Subscribe free to our newsletters via your
. Military Space News .




ENERGY TECH
Kuwaiti MP questions oil deal with China
by Staff Writers
Kuwait City (AFP) April 30, 2012


A Kuwaiti opposition MP on Monday questioned what he called a "suspicious" deal to supply China's Sinopec with 300,000 barrels per day of oil for 10 years.

The deal involves "several legal, administrative and technical violations," charged MP Mubarak al-Waalan.

In a series of questions to Oil Minister Hani Hussein, the lawmaker claimed the deal, signed in November, was concluded without obtaining the mandatory prior approvals of the government legal and accounting authorities.

The deal was not also authorised by the board of directors of Kuwait Petroleum Corp. (KPC), the emirate's national oil conglomerate, as required by the law and also involved unjustified financial facilities, the MP alleged.

Waalan, a member of the opposition which has a majority in parliament, demanded a copy of the contract and asked the minister if it involves any loss to Kuwait's public funds.

He also asked Hussein, who was appointed in February, to explain the financial facilities and guarantees provided to the state-owned Chinese firm as part of the agreement.

KPC and Sinopec are involved in a separate $9-billion joint venture to build a refinery and a petrochemicals complex in China's southern Guangdong province.

France's energy giant Total has taken 40 percent of KPC's share or 20 percent of the venture.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
OriginOil Technology Recovers 98% of Hydrocarbons in Oil and Gas Production Water
Los Angeles CA (SPX) Apr 30, 2012
OriginOil has announced that in recent independent third-party testing OriginOil's algae harvesting process was able to remove 98% of hydrocarbons from a sample of West Texas oil well 'frac flowback' water in the first stage alone. The results point to a potentially valuable application of the company's core water processing technology, originally invented for algae harvesting. Frac ... read more


ENERGY TECH
Lockheed Martin PAC-3 Missile Successfully Intercepts Cruise Missile Target During Integrated Flight Test

Lockheed Martin PAC-3 Missile Intercepts Cruise Missile Target During Integrated Flight Test

Russia's new air defense systems: Pantsir to shield S-400

An ABM "Umbrella" with tripple lining

ENERGY TECH
Israeli helicopters get missile shield

London apartment block set to host missiles for Olympics

N. Korea 'missiles' at parade were mock-ups: experts

US Navy Fires Raytheon Griffin Missile From RAM Launcher

ENERGY TECH
Northrop Grumman to Upgrade Fire Scout Unmanned Helicopter for US Navy

Pakistan reiterates drone opposition as US envoy visits

US Army Places $20.4 Million Order for AeroVironment RQ-20A Puma AE Small Unmanned Aircraft Systems

Russia to Test Fly First Combat Drone in 2014

ENERGY TECH
Fourth Boeing-built WGS Satellite Accepted by USAF

Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

Northrop Grumman Wins Contract for USAF Command and Control Modernization Program

TacSat-4 Enables Polar Region SatCom Experiment

ENERGY TECH
US deploys F-22 fighter jets to UAE: officials

Northrop Grumman Wins U.S. Air Force Electronic Attack Pod Upgrade Program

Libya honours chemical weapons plan deadline: OPCW

Northrop Grumman Wins USAF Electronic Attack Pod Upgrade Program

ENERGY TECH
US seeks to reassure Italy on costly F-35 fighter

Altran to expand in India

Brazil to get tech transfer if it buys US jets: Panetta

US looks to ease Brazil doubts over tech transfers

ENERGY TECH
China, US face damaging fallout from activist's flight

Obama, Japanese PM meet at White House

US to pull 9,000 Marines from southern Japan

Russia hosts China's premier-in-waiting

ENERGY TECH
First Atomic-Scale Real-Time Movies of Platinum Nanocrystal Growth in Liquids

Nanodot-based memory sets new world speed record

Nanocrystal-coated fibers might reduce wasted energy

High-res atomic imaging of specimens in liquid by TEM using graphene liquid cell




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement