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China punishes state oil refiner chief over blast

Chinese authorities are holding Chinas largest oil refiner and its top management responsible for a November pipeline explosion that killed 62 people and injured scores of others in the eastern port city of Qingdao. The State Council, China......【More】

2014-01-13

China’s annual shale gas production surges by more than five times

Shale-gas production in China, holding the worlds biggest shale reserves, surged by more than five times last year to 200 million cubic meters, according to the Land and Resources Ministry. PetroChina Co.s Changning-Weiyuan and Fushun-Yongc......【More】

2014-01-10

Chinese oil refining capacity expected to reach 140 million ton surplus in 2015

Chinas oil refining capacity is expected to reach a surplus of 140 million tons in 2015, and increase to 190 million tons in 2020. The refining capacity is also expected to overtake the growth of oil product consumption in the country durin......【More】

2014-01-09

China's petrochemical industry's export-import value up 2.3% in Jan-Nov

The export and import value of the petrochemical industry in China climbed 2.3% year on year to US$369.6 billion in the first eleven months of 2013, according to the latest statistics released by the National Development and Reform Commissi......【More】

2014-01-08

Gazprom close to agreeing pricing deal on China gas supplies

Investors in Gazprom seemed unconcerned about it missing another deadline to sign a massive deal for gas supplies to China by the end of 2013. In fact, Russias state gas company has been discussing the planned deal with Chinas CNPC for so m......【More】

2014-01-07

Sinopec Engineering wins big contract

Sinopec Engineering (Group) Co has won an 18.67 billion yuan (US$3.1 billion) contract to build one of the worlds largest coal-to-chemical projects in north China. The company, a unit of Asias top refiner Sinopec Group, will be responsible......【More】

2014-01-06

Sinopec Engineering bags EPC contract for chemical project

SINOPEC Engineering (Group) Co., Ltd. announced that the Company and Zhong Tian He Chuang Energy Corporation Limited entered into an EPC contract for the development of a new coal chemical project (the Project) in Uxin Banner, Ordos, Inner......【More】

2014-01-03

SABIC, China study new business opportunities

SABIC welcomed a high-level Chinese delegation from the Jiangsu Province, led by Vice Governor Fu Ziying, at its headquarters in Riyadh on Sunday, at a time when the booming manufacturing sector in China is creating new opportunities for th......【More】

2014-01-02

Sinopec profit increases more than 10 bln yuan

Profits of oil giant China Sinopec increased more than 10 billion yuan (1.6 billion U.S. dollars) in the first eleven months Huang Shuhe, vice chairman of the State-owned Assets Supervision and Administration Commission (SASAC), said the co......【More】

2013-12-31

China's SWS aims to break into Malaysia's O&G industry

Shanghai Waigaoqiao Shipbuilding Offshore Co Ltd (SWS), a China offshore solutions provider for the oil and gas industry, is eager to tap Malaysias growing industry by offering its solutions here. Malaysia has been an active investor in the......【More】

2013-12-30