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Among them are two other old-style companies, Sinopec, the second-largest oil producer, and the China National Overseas Oil Company, the No. 1 offshore oil company.
1) Offshore = out of mind The offshore vehicles used by banks to hide their activities from the taxman also served to obscure their extent from investors and regulators.
The Russian government, too, seemed more welcoming of foreign investment, clearing the way by late 2001 for Exxon Mobil to invest up to $12 billion over several decades in the Sakhalin 1 offshore oil and gas venture.
As part of that effort, Beijing hopes to sell shares in dozens of huge state-owned companies, including Sinopec, the second-largest oil company; China National Overseas Oil, the No. 1 offshore oil company; and China Unicom, the No. 2 telecommunications company.
But it falls far short of the 3,400,000 barrels spewed into the southern gulf over a year following the IXTOC 1 offshore accident in 1979.
Shares in China's leading gold miner, Zijin Mining, rose 5.3%, to 3.37 Hong Kong dollars (43 cents), while the country's No. 1 offshore oil services firm, China Oilfield Services, catapulted 12.3% higher, to 5.76 Hong Kong dollars (74 cents).
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The British have designated 12 offshore turbine sites.
Dan Berg's book lists 62 offshore dives alone.
Its 12 offshore islets, however, are low coral formations.
Dong, which employs 900 staff in Britain, has installed 2.2GW of its 5.1GW offshore windfarm capacity.
Only energy developments over 50MW onshore and 100MW offshore will be overseen by the IPC.
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