinized Daqing Huake Group Co. Ltd Scrutinized Jinan Diesel Engine Co. Ltd Scrutinized Kunlun Energy Co. Ltd Scrutinized PetroChina Co. Ltd Scrutinized China North Industries Group Corp (CNGC/NORINCO) Scrutinized AKM Industrial Co.
    [Show full text]
  • BICOM Briefing | UK-China Relations and the Changing Middle East
    BICOM Briefing | UK-China relations and the changing Middle East NOVEMBER 2019 Executive Summary largest trading partner with Iran with trade read- ing $37.14bn. In 2008, China surpassed Russia as In April 2019, the UK Foreign Affairs Select Com- Iran’s largest arms supplier, and has been a key mittee (FASC) argued that UK strategy vis-à-vis partner in Iran’s military modernisation and nucle- China is not based on the reality of “a more am- ar development, as well as supporting the devel- bitious, more confident, and more assertive” opment of Iran’s own domestic military production foreign policy by the Chinese Communist Party capabilities. under President Xi Jinping. Subsequently, the FASC called for the Government to develop a sin- The UK and China are on opposing sides in the gle, detailed, public document defining the UK’s Syrian civil war. The UK has been at the forefront China strategy by the end of 2020. of calls for Syrian President Bashar al-Assad to leave office as part of a transition to a new gov- The FASC report noted that Chinese investment ernment. China has adopted the Russian narra- in the Middle East need not inherently conflict tive that the Assad regime is a bulwark against with British interests. However, China’s econom- Islamic extremism in the region, and Beijing has ic footprint in the region has increased substan- justified Russia’s military role as “part of interna- tially over the last decade and it is believed that, tional counterterrorism efforts”. at some point, China’s political engagement (and possibly military activity) in the region will have China remains a human rights ‘priority coun- to increase in order for it to protect its economic try’ for the UK with the primary concern the gov- interests.
    [Show full text]