Biden administration sold a million barrels of oil
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Posted On: 07/08/2022 9:41:38 AM
Biden administration sold a million barrels of oil from US Strategic Petroleum Reserve to Chinese state-owned firm where Hunter Biden is an investor:
8 July, 2022
The Unipec sale, according to the Biden administration, was to "help American consumers and the global economy in response to Vladimir Putin's proxy war against Ukraine and would balance Putin's price hike."
The Biden administration in the United States has reportedly sold over a million barrels of oil from the Strategic Petroleum Reserve to a Chinese state-owned company that had received a $1.7 billion investment from BHR Partners, one of the equity firms owned by Hunter Biden.
The US Energy Department claims that the action will help American consumers and offset “Putin’s price hike.”
The Energy Department authorized the sale of 950,000 barrels of the Strategic Petroleum Reserve to Unipec, the trading division of China Petrochemical Corporation, in April.
The whole company generally referred to as Sinopec, is owned by the Chinese government. The Biden administration claims that the measure will “help lower energy costs” and “address the pain Americans are feeling at the pump.”
In 2015, a private equity firm Hunter Biden cofounded bought a $1.7 billion stake in Sinopec Marketing.
https://twitter.com/FreeBeacon/status/1545145...-report%2F
8 July, 2022
The Unipec sale, according to the Biden administration, was to "help American consumers and the global economy in response to Vladimir Putin's proxy war against Ukraine and would balance Putin's price hike."
The Biden administration in the United States has reportedly sold over a million barrels of oil from the Strategic Petroleum Reserve to a Chinese state-owned company that had received a $1.7 billion investment from BHR Partners, one of the equity firms owned by Hunter Biden.
The US Energy Department claims that the action will help American consumers and offset “Putin’s price hike.”
The Energy Department authorized the sale of 950,000 barrels of the Strategic Petroleum Reserve to Unipec, the trading division of China Petrochemical Corporation, in April.
The whole company generally referred to as Sinopec, is owned by the Chinese government. The Biden administration claims that the measure will “help lower energy costs” and “address the pain Americans are feeling at the pump.”
In 2015, a private equity firm Hunter Biden cofounded bought a $1.7 billion stake in Sinopec Marketing.
https://twitter.com/FreeBeacon/status/1545145...-report%2F
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