USS Cole families can sue Sudan - Total may take Salva Kiir to court over Sudan Oil Field
Read Full story by Associated Press, Aug 24, 2005.
UPDATE: More on this at JURIST Aug 24, 2005.
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Total may take Salva Kiir to court over Sudan Oil Field
Note report by Paul Redfern, Special Correspondent at the East African - via Sudan Tribune Aug 24.
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India, China should cooperate on energy security
Snippets from article at New Kerala news India Aug 24, 2005:
PetroKazakhstan, which operates in central Asia, said on Monday it had agreed to a takeover offer from China's state-owned CNPC worth 4.18 billion dollars. The Oil and Natural Gas Commission (ONGC) has said the company had lost by a narrow margin and would make a counter bid if asked.
ONGC is India's leading exploration company, while CNPC's PetroChina unit is China's main oil producer.
China already has substantial operations in Kazakhstan, which include a major pipeline pumping crude to China from the oil-and gas-rich former Soviet state.
Provisions of the deal prohibit the Canadian-based company from soliciting new offers, but it would have to consider any competing bid and recommend it if deemed better for shareholders.
Asian oil firms have spent billions of dollars on projects around the world, including in countries such as Sudan that are off-limits to oil majors, and picked up scraps hived off by cost-cutting Western oil companies.
Chinese oil giants have been scouring the globe for energy assets in the last five years, spending over $5 billion in projects from Australia to Indonesia and Sudan to Saudi Arabia.
Similarly, India, which imports 70 percent of its crude oil requirement, has stakes in projects in several countries including Myanmar, Sudan, Russia, Libya and Australia.
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