Home | News    Wednesday 16 May 2007

Fidelity cuts PetroChina ADR holdings by 91 pct over Darfur

separation
increase
decrease
separation
separation

May 15, 2007 (BOSTON) — Fidelity Investments, the world’s No.1 mutual fund company, reduced its holdings of PetroChina Co. Ltd.’s American depositary receipts (ADRs) by 91 percent in the first quarter of 2007, according to a regulatory filing on Tuesday.

Fidelity has faced rising pressure from human rights groups to divest its stakes in PetroChina , Asia’s top oil and gas producer, because of the Chinese company’s links to Sudan, which rights groups accuse of human rights violations in Sudan’s troubled region of Darfur.

Fidelity’s 69-page filing showed it owned 420,916 ADRs of PetroChina as of March 31, compared with about 4.5 million ADRs as of end-December.

A Fidelity spokesman declined comment about the reason for the reduction in PetroChina holdings. The Boston-based fund company has previously countered criticism of its PetroChina investments by saying it was complying with all laws governing investments in Sudan.

(Reuters/ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Civil State has no meaning in real life but an exposed political maneuvers of lyinge 2016-05-26 19:17:37 By Mahmoud A. Suleiman During the last few years the political components, both traditional and Leftists continued raising their voices calling for something vaguely termed ‘Civil State’ as an (...)

Facts about Sudan and South Sudan bilateral relations 2016-05-26 14:42:56 By James Okuk Since the time of separation of South Sudan from the Sudan in 2011, the bilateral relations between the two countries have not become desirably institutionalized for the needed (...)

Is Riek Machar a sinner or a winner? 2016-05-25 22:49:54 By Manyang David Mayar Last Sunday, Riek Machar boldly walked to the alter at St. Emanuel Parish, a church mainly of Dinka-Bor congregation, and got hold of the microphone and started to speak. (...)


MORE






Latest Press Releases


South Sudan to release “true" report on army conduct in Bahr el Ghazal region 2016-05-26 22:55:01 May 26, 2016 (JUBA) - The government of South Sudanese and the high command of the Sudan People’s Liberation Army (SPLA), will in coming days release a "true" report of the activities of the army (...)

Sudanese students, activists are at risk of torture: HRW 2016-05-25 14:40:51 Human Rights Watch Sudan: Students, Activists at Risk of Torture Free Detainees; Investigate Abuses (Nairobi, May 25, 2016) – Sudanese national security officials have detained dozens of (...)

South Sudan: Civilians Killed, Tortured in Western Region 2016-05-24 22:01:01 Human Rights Watch For Immediate Release South Sudan: Civilians Killed, Tortured in Western Region Provide Justice for Army Abuses in Western Regions (Nairobi, May 24, 2016) – South Sudanese (...)


MORE

Copyright © 2003-2016 SudanTribune - All rights reserved.