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China will participate in Brazil’s next oil and gas bidding round

Friday, February 25th 2011 - 06:33 UTC
Full article 12 comments

China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be resumed after the passage of a reform of the country's oil law expected this year. Read full article

Comments

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  • briton

    You allow all these takovers at your own peril,
    if she goes bang , brazil may go bang with her.
    and the rest, just an opinion lol

    Feb 25th, 2011 - 01:10 pm - Link - Report abuse 0
  • mastershakejb

    lol, better than joining forces with a UK based oil company, like BP, ROFL!
    BP can't even manage to produce oil without spilling it all over the place, way to go UK! ROFL

    Feb 25th, 2011 - 04:40 pm - Link - Report abuse 0
  • briton

    BP wasn’t the first, and definitely wont be the last.
    accidents do happen .

    Feb 25th, 2011 - 06:38 pm - Link - Report abuse 0
  • mastershakejb

    It was the LARGEST though, lol, in water. The largest oil spill in the ocean EVER, congrats UK! lol!

    Feb 25th, 2011 - 07:02 pm - Link - Report abuse 0
  • Fido Dido

    BP will be soon in Russian Hands, that starts with a “cooperation”.
    This article is not about a take over, but just getting the oil out together, what is a must for the Brazilians to make a profit.

    Feb 25th, 2011 - 08:44 pm - Link - Report abuse 0
  • GeoffWard

    Fido, you have been through a 'disturbed phase' in your postings. I remember when I had you tagged as a 'serious' comentator on Merco-matters .
    Nice to see a return to balanced comment.

    You are wrong about BP, however.
    BP may re-brand, but it has a world-wide portfolio and will take partners in fields alongside the indigenous company as and when it is necessary to do so - in just the same way as China is about to do with Petrobras.

    BP can and does sell on the world markets; 'China' will sequester Brasilian oil to China *alone*. This is understandable as there is an ever-increasing need to fuel the expanding chinese-world economy, but, as it progressively commands oil reserve after oil reserve around the world, more to China means less to all other countries.

    Oil-imbalance will change the face of the earth fundimentally. Those without oil, and with insufficient assets to buy it at the 'Chinese-price', will spiral out of the economic league table, becoming or remaining third-world in perpetuity.

    Feb 26th, 2011 - 07:54 am - Link - Report abuse 0
  • lsolde

    @6-what a recipe for future wars.

    Feb 26th, 2011 - 11:18 am - Link - Report abuse 0
  • mastershakejb

    lol @ # 6, idiot's talkin out his @ss
    LOL so hard at statement, “'China' will sequester Brasilian oil to China *alone*.” yea ok dude, you clearly have NO clue what you're talkin about, congrats, least informed commenter award goes to you

    Feb 27th, 2011 - 04:39 pm - Link - Report abuse 0
  • GeoffWard

    OK, mastershakejob, you do a lot of laughing but not a lot of personal informed statement.

    If you have opinions *on the topic*, try to construct a decent argument, because your offerings to date are characterised by total lack of substance.

    Pray inform us - we wait with bated breath.... and we may find out that you actually know something !

    Feb 27th, 2011 - 06:28 pm - Link - Report abuse 0
  • lsolde

    @9 Geoff, most of them don't know anything much, but like to think that they do. They are all talkers & posers but not doers. When they are confronted with facts or logic they just descend to personal insults.
    mastershakejb is one of the worst of that type. l don't take too much notice of him.

    Feb 28th, 2011 - 07:55 am - Link - Report abuse 0
  • mastershakejb

    you try not to take notice of me, because you're in DENIAL about failing UK economy, ROFL

    Feb 28th, 2011 - 03:51 pm - Link - Report abuse 0
  • lsolde

    @11masteridiota, l am not in any denial, fool. l am not even in the UK.
    but you are a loser as well as a poseur.

    Mar 01st, 2011 - 11:50 am - Link - Report abuse 0

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