China’s fuel-demand growth may ease to an average 4 percent in the next two to three months as a slowing economy cuts consumption, said an official with the research unit of the nation’s largest oil company.
Fuel consumption growth may also fall because of higher domestic gasoline and diesel prices, Gong Jinshuang, an engineer at CNPC [...]
PetroChina Co., the nation’s largest oil company, plans to increase the West-East gas pipeline’s annual capacity by 42 percent next year to tap rising domestic demand.
The link will be able to deliver 17 billion cubic meters of the clean fuel to the eastern regions including Shanghai from gas-producing fields in the west, parent China National [...]
The Beijing municipal authorities have raised pump prices by up to 4 percent to cover the cost of cleaner fuel.
From Tuesday, gasoline prices in Beijing have gone up by 200 yuan ($29.18) per ton, or more than 2 percent, with the quantum of the increase depending on fuel quality.
Tags: Gas, PetroChina, Sinopec
Beijing raised the retail price of gasoline and diesel by as much as 4 percent today to offset the higher cost of providing the capital city with cleaner fuels, a municipal commission said.
Gasoline prices will climb by 200 yuan ($29) a metric ton and diesel prices will increase by 290 yuan a ton for fuel [...]
PetroChina Co Ltd (HK 0857), the country’s largest oil and gas producer, is considering building a second 10-mln-ton capacity refinery in southwestern China’s Guangxi region, parent China National Petroleum Corp (CNPC) said.
The refinery will be located in the Beibu gulf area, CNPC said, disclosing the plan when Premier Wen Jiabao visited PetroChina’s first refinery project [...]
China National Petroleum Corp (CNPC), parent of the country’s largest oil maker PetroChina, will put a 10-million-ton oil refinery into production in Guangxi Zhuang Autonomous region in December this year, according to sources.
It was reported that the new refinery, which is located in Qinzhou city on the northern shore of the Beibu Gulf, aims to [...]
