Sinopec, a Chinese state-run oil and gas company also known as China Petroleum & Chemical Corporation, is building its largest ever gas storage facility amidst skyrocketing prices of natural gas.
The new project follows Sinopec’s Fuling Shale Gas Field hitting a country-wide record for production quantity. 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.
Hunter Biden’s Bohai Harvest RST (BHR) Partners has reportedly amassed nearly 30 percent stake in Sinopec since finalizing its controversial $1 billion investment in 2015. According to reports, the son of President Joe Biden still owns a 10 percent stake in BHR Partners.
The equity firm’s LinkedIn profile highlights its Sinopec investment and reveals its link “in the pilot state-owned enterprise reform deal involving the segregation and capitalization of Sinopec Group’s non-oil business into Sinopec Marketing Corporation.” (Related: A look back at the Biden’s family’s China business ties.)
A press release from the energy company 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 gas storage facilities.
“Sinopec continues to accelerate the construction of gas storage facilities and improve gas storage and peak shaving capabilities in China. The company is stepping up to complete key projects, including the Zhongyuan gas storage cluster and Huangchang gas storage facilities in Hubei Province and more,” the company stated.
These projects come after completing gas storage facilities like Yong 21 in Shandong Province, Wei 11 in Zhongyuan Oilfield region, Guxi in Jilin Province and Qingxi in Sichuan Province, and steadily expanding the scale of natural gas storage and effectively improving the storage capacity and gas peak shaving capability to guarantee the supply of natural gas.
Biden’s business ties with Xi Jinping revealed
Stunning revelations about the presidential son’s notorious business dealings came to light during an interview with Jack Maxey in one of the recent episodes of the “John-Henry Westen Show.” Maxey is one of the first people to go through the contents of Biden’s controversial laptop last October.
Maxey revealed that the younger Biden may have had business ties to Chinese President Xi Jinping based on emails from the laptop. Correspondence also linked the Bidens to possible Chinese espionage and illegal Beijing-backed business arrangements.
As the Biden family’s China dealings went south, “Hunter may have gone so far as to try to purposefully incriminate his own his father,” Maxey said.
The contents of the notorious “laptop from hell,” first discovered in 2019 at a computer shop near the Bidens’ home in Delaware, have been corroborated by former Hunter Biden business partner Tony Bobulinksi. At least one key email was validated by cybersecurity experts.
Maxey reiterated that the Hunter Biden laptop data is indeed “100 percent real.”
“Well, for example, I had several retired CIA [Central Intelligence Agency] agents look at it, a former contractor from the NSA, cybersecurity experts. Everybody who has looked at this confirms that it is 100 percent real,” he said. “As one person said to me, even if we devoted all the resources of the CIA for a decade, we couldn’t recreate this because there’s so much metadata connecting everything together.”
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