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Rosneft Seeks USD 30 Billion from China

Rosneft may borrow USD 30 billion from China in exchange for doubling oil supplies under a deal that would make Beijing the largest consumer of Russian oil. Four industry sources familiar with the situation said that Rosneft was in talks wi......【More】

2013-02-19

Through the Smog, Tougher Fuel Standards Take Form

Yet heavily polluting transient trucks pose challenge in capital The murky smog that has shrouded many parts of northern China this winter has brought a pressing demand for cleaner fuel and vehicles to improve air quality. On Feb 6, the Sta......【More】

2013-02-19

Roadshows Tipped to Sell Land Bridge Oil Project

The Energy Policy and Planning Office is expected to wrap up its feasibility study for the Land Bridge project, which would connect the Andaman Coast with the Gulf of Thailand, and forward it to the Energy Ministry next month. Once the Cabi......【More】

2013-02-18

Oil and Metals Prices Retreated Last Week

LONDON: Oil and metals prices retreated last week amid quiet trading owing to Asias Lunar New Year holiday celebrations, while dealers also paused for breath ahead of a key G20 meeting. A billion-plus Asians have enjoyed a week of festiviti......【More】

2013-02-18

UK Duo Advise on $3bn Share Placement of Asia Oil Giant

Herbert Smith Freehills and Freshfields Bruckhaus Deringer have advised on the $3.1bn (￡1.98bn) private share placement of Asias largest oil and gas company, Hong Kong-listed China Petroleum Chemical Corp (Sinopec). The pair advised on bo......【More】

2013-02-17

Sinopec Corp. Successfully Completes Placing of New H Shares

China Petroleum Chemical Corporation (Sinopec Corp. or the Company) (hkex:386)SNP +0.67% (ch:600028) is pleased to announce that, further to its announcement earlier this month, it has successfully completed its placing today of an aggregat......【More】

2013-02-17

Oil Prices Hit All-time High in Cambodia

Oil prices in Cambodia hit the highest of all time on Friday, with a liter of premium gasoline going for 1.45 U.S. dollars at all petrol stations in the capital. The price is the highest ever if compared with the peak price of 1.41 U.S. dol......【More】

2013-02-16

Honghua, Shenhua Enter Shale Gas JV

Honghua Group Ltd, Chinas largest exporter of oil-drilling equipment, and Shenhua Group, the countrys biggest coal producer, have agreed to explore unconventional natural gas together, the latest major move in the booming field. The two com......【More】

2013-02-16

Higher Fuel Standards

With the search for the culprits that caused the notorious smog homing in on low-quality fuel, Chinas fuel standards are set to rise. If it reduces pollution and improves the air quality then the cost is worth paying, but the decision of wh......【More】

2013-02-06

China's Dependency on Imported Oil Hit 56.4 pct in 2012

Data released by the National Development and Reform Commission shows that China produced 207 million metric tons of crude oil in 2012, up 1.9 percent year-on-year (YoY). China imported 271 million metric tons of crude oil, up 7.3 percent Y......【More】

2013-02-06