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Chemical project given environmental all-clear

The environmental impact assessment for a controversial chemical project was made public on Tuesday in the latest move to dispel residents fears by the plant owner and city authorities in Kunming. Released on the website of the China Nation......【More】

2013-07-03

Sinopec in US shale gas acqusition

Beijing: State-owned Chinese leading oil refiner, Sinopec, announced this weekend that the company had completed the purchase of 50% of Chesapeakes stakes in its Mississippi oil and natural gas assets for $1.02bn. Sinopec acquires 425,000 a......【More】

2013-07-02

Kuwait becomes China''s No.1 LPG supplier

Kuwait became Chinas No.1 supplier of liquefied petroleum gas (LPG) in May, accounting for almost half of the Asian nations total LPG imports, the latest government data showed. Kuwaits LPG exports to China surged 61.0 percent from a year e......【More】

2013-07-01

Sinopec buys Angola oil field stake for 1.52 bln USD

China Petrochemical Corp. (Sinopec Group), the countrys top oil refiner, on Monday announced that it has signed a deal with U.S. oil giant Marathon Oil Corp. to buy its oil and gas field in Angola for 1.52 billion U.S. dollars. According to......【More】

2013-06-28

China, Russia sign new oil deal

Chinas biggest oil and gas producer, China National Petroleum Corporation, has released details of a new oil deal it signed with Russia. In a statement posted online, it says that the companys future crude oil imports from Russia will event......【More】

2013-06-27

CNPC's annual oil import from Russia to reach 46.1 mln tonnes

China National Petroleum Corporation (CNPC), the countrys largest oil and gas producer and supplier, said Monday that the companys future crude oil import from Russia will hit 46.1 million tonnes annually. According to of a long-term agreem......【More】

2013-06-26

PetroChina unveils EIA report on Yunnan refinery

Chinas largest oil and natural gas producer PetroChina released an environmental impact assessment (EIA) report on its refinery in Kunming on Tuesday. The refinery, in the capital of southwest Chinas Yunnan Province, will have an annual pro......【More】

2013-06-26

China's Sinopec buys Marathon's Angola oil fields for $1.52 billion

Chinas Sinopec Group has agreed to buy Marathon Oil Corps (MRO.N) Angolan offshore oil and gas field for $1.52 billion, Asias largest refiner producer said. Sonangal Sinopec International Ltd, the groups subsidiary, will acquire Houston-bas......【More】

2013-06-25

CNPC to Build China’s First Ever Shale Gas Pipeline

CNPC has announced that it plans to build Chinas first ever pipeline dedicated to transporting shale gas. The 57 mile long pipeline will run from shale gas fields in the Sichuan province to join with an existing pipeline in the Yunnan provi......【More】

2013-06-25

Petrobras, Sinopec in talks to build $20 billion refinery

Petrleo Brasileiro SA, Brazils state-run oil company, and China Petroleum and Chemical Corp are in talks to build a $20 billion (12 billion pounds), 300,000-barrels-a-day refinery in the South American country, according to a securities fil......【More】

2013-06-21