China has started “preliminary work” on the second phase of its emergency oil reserves in Guangdong to help bolster energy security and meet demand, the head of the province’s economic planning agency said.
Construction of storage bases in the cities of Zhanjiang and Huizhou in Guangdong will begin “as soon as possible,” Li Miaojuan, director of [...]
The China-Russia oil pipeline is likely to be completed by the end of this year and the project will enter into operation in 2011, Chinese Foreign Minister Yang Jiechi said Sunday.
Yang made the remarks at the press conference held Sunday on the sidelines of the annual session of the National People’s Congress, the country’s top [...]
Clean energy measures to reduce dependence on costly fuel imports
Domestic oil companies have started developing charging stations for electric vehicles to cash in on the growth in clean energy.
Oil refiner Sinopec has already started to work with the Beijing municipal government to develop such stations. The company has set up a joint venture with a [...]
Ten storage facilities to hold 22.4b cu m of the clean fuel
China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, plans to build 10 natural gas storage facilities between 2011 and 2015 to stockpile the fuel in the face of rising demand, said a company executive.
The 10 storage sites will be able [...]
Saudi Arabian Oil Co, the world’s biggest crude producer, is exporting about 1 million barrels a day to China, more than to the US, Chief Executive Officer Khalid al-Falih said.
“We are already exporting more to China than to the US,” he said in an interview in Davos, Switzerland.
“We are prudent and careful about where to [...]
The Sino-Kazak Pipeline has piped more than 20 million tons of crude oil from Kazakhstan to China since it became operational in 2006, according to the regional government of Xinjiang.
Last year, the pipeline carried 7.73 million tons of crude oil into China, up 26 percent year-on-year, the inspection and quarantine bureau in the northwestern Xinjiang [...]
