China Petrochemical Corp yesterday said the government’s stimulus package will help its business and the company may seek to acquire resources assets overseas amid the financial turmoil.
The oil giant, also known as Sinopec Group, parent of Asia’s biggest refiner, said in a company newsletter that it plans to boost major domestic infrastructure projects.
Tags: Fuel, PetroChina, [...]
Energy demand in China, the world’s second-biggest oil consumer, may begin to “pick up slowly” at the end of this year or the start of 2009 because of the nation’s 4 trillion yuan ($586 billion) economic stimulus plan.
The country’s power demand will probably rebound at about the same time, Han Wenke, the head of energy [...]
China is considering dropping jet fuel surcharges by the end of this year, Liu Shaocheng, director of the Civil Aviation Administration of China (CAAC)’s research department, said Wednesday, according to today’s National Business Daily.
Liu made the remark at the third China Aviation Leasing Summit, but he did not elaborate on the timing or degree of [...]
China plans to help its unprofitable airlines by lowering domestic fuel prices before the end of this year after oil prices tumbled 60 percent.
The National Development and Reform Commission, the country’s top planning agency, is reviewing a proposed cut, Liu Shaocheng, head of research for the Civil Aviation Administration of China, told reporters yesterday at [...]
China Eastern Airlines Corp is bidding to cut energy consumption by 6.79 percent this year to save costs.
In the first 10 months of this year, the Shanghai-based carrier consumed nearly 3 million tons of standard coal, totaling 15.44 billion yuan (US$2.2 billion), it said yesterday.
Consumption of jet fuel, a key component of the airline’s costs, [...]
China Petroleum & Chemical Corp, Asia’s biggest oil refiner, said yesterday that it had asked the government to exempt taxes levied on the imports of crude oil and fuel to help boost profits.
If the exemptions were approved by the government, the changes would be reflected in the next-quarter report, financial officer Dai Houliang said.
Tags: Fuel, [...]
