Sinopec has invested more than 200 billion yuan ($32.68 billion) on upgrading oil product quality during the past 10 years, Zhang Yaocang, vice general manager of Sinopec Group, said Saturday at a forum on top 500 enterprises held in Kunmin......【More】
2013-09-03Chinas Sinochem Group wants to buy a 35% stake in the Petroleo Brasileiro SA (Petrobras) offshore Parque das Conchas project for $1.54 billion, Petrobras said in an e-mailed statement on August 16. The license includes the Ostra field that......【More】
2013-09-02The Hong Kong-listed shares of oil giant PetroChina Co Ltd and its natural gas distribution arm Kunlun Energy tumbled Wednesday after they said several senior executives at the group were being investigated over alleged wrongdoing. PetroChi......【More】
2013-08-30Australias Arrow LNG, a joint venture between Royal Dutch Shell and PetroChina , is looking at an option of building on a rivals LNG site to restart its own stalled gas export plans, a source close to the situation said. The option could su......【More】
2013-08-29China Petroleum and Chemical Corp, or Sinopec, has cut its ex-works price of orthoxylene in East China by Yuan 200/mt, or 1.9%, effective Tuesday, market sources said. Yangzi-BASF and Sinopec Zhenhai, the companys subsidiaries in East China......【More】
2013-08-28A top Chinese oil executive is the latest senior official to come under scrutiny by China s top antigraft agency, as Beijing faces pressure to crack down on official corruption. In a one-sentence statement, China s Ministry of Supervision s......【More】
2013-08-27PetroChina, the countrys largest oil and gas producer, will seek further co-investments in projects with private enterprises and foreign firms after forming a joint venture with two fund management firms in June. We will expand our co-opera......【More】
2013-08-26PetroChina Co, Chinas largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which would make the Chinese company the biggest single foreign investor in the Iraqi......【More】
2013-08-16China National Offshore Oil Corp (CNOOC) said it had won final government approval to build Chinas first floating terminal for liquefied natural gas (LNG), a type of terminal that will allow it to increase imports rapidly. China, the worlds......【More】
2013-08-15The Changxing Island Industrial Zone has announced that it will pick up the pace of work on a global petrochemical industry park, in the city of Dalian, Liaoning province, on Aug 6. In the second half of this year, the zone will give priori......【More】
2013-08-14