China’s largest steel mill, Baosteel, and Australia’s Fortescue Metals Group Ltd (FMG) have signed one of Australian mining industry’s largest deal to supply up to 20 million tons of iron ore per annum.
The ten-year deal, which was signed in Perth, capital of the state of Western Australia on Monday, covers a first phase quantity of [...]
On Mar. 23, 2007, the first crude oil finished product oil tanker with capacity of 46-thousand-ton was named as “Changhang Warrior†and delivered in Yizheng, Jiangsu Province. The oil tanker is built by Changjiang National Shipping Group Nanjing Jinling Shipyard for Nanjing Changjiang Oil Conveyance Company. The oil tanker is delivered ahead of schedule for [...]
Department of Communications of Fujian Province issued the information yesterday that coastal ports in Fujian Province will Increase 31. 86 million-ton throughput capacity in 2007.
According to the introduction, it is planed to invest 5.82 billion Yuan to construct the ports: 48 continuous-construction projects, 20 new-construction projects, 15 completed construction projects, 23 newly-added berths and the [...]
China didn’t export any crude oil in this Feb., and the output decreased from 300 thousand ton in Jan. (with USD 81. 85 million as sales value) directly to zero. Since the Jan. 1st, China has implemented 5% tariff rate of export on the energy products like coal, coke, crude oil and etc. to limit [...]
As the important strategic partner for the economic and social development of Hainan, Province, China National Offshore Oil Corp. signed the strategic frame contract with Hainan Provincial Government in Sheraton Haikou Hotel, and the contract includes the six cooperative projects like utilization of natural gas, petroleum and chemical, aid-the-poor program, social service and etc. Wei [...]
Trade talks on March 23 between Jiang Jiemin, president of CNPC, parent company of PetroChina (NYSE: PTR), and Chavez, president of Venezuela, reinforced the two countries’ energy cooperation, according to a report carried on http://cna.chemnet.com.
As planned, CNPC would participate in exploration of heavy oil in Orinoco Belt, Faja, and at the same time team up [...]
