A Chinese state-run company linked to Hunter Biden, the son of the President of the United States, recently partnered with Saudi Arabia’s leading petroleum and natural gas company to collaborate on energy production, The National Pulse can reveal.
The agreement – reported elsewhere without the Hunter Biden link – comes amidst Saudi and United Arab Emirates (UAE) leaders declining calls with President Joe Biden amidst America’s surging oil and gas prices. In the same time period, Saudi Arabia’s state-backed firm Saudi Aramco signed a “preliminary agreement” with China Petroleum and Chemical Corporation (Sinopec) aimed at boosting “its presence in the world’s second-largest economy.”
“This agreement provides a basis for continued downstream collaboration between Aramco and Sinopec, capitalising on each company’s strengths and their long-term relationship,” a statement added.
“The signing of this agreement will support our refinery feedstock optimization and downstream petrochemical development, while offering new opportunities to deepen and expand activity amid an accelerating global energy transition,” said Yu Baocai, president of Sinopec Corporation.
“Such collaborations promote our downstream integration and expansion strategy in Asia and support our broader objectives of becoming a global leader in liquids-to-chemicals and a resilient and reliable supplier of one of the lowest upstream carbon intensity oils to meet China’s growing demand,” added Mohammed Al Qahtani, Aramco senior vice president of Downstream.
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, whose LinkedIn profile highlights its Sinopec investment, revealing it was involved “in the pilot state-owned enterprise reform deal involving the segregation and capital.”
The new deal follows Sinopec’s Fuling Shale Gas Field hitting a country-wide record for production quantity and building its largest-ever natural gas storage facility amidst the Biden White House canceling the construction of the Keystone XL Pipeline.
The news comes as the New York Times admits the veracity of the Hunter Biden laptop, also known as the ‘Hard Drive from Hell’. The National Pulse was one of the first news sites in the world to obtain a copy of the drive and report extensively on its contents, which can be found here.
Source: The National Pulse