久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

News >Bizchina

CNPC terminates 6 overseas projects

2011-08-22 15:01

BEIJING-- China National Petroleum Corp (CNPC), the country's largest oil and gas producer, terminated six exploration projects in Libya and Niger amid ongoing political turbulence in the Middle East and North Africa, the Securities Daily said Monday.

The termination of the six projects run by Great Wall Drilling Co (GWDC), a wholly-owned subsidiary of CNPC, is estimated to cause 1.2 billion yuan ($187.51 million) in losses for the company, higher than losses incurred during the 2009 financial crisis, said the report.

"For CNPC, the current priority should be avoiding massive losses. It should elevate its risk evaluation and management to strengthen the assessment of overseas projects," Ren Haoning, an analyst with the China Investment Consulting Corp (CICC), said in the report.

GWDC's revenue stood at 16.8 billion yuan in 2010, with 7.5 billion yuan coming from overseas markets.

Since its establishment three years ago, GWDC has contributed 2.08 billion yuan in profits to its parent company, CNPC, Ren said.

Meanwhile, CNPC said GWDC has brought in $994 million in overseas contracts this year, despite terminating the six major projects, according to the report.

A lack of experience and regulation as well as errors in judgment are the main causes for losses in the country's three largest oil companies during recent and rapid overseas expansions, Zhou Xiujie, also a CICC analyst, said, as cited in the report.

The three oil giants include CNPC, Sinopec and China National Offshore Oil Corp.

Data from China Petroleum and Chemical Industry Association show that the three oil giants' merger and acquisition (M&A) scale amounted to a record high of $30 billion in 2010, or 20 percent of the global total in terms of the M&A scale at the industry's upstream.

Related News:

主站蜘蛛池模板: 欧美做爰免费大片在线观看 | 久久久久久一级毛片免费无遮挡 | 亚洲美女视频网址 | selaoban在线视频免费精品 | 国产片91人成在线观看 | 成人午夜毛片在线看 | 美女舒服好紧太爽了视频 | 国产高清亚洲精品26u | 欧美第一视频 | 国产不卡一区二区三区免费视 | 免费一级毛片在线观看 | 久久手机在线视频 | 91精品国产高清91久久久久久 | 91成人软件| 美国免费一级片 | 免费人成在线观看网站品爱网 | 一区二区三区日本视频 | 国产真实乱子伦xxxxchina | 国产综合成人久久大片91 | 日韩欧美一区二区三区不卡视频 | 国产高清精品一级毛片 | 欧美成人区 | 99亚洲自拍 | 美女被男人cao的爽视频黄 | 日本精品视频在线播放 | 免费a级毛片大学生免费观看 | 久久久久久久久免费影院 | 手机看片福利视频 | 久久亚洲欧洲日产国码 | 久久精品久久精品国产大片 | 欧做爰xxxⅹ性欧美大 | 免费观看情趣v视频网站 | 在线观看免费黄色网址 | 亚洲 欧美 丝袜 | 欧美精品一级 | 尹人香蕉久久99天天拍 | 亚洲美女视频在线 | 国产区最新 | 九色视频在线观看免费 | 乱淫网站| 国产人做人爱免费视频 |