Posted on 10/11/2021 7:51:58 PM PDT by SeekAndFind
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 production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline.
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.
Under the Biden government, Sinopec’s Fuling Shale Gas Field hit a country-wide record for production quantity.
A company press release notes:
Fuling Shale Gas Field – the first commercially developed and operated large-scale shale gas field in China – announced on October 8 that it has produced 40 billion cubic meters of shale gas, setting a new record for the cumulative production of shale gas in the country.
BHR Partner’s 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.”
Sinopec’s record-breaking success follows the Biden regime’s assault on American energy independence, including the cancellation of the critical Keystone XL Pipeline and shutting down oil and gas lease sales from federal land in his first days in office.
Let’s go, Brandon!
The corruption is mind-blowing, and yet, nothing will be done about it and the MSM will cover it all up. It’s so depressing.
Why aren’t US oil companies screaming their heads off and pushing the usual sell-outs in Congress to do something about the traitor in the WH?
That don’t say how long they took to produce their 40 BCFG but that amount is miniscule. The average “shale gas” well in America makes about 10 BCFG. Now, if it was 40 BCFG per day, that would be something worth bragging about.
Bkmk
Frack Joe Biden
...
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This dementia addled grifting son of a bitch needs to be run out on a rail!!
Every night I PRAY he has a stroke. This piece of crap and his crack head kid are lower than pond scum!
And in unrelated news Xi Xinping decorates The Peoples Hall with even more Hunter Biden original artworks.
I’m sure CNN is preparing their stories for the morning.
Correction:
Increasing evidence suggests Joe Biden is ruining America for the benefit of the Chinese Communist Party.
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