A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of natural gas production amidst the Biden White House’s assault on American energy independence.
Sinopec, also known as China Petroleum & Chemical Corporation, is a Chinese Communist regime-controlled oil and gas enterprise. Its “fully-owned subsidiary” Sinopec Marketing Company enjoyed nearly $1 billion in investment from Hunter Biden’s private equity firm BHR Partners.
Finalized in March 2015, the investments from the controversial investment fund led to BHR Partners amassing a nearly 30 percent stake in Sinopec.
Hunter reportedly still owns a 10 percent stake in BHR Partners, whose LinkedIn profile highlights its Sinopec investment, revealing it was involved “in the pilot state-owned enterprise reform deal involving the segregation and capitalization of Sinopec Group’s non-oil business into Sinopec Marketing Corporation.”
A press release from the energy company – “Sinopec Puts Largest Gas Storage Cluster in North China into Operation” – details its record-breaking, new natural gas storage facility. Its current storage size of 10.03 billion cubic meters is expected to increase by an additional 1.116 billion cubic meters following the completion of additional...
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