China’s economic planning agency said Tuesday it has ordered the country’s biggest oil refiners to ensure adequate supplies to regions hardest hit by fuel shortages, saying it expects the crisis to end soon.
Top leaders ordered state-owned China Petrochemical Corp., or Sinopec, and China National Petroleum Corp. on Nov. 24 to make every effort to ensure [...]
The National Development and Reform Commission, China’s top economic planning agency, said it has ordered the two major oil groups, China National Petroleum Corp and Sinopec, to supply crude to private refiners and buy fuel from them at a fixed price.
The move is part of an effort to ease fuel shortages in some regions amid [...]
Driven by surging oil prices in the global market and rising concerns over environmental safety, Beijing has started adjusting the country’s energy structure to a more sustainable and environmental friendly model. Natural gas is expected to play a bigger role in the future.
Reporter:
At a recent Asian Gas Congress held in Beijing, Paul D’Arcy, the managing [...]
Chinese oil firms have renewed contracts to buy crude from Iran for the next year and are seeking to increase their imports from the country, a senior Iranian official said in comments reported on Monday.
Chinese state firms appear to be carrying on business as usual with the world’s fourth-largest oil producer despite US calls for [...]
China National Petroleum Cooperation (CNPC), the parent company of the country’s largest oil refiner PetroChina<601857><857><PTR>, and Russia’s state-owned Rosneft, is to jointly establish an oil refinery with an annual capacity of 10 million tons in North China’s port city Tianjin.
The project, following the companies’ agreement in March last year to intensify their cooperation in the [...]
The oil services provider will compete for IPO funds with a spin-off from Taiwan food producer Uni-President and paper manufacturer China Sunshine.
China’s oil services company Anton Oilfield Services Group launches the roadshow for its Hong Kong initial public offering today (Nov 26) with a price range of HK$1.80 to HK$2.40. The company could raise up [...]
