Unocal Corp would have agreed to be acquired by Chinese oil firm CNOOC Ltd, despite fierce US political opposition - if the Chinese side had raised its bid in August, Unocal's former CEO has said.
Unocal Corporation of the United States has shelved its ambitious plans to export Bangladesh gas to India as Dhaka continued to drag its feet on taking a call on selling natural gas to New Delhi through a $1.2 billion pipeline.
'Bangladesh has enough gas to export to India'
Burren Energy of UK has acquired US energy major Unocal Corp's entire 26.01 per cent stake in Hindustan Oil Exploration Co Ltd for $26.01 million and has made an open offer to acquire further 20 per cent stake.
'It is important to note that American officials were trying their best to use the Taliban for their oil games till December 1997 when Mullah Ghous was invited to America. State Department officials did not show any interest in capturing or killing Osama bin Laden even at that time.'
China's multinationals, powerful as they seem, are still beholden to the Communist Party. That's both a blessing and a burden.
The question really is whether the US can be persuaded to embark on a path of calibrated and stronger sanctions on Pakistan.
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