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Gas pipeline brings added benefits

The Myanmar section of a Myanmar-China natural gas pipeline, a project funded by companies from China, Myanmar, South Korea and India, was inaugurated in Mandalay yesterday as it began to deliver gas to China. Myanmar Vice President U Nyan......【More】

2013-07-30

CNPC announces closure of share purchase agreement with Eni

CNPC is pleased to announce that CNPC and Eni S.p.a. have closed their previously announced transaction which will see CNPC acquire shares of Eni East African. All conditions precedent requiring government and partner approvals have cleared......【More】

2013-07-29

Hess, PetroChina sign China's first shale oil deal

U.S. energy company Hess Corp (HES.N) has signed a production- sharing contract with PetroChina (0857.HK), Chinas first joint agreement to develop a shale oil block, the companies said on Wednesday. China, believed to hold the worlds larges......【More】

2013-07-26

Global petrochemicals market expected to reach US$791.05 bln by 2018

The global petrochemicals market was valued at US$472.06 bln in 2011 and is expected to reach US$791.05 bln by 2018, growing at a CAGR of 6.7% from 2012 to 2018. In terms of volume, the global petrochemicals consumption was 436.86 mln tons......【More】

2013-07-25

China's CNPC extends drive for overseas oil assets

Chinas state-owned oil and gas giant China National Petroleum Corp (CNPC) is stepping up its drive for overseas hydrocarbon assets with a flurry of deals in Latin America, Africa and Central Asia. Among CNPCs latest moves is a commitment to......【More】

2013-07-24

Sinopec to start operation of 800,000 tpa JV ethylene

Sinopec Corp will start operation of an 800,000 tpa joint venture ethylene complex with South Koreas SK Group by the end of July, as per a source in Reuters. China, keen to cut its import dependence on ethylene from near 50% currently, will......【More】

2013-07-23

China's Sinopec, PetroChina to skip gasoil exports

Chinas top two refiners -- China Petroleum and Chemical Corp, or Sinopec, and PetroChina -- plan to skip gasoil exports in August and likely in September as well, market sources said Friday. [Sinopec has] no gasoil exports [scheduled for] Q......【More】

2013-07-22

CNOOC inks deepwater PSC with BP

Chinas largest offshore oil and gas industry player, CNOOC, signed a production sharing contract (PSC) with BP to jointly develop a deepwater block in the South China sea. The block, known as 54/11, is about 4,500 square kilometers in size......【More】

2013-07-19

Sinopec, Shell, Total to build shared lubricants park in Singapore

Three energy majors, Sinopec, Shell and Total said on Tuesday that they are going to build and operate a shared lubricants park in Tuas, situated in the southwestern part of Singapore. The facility will be built by Singapore Lube Park, a jo......【More】

2013-07-18

Sinopec provides $188m loan for Ghana gas plant

China Development Bank (CDB) has disbursed $188 million to SINOPEC for Ghanas gas infrastructure project. The transfer was done by the bank last week, according to local reports in Ghana. SINOPEC is building the CDB funded Ghana gas plant a......【More】

2013-07-17