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CNPC signs strategic procurement agreement with ANSTEEL

On January 15, CNPC and Ansteel Group Corporation (ANSTEEL) signed a strategic procurement agreement in Beijing to carry out extensive exchanges and cooperation in strategic procurement, market assurance, information sharing and development......【More】

2014-01-17

China's chemical material and product sector's profit up 10.9% in Jan-Nov

Chinas chemical material and product manufacturing industry recorded a gross profit of RMB 342.17 billion in the first eleven months of 2013, reflecting a growth of 10.9% year on year, according to the latest data released by the National B......【More】

2014-01-16

India-China JV mentioned in Ecopetrol-PetroTiger bribery investigation

Colombia state oil firm Ecopetrol and the central governments transparency department have filed a claim against a former Ecopetrol official as part of an ongoing bribery investigation by Colombias prosecutor general, a company press releas......【More】

2014-01-15

Sinopec plans to build $3.1bn plant

Sinopec Engineering Group said it has entered into a deal to build a $3.1 billion plant in northern China to turn coal into petrochemicals, as China seeks to reduce its reliance on petrochemical imports. Sinopec Engineering will be responsi......【More】

2014-01-14

China punishes state oil refiner chief over blast

Chinese authorities are holding Chinas largest oil refiner and its top management responsible for a November pipeline explosion that killed 62 people and injured scores of others in the eastern port city of Qingdao. The State Council, China......【More】

2014-01-13

China’s annual shale gas production surges by more than five times

Shale-gas production in China, holding the worlds biggest shale reserves, surged by more than five times last year to 200 million cubic meters, according to the Land and Resources Ministry. PetroChina Co.s Changning-Weiyuan and Fushun-Yongc......【More】

2014-01-10

Chinese oil refining capacity expected to reach 140 million ton surplus in 2015

Chinas oil refining capacity is expected to reach a surplus of 140 million tons in 2015, and increase to 190 million tons in 2020. The refining capacity is also expected to overtake the growth of oil product consumption in the country durin......【More】

2014-01-09

China's petrochemical industry's export-import value up 2.3% in Jan-Nov

The export and import value of the petrochemical industry in China climbed 2.3% year on year to US$369.6 billion in the first eleven months of 2013, according to the latest statistics released by the National Development and Reform Commissi......【More】

2014-01-08

Gazprom close to agreeing pricing deal on China gas supplies

Investors in Gazprom seemed unconcerned about it missing another deadline to sign a massive deal for gas supplies to China by the end of 2013. In fact, Russias state gas company has been discussing the planned deal with Chinas CNPC for so m......【More】

2014-01-07

Sinopec Engineering wins big contract

Sinopec Engineering (Group) Co has won an 18.67 billion yuan (US$3.1 billion) contract to build one of the worlds largest coal-to-chemical projects in north China. The company, a unit of Asias top refiner Sinopec Group, will be responsible......【More】

2014-01-06