General Motors, Shanghai Automotive Industry Corporation Group (SAIC) and OnStar announced in a company press release yesterday the establishment of a telematics joint venture called Shanghai OnStar Telematics Company Limited. This is OnStar’s first venture outside of North America in its 11-year history.
The Shanghai-based joint venture will provide a range of OnStar’s trademark in-vehicle safety, [...]
China’s list of crude suppliers reads like a who’s who of the oil-exporting world, but the sudden emergence of South Africa among the ranks has left many market watchers scratching their heads.
South Africa is sending cargoes of oil to China that rival volumes from the United Arab Emirates, Kuwait and Libya, despite not having enough [...]
Natural gas output at PetroChina’s (0857.HK: Quote, Profile, Research)(PTR.N: Quote, Profile, Research)(601857.SS: Quote, Profile, Research) Kela II field in the northwestern Xinjiang region has risen this year to more than 10 billion cubic metres (bcm) as of Thursday, a company newspaper said.
The field, one of the largest and with among the best gas quality in [...]
Piped-gas distributor China Gas Holdings Ltd. (0384.HK) said Thursday the Oman Investment Fund raised its stake to 5.00% from 4.73% earlier this week for HK$30.2 million (US$3.9 million).
The Oman Investment Fund said in a separate statement it bought 8.8 million China Gas shares at an average price of HK$3.429 each Monday.
Tags: Gas, Petroleum, Sinopec
PetroChina Co Ltd (HK 0857), the country’s top oil and gas producer, has signed an initial technology cooperation agreement with Korean National Oil Company (KNOC) covering exploration at Daqing oil field, parent China National Petroleum Corp said.
Tags: PetroChina, Petroleum
China’s top economic planning agency said on Wednesday that 6 diesel price manipulation cases had been found in a nationwide inspection amid fuel supply shortages.
These six petrol filling stations sold diesel at prices 43% higher than the government-regulated price to cash in on ongoing fuel shortages, according to the National Development and Reform Commission (NDRC).
In [...]
