subject: Sinopec: Angola project has countless Supremacy - Sinopec, in Angola - the chemical industry [print this page] Sinopec: Angola project has countless Supremacy - Sinopec, in Angola - the chemical industry
HC Chemical Network Information, since the first document listed Sinopec oil and gas assets overseas to 2.457 billion U.S. dollars into the deal price, high price is reasonable? Cooperation Partnership with Sinopec Group has what countless secret relationship? All wrapped in a mystery which.
2010 3 26, the China Petrochemical disclosure: 2.457 billion U.S. dollars to acquire a 55% stake in SSI. SSI company is mainly engaged in Oil And Natural gas Exploration, development and production, with Angola Block 18 50% interest. Sinopec is also the first document since its launch into overseas oil and gas assets.
Sell this 55% stake in the company of Sinopec's Brothers, "the G-Kan (SOOGL)"? Belong to Sinopec's.
Holding SSI another 45% stake in the company is registered in Hong Kong, a private with the Angolan national oil company joint venture? Sonangol International Holdings Limited. With the disclosure of the deal, Sinopec's the mystery partner also surfaced.
Wide range of public information, this registration in Hong Kong, China Sonangol International Holding Limited's business related more with the reconstruction of Angola, and cooperation with many Chinese companies in Angola's infrastructure projects, security is also an investor in the holding Meanwhile, a mysterious company China International Fund's primary investor. It is in the base year
Hangxiao signed with the "comfortable housing project in Angola," 34.4 billion big one, and the securities industry in 2007 caused a major violation.
24.57 billion of equity trading a reasonable price? On CNPC and Sinopec have the complicated relationship between what?
Among all wrapped in a mystery.
Transaction price is not cheap International oil prices experienced a slump last year after the beginning of this year by Economy Boost recovery, rapid recovery, is now maintained at 80 U.S. dollars high.
"The transaction price is not cheap, and now oil prices have been up to buy oil is certainly not cheap. But the key was found in reserves depends on the situation later." Merchants Securities, said an analyst.
Although the 2.4 billion U.S. dollars, which also includes the parent company Sinopec to pay 779 million U.S. dollars to acquire the outstanding loan company SSI, but most brokerage analysts think the price is not cheap.
The Bank in the next report, in accordance with the present calculation of proved reserves of 18 blocks, the acquisition price of a barrel reserves of 29.7 U.S. dollars / barrel, consider 2P, then a barrel of 18 U.S. dollars / barrel, it should be said, This price is not very cheap. Need follow-up to further tap the reserves. SSI in 2008, the International Crude The highest price when the annual results of only 48 million are expected over the average price of crude oil this year, but in 2008, taking 55% of the equity ratio is expected in 2010 on the performance of Sinopec contributed no more than 3 cents.
This Sinopec, the people said when the company first and foremost in the selection into the value of assets is the performance boost, and will be long-term benefit, "because we share a great company, if the diluted earnings per beneficiary certainly not great. "
Another comparable data, in June last year to 7.24 billion U.S. dollars China's Sinopec acquired oil Addax100% stake in Switzerland.
The end of 2008, Addax's oil proven reserves of 5.36 billion barrels, with an average daily output of 14 million barrels of crude oil, 5110 barrels of crude oil annually, approximately 7 million tons / year.
