Subscribe free to our newsletters via your
. Space Travel 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
Indian rocket being fuelled for Risat-1 launch

Assembly begins for the third Ariane 5 to be launched in 2012

ILS Proton Successfully Launches Y1B Satellite For Yahsat

SpaceX aims for May 7 launch to ISS

ENERGY TECH
New form of Mars lava flow dicovered

100 Days and Counting to NASA's Curiosity Mars Rover Landing

Durable NASA Rover Beginning Ninth Year of Mars Work

Surviving the conditions on Mars

ENERGY TECH
India's second moon mission Chandrayaan-2 to wait

European Google Lunar X Prize Teams Call For Science Payloads

Russia to Send Manned Mission to Moon by 2030

NASA Contract to Astrobotic Technology Investigates Prospecting for Lunar Resources

ENERGY TECH
Uranus auroras glimpsed from Earth

Herschel images extrasolar analogue of the Kuiper Belt

New Horizons on Approach: 22 AU Down, Just 10 to Go

New Horizons Aims to Put Its Stamp on History

ENERGY TECH
Three Earthlike planets identified by Cornell astronomers

Some Stars Capture Rogue Planets

ALMA Reveals Workings of Nearby Planetary System

UF-led team uses new observatory to characterize low-mass planets orbiting nearby star

ENERGY TECH
ORBITEC and Sierra Nevada Space Systems Begin Testing Dream Chaser Life Support and Thermal Systems

J-2X Engine Ready For Second Test Series

Crash of hypersonic test craft analyzed

The 'Missile Woman' behind Indian test launch

ENERGY TECH
China's Lunar Docking

Shenzhou-9 may take female astronaut to space

China to launch 100 satellites during 2011-15

Three for Tiangong

ENERGY TECH
Dawn Reveals Secrets of Giant Asteroid Vesta

US firm plans to mine asteroids

Dawn Gets Extra Time to Explore Vesta

NASA Mission Wants Amateur Astronomers to Target Asteroids




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