EGO 0.00% 12.0¢ empire oil & gas nl

W.A. = Wait Awhile or expertise from China

  1. 319 Posts.
    Could Empire Oil obtain any expertese from China or perhaps a farmin to get things back on track producing product.

    On August 19, 2009, PetroChina signed an A$50 billion deal with ExxonMobil to purchase liquefied natural gas from the Gorgon field in Western Australia, considered the largest contract ever signed between China and Australia, which ensures China a steady supply of LNG fuel for 20 years, and also forms as China's largest supply of relatively "clean energy".This deal has been formally secured, despite relations between Australia and China being at their lowest point in years, following the Rio Tinto espionage case and the granting of visas to Rebiya Kadeer to visit Australia.
    PetroChina's Dushanzi District refinery became fully operational on September 24, 2009. The refinery is China's largest refinery with annual capacity of 10 million tons of oil and 1 million tons of ethylene. The refinery is an integral part of China's ambitions to import oil from Kazakhstan.
    February 2011: PetroChina agreed to pay $5.4 billion for a 49% stake in Canada's Duvernay shale assets owned by Encana. It is the China's biggest investment in shale gas to date.[16] PetroChina's subsidiary in Canada is named Phoenix Energy Holdings and has an office in the Sun Life Tower at 140-4th Ave SW in Calgary. It operates under the direction of Li Zhiming as Brion Energy
 
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