China’s economic planning agency said Tuesday it has ordered the country’s biggest oil refiners to ensure adequate supplies to regions hardest hit by fuel shortages, saying it expects the crisis to end soon.
Top leaders ordered state-owned China Petrochemical Corp., or Sinopec, and China National Petroleum Corp. on Nov. 24 to make every effort to ensure [...]
CNOOC Ltd. and ConocoPhillips China Inc. have begun pilot production from the Phase II development of the Penglai (PL) 19-3 oil field. Oil is flowing from Platform C, the first wellhead platform to come on stream under the Phase II PL 19-3 oil development.
The production facilities in the Phase II PL19-3 project include five wellhead [...]
The long-awaited 1 million-ton refining joint venture between China National Petroleum Corp. (CNPC) and Russia’s Rosneft will be developed in northern Tianjin’s Lingang Industrial Area, an official with the Tianjin Development and Reform Commission told Interfax today.
The official, who wished to remain anonymous, said that no official contracts have been signed yet, but that the [...]
From January to September, investments of fixed assets in China’s electric power sector kept up moderate growth, making the growth rate one of the lowest in recent years and also one of the lowest compared to other sectors. The total investments in projects planned to start this year increased 24.48% year over year, and the [...]
Gold demand in China, including the Mainland, Hong Kong and Taiwan, surged 24% to 88.1 tons in the third quarter, according to the World Gold Council.
Mainland’s gold demand jumped 25% to 78.9 tons from July to September this year. Meanwhile, gold jewelry demand increased by 24% to 74.8 tons, while investment gold demand was up [...]
CITIC Pacific Ltd<267>, a listed unit of China’s state-owned conglomerate CITIC Group, Monday announced its plan of injecting HK$ 35.74 billion into Sino Iron Project in Australia, according to Chairman Larry Yung Chi-kun.
Based in Western Australia’s Pilbara region, the project is expected to produce 27.6 million metric tons of iron ore in 2009, with iron [...]
