Sunday, July 27, 2014   

China oil giants prepare Iraq evacuation plans: report
(06-19 13:37)

Major Chinese oil firms have prepared evacuation plans in case spreading violence in Iraq -- a key energy provider to the Asian giant -- threatens their operations, state media reported Thursday.
China has more than 10,000 workers on a wide range of projects in the Middle Eastern country, officials say, although most are in the south, far from the current fighting.
Militants from the jihadist group the Islamic State of Iraq and the Levant (ISIL) have captured vast amounts of territory in a lightning offensive that is entering its second week.
"As of today, most Chinese workers have gone to work as usual. But if insurgents begin to attack Baghdad, we will pull out of the country immediately,'' an employee of Chinese state-owned energy giant China National Offshore Oil Corp. (CNOOC) told the Global Times newspaper.
Resources are a key interest for China, the world's second-largest economy, and Iraq is its fifth-largest source of crude oil imports, while China is the largest foreign investor in Iraq's oil sector.
Production at the four oil fields of PetroChina, the listed arm of China's largest oil producer China National Petroleum Corp (CNPC), has not been affected, a company representative told the paper. --AFP   
Other China breaking news:
Chui submits nomination for Macau CE (07-25 17:54)
Taiwan plane crash black box info expected next week (07-25 16:50)
Black boxes from Taiwan air crash investigated (07-25 13:41)
China confirms flight delays caused by military drills (07-25 12:40)
Chinese firm sues Transformers film maker (07-25 12:02)
Taiwan airline chairman apologizes (07-25 11:51)
Taiwan airline suspects stormy weather caused crash (07-24 16:19)
Man arrested over neutering in nursing home (07-24 12:54)
SOHO chief slammed for giving Harvard US$15m (07-24 12:44)
48 confirmed dead, 10 injured in Taiwan plane crash (07-24 11:55)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.