China and Australia will sign energy and mineral deals when President Hu Jintao makes a State visit to the country next week, foreign ministry officials said Tuesday.
Assistant Foreign Minister He Yafei did not provide details of the agreements, saying negotiations are still going, but agencies reported that one of the deals could be a long-term [...]
Construction will begin this year on a railroad linking Lanzhou, capital of West China’s Gansu Province, and Chongqing, on the upper reaches of the Yangtze River.
Gansu governor Xu Shousheng said the provincial government had decided that a special railway investment company be set up to represent the provincial government and participate in investing, building and [...]
China produced 108.69 million tons of crude oil in the first seven months of the year, up 1.1 percent from a year earlier, according to data from the country’s top economic planner National Development and Reform Commission.
In the seven months, the country imported 96.37 million tons of crude oil, which was 14.8 percent higher than [...]
CNOOC, the Chinese state-owned oil company, on Wednesday defended China’s drive to secure oil in Africa against criticism it was being too aggressive.
Fu Chengyu, chairman and chief executive, insisted his company was taking the same risks as other international oil groups.
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China’s top offshore oil and gas producer, CNOOC Ltd, produced 4.5 percent more oil and gas in the first half of this year.
CNOOC said in a statement on Wednesday that its crude oil output was 68.1 million barrels in January-June, while natural gas output was 99.7 billion cubic feet.
Its average oil selling price was US$58.8 [...]
China’s top offshore oil and gas producer is to invest 10 to 15 billion yuan to enhance deep-sea drilling capability by building relevant equipment, a senior executive confirmed yesterday.
Relevant high-end gears will make up a “complete” deep-sea exploration and production fleet, which consists of drilling rigs, exploration and pipe-installing vessels, according to Zhou Shouwei, vice-president [...]
