MercoPress. South Atlantic News Agency
China will participate in Brazil’s next oil and gas bidding round
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
Disclaimer & comment rulesYou allow all these takovers at your own peril,
Feb 25th, 2011 - 01:10 pm - Link - Report abuse 0if she goes bang , brazil may go bang with her.
and the rest, just an opinion lol
lol, better than joining forces with a UK based oil company, like BP, ROFL!
Feb 25th, 2011 - 04:40 pm - Link - Report abuse 0BP can't even manage to produce oil without spilling it all over the place, way to go UK! ROFL
BP wasn’t the first, and definitely wont be the last.
Feb 25th, 2011 - 06:38 pm - Link - Report abuse 0accidents do happen .
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 0BP will be soon in Russian Hands, that starts with a “cooperation”.
Feb 25th, 2011 - 08:44 pm - Link - Report abuse 0This 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.
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 .
Feb 26th, 2011 - 07:54 am - Link - Report abuse 0Nice 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.
@6-what a recipe for future wars.
Feb 26th, 2011 - 11:18 am - Link - Report abuse 0lol @ # 6, idiot's talkin out his @ss
Feb 27th, 2011 - 04:39 pm - Link - Report abuse 0LOL 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
OK, mastershakejob, you do a lot of laughing but not a lot of personal informed statement.
Feb 27th, 2011 - 06:28 pm - Link - Report abuse 0If 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 !
@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.
Feb 28th, 2011 - 07:55 am - Link - Report abuse 0mastershakejb is one of the worst of that type. l don't take too much notice of him.
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@11masteridiota, l am not in any denial, fool. l am not even in the UK.
Mar 01st, 2011 - 11:50 am - Link - Report abuse 0but you are a loser as well as a poseur.
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