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】
2013-07-30CNPC 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】
2013-07-29U.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】
2013-07-26The 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】
2013-07-25Chinas 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】
2013-07-24Sinopec 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】
2013-07-23Chinas 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】
2013-07-22Chinas 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】
2013-07-19Three 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】
2013-07-18China 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