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China's energy demand to peak in 20 years: expert

China will see its energy demand peak between 2030 and 2035 on the back of expanding industrialization and urbanization, Zhong Ziran, chief engineer of the Ministry of Land and Resources, forecast on Saturday. The countrys energy consumptio......【More】

2013-05-27

Output of petrochemical sector down in Q1

The production value of Taiwans petrochemical sector for the first quarter of this year fell about 8 percent from a year earlier as a result of falling product prices on weaker global demand, according to a government report released yester......【More】

2013-05-24

PetroChina to Seek Greater Cooperation With Exxon, BP, Shell

PetroChina Co. (857), the countrys biggest oil and gas producer, will seek to increase cooperation with companies including Exxon Mobil Corp. (XOM), BP Plc (BP/) and Royal Dutch Shell Plc (RDSA) as it looks to add overseas resources. The Be......【More】

2013-05-24

Iran says investment in petrochemical industry "profitable"

Iranian Oil Minister Rostam Qasemi said investment in Irans petrochemical industry is profitable, Tehran Times daily reported on Tuesday. There are profitable investment opportunities in Iran, but the petrochemical sector is certainly the m......【More】

2013-05-23

Allen & Overy advises SINOPEC Engineering on IPO offering

Allen Overy is advising SINOPEC Engineering (Group) Co Ltd (SINOPEC Engineering) on its (approximately) $2bn initial public offering (IPO) and listing on the Hong Kong Stock Exchange, Hong Kongs largest IPO so far in 2012. SINOPEC Engineeri......【More】

2013-05-22

Communication essential for Yunnan chemical project

At 9 am on Friday, Kunmings Mayor Li Wenrong opened his new micro blog to solicit suggestions on the latest developments in Yunnans provincial capital. The blog is being seen as a major a step forward in strengthening his communication with......【More】

2013-05-21

State Grid prices debut bonds inside CNOOC

State Grid Corporation of China made a successful debut in the offshore bond market as it priced on May 15 a multi-tranche offering totaling US$2 billion, demonstrating its status as a leading state-owned enterprise (SOE) in the mainland. T......【More】

2013-05-20

Sino-Mongolian oil deal undercuts Russian role

Mongolian Petroleum Authority chairman G Ulziiburen announced in mid-March that Mongolia had made an agreement with PetroChina - a subsidiary of China National Offshore Oil Corporation - to exchange crude oil drilled in Mongolia with end-pr......【More】

2013-05-17

Kairiki Energy to buy onshore oilfields in northern China

Australia-based Kairiki Energy has signed a Memorandum of Understanding (MOU) with Beijing Junlun Runzhong Science Technology and Hefei Xinxin Petrochemical to acquire two onshore oilfields in northern China. The acquired assets include Dae......【More】

2013-05-16

PetroChina withdraws A$185 mln bid for WestSide

WestSide Corp. , an Australian company with coal seam gas prospects in Queensland state, said Tuesday that PetroChina Co. has withdrawn a 185.1 million Australian dollar (US$184.7 million) takeover offer for the company. PetroChina made the......【More】

2013-05-15