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 Petroleum and Chemical Corp, Asia’s biggest oil refiner, will reduce crude processing by 10 percent this month from July’s record as the nation’s economic slowdown cuts fuel demand, company officials said.
The state-owned refinery, which supplies more than half of China’s fuel, will process about 15 million tons a month, or 3.65 million barrels a [...]
China and Iraq have signed an agreement to jointly develop an oilfield in the Middle East country, which is among Iraq’s first batch of joint-venture oil projects since the US-led invasion in 2003.
China National Petroleum Corporation (CNPC) signed the agreement on the project with the Iraq’s oil ministry on Monday, said a company statement yesterday. [...]
China Petroleum & Chemical Corp., Asia’s biggest oil refiner, will reduce crude processing by 10 percent in November from July’s record as the nation’s economic slowdown cuts fuel demand, company officials said.
The state-owned refinery, which supplies more than half of China’s fuel, will process about 15 million metric tons a month, or 3.65 million barrels [...]
China National Petroleum Corp (CNPC), parent of the country’s largest oil and gas producer PetroChina<601857><857>, has signed a 20-year oil service deal with Iraqi state-owned oil company North Oil to help develop the al-Ahdab oilfield in eastern Iraq’s Wasit province, according to sources.
Iraqi Oil Minister Hussein al-Shahristani and CNPC president Jiang Jiemin attended the signing [...]
A 300,000-ton crude oil terminal of China Petroleum and Chemical Corp (Sinopec Group), parent of the country’s largest petrochemical producer Sinopec<600028><386>, has been put into operation in North China’s Tianjin Municipality, sources reported.
As the supporting facility of Sinopec’s 1 million-ton-per-year ethylene project in Tianjin, the crude oil terminal is designed to have the annual throughput [...]
