petrobras, page-17

The question of the Chinese was canvassed by a number of posters on or around 19 Nov and from my post on that day here is an extract:-

"Speaking of Chinese Oil companies, I believe that there are four major ones involved directly with O & G and these are:-

1. CNPC-China National Petroleum Company
2. CNOOC-China National Offshore Oil Company
3. Sinopec
4. Petro China"

CNPC which is State owned own approx 86% of Petro China which is the largest shareholder of CUE after its T/O of Sing Pet.

CNOOC are in a JV with BG in csg in QLD and Sinopec are in JV with AED.

I don't think that CNPC could be classified as independent therefroe it appears that none of the above Chinese coys. qualify as the farminee according to the parameters previously mentioned.

ANZ