The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
US Sold 6 Million Barrels of Oil Reserves to China, Records Show
July 25, 2022
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Asia & PacificbidenBusiness & MarketsChinaChina Business & EconomyChinese RegimeeconomyenergyExecutive BranchFinance & Business TiesNational Securityoil reservePolicies & ImpactsPoliticsSinopecSpecial TopicsStrategic Petroleum ReserveunipecUSUS NewsWorld
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US Sold Nearly 6 Million Barrels of Oil Reserves to China, Records Show
July 25, 2022
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Asia & PacificbidenBusiness & MarketsChinaChina Business & EconomyChinese RegimeeconomyenergyExecutive BranchFinance & Business TiesNational Securityoil reservePolicies & ImpactsPoliticsSinopecSpecial TopicsStrategic Petroleum ReserveunipecUSUS NewsWorld
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The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
Chinese State-Owned Firm Won Nearly 6 Million Barrels of US Oil Reserves Through Auction Sale, Records Show
July 25, 2022
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Asia & PacificbidenBusiness & MarketsChinaChina Business & EconomyChinese RegimeeconomyenergyExecutive BranchFinance & Business TiesNational Securityoil reservePolicies & ImpactsPoliticsSinopecSpecial TopicsStrategic Petroleum ReserveunipecUSUS NewsWorld
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The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
House Democrats Block Legislative Amendment to Prevent US Oil Sales to China
July 21, 2022
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Business & MarketsCathy McMorris RodgersChinaChina Business & EconomycongressDavid ValadaoDemocratseconomic policieseconomyHunter BidenPoliticsRepublicansSinopecUSUS NewsUS-China relations
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House Democrats have blocked a Republican effort to prevent the Biden administration from selling oil from the United States’ strategic reserve to entities with ties to the Chinese Communist Party. Rep. David Valadao (R-Calif.) offered an amendment as a motion during a House floor debate on July 20, to recommit a legislative spending package (H.R.8294)…
Biden’s Selling of Oil From Reserve to Hunter Biden-Tied Chinese Firm ‘Impeachable’: Republicans
July 8, 2022
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Asia & PacificbidenChinacongresseconomyFinance & Business TiesHunter BidenNational SecurityOilPolicies & ImpactsPoliticsRepublicansSinopecSpecial TopicsThreat from Communist ChinaunipecUSUS NewsUS-China relationsWorld
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The Biden administration’s move to sell nearly 1 million barrels of oil reserves to China “defies all common sense” and is benefiting U.S. adversaries at the cost of national interests, said Republican lawmakers, with some calling the action “impeachable.” The Department of Energy in April sold 950,000 barrels of Strategic Petroleum Reserve to Unipec America,…
Fire Breaks Out at Sinopec Shanghai Petrochemical Plant
A fire broke out at a Sinopec Shanghai Petrochemical Co. Ltd. plant in Shanghai early on Saturday, killing one person, the company said. Roaring fire was seen engulfing part of a sprawling factory, emitting columns of thick black smoke, in a video by the fire department showed. The fire at one of China’s biggest refining…
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