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China begins drilling "ultra-deep" 10,000-meter natural gas well

China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province, with a designed depth of 10,520 meters (6.5 miles). The project follows a similar sized well that CNPC began drilling in Xinjiang in May, described at the time as the deepest ever undertaken in China.
Shendi Chuanke China National Petroleum Corp Xinhua News Agency National Petroleum Natural Gas

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The new wave of dealmaking by Gulf sovereign wealth funds

For resource-rich countries such as Gulf oil and natural gas producers, sovereign wealth funds have emerged as promising tools to save for future generations, mitigate the effects of outsized economic shocks, and/or be deployed as reserve investment and strategic development funds to spend on human, natural, social, and physical capital.
Ar Riya Saudi Arabia United Arab Emirates South Korea Hong Kong Ad Daw Ah
Source: mei.edu

Interview: Memories, new friendships part of games to bring home: Swedish competition manager

STOCKHOLM, July 21 (Xinhua) -- Apart from medals, student-athletes participating in the upcoming FISU World University Games will also bring home fond memories and new friendships from Chengdu, China, Adam Stigborn, competition manager of the Swedish University Sports Federation, told Xinhua recently.
Adam Stigborn Swedish University Sports Federation World University Games University Games

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