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China's CNPC to join key Ecuador refining project

CNPC expects to firm up a draft pact by end 2013 to join a major refinery project in Ecuador and expand its oil exploration efforts there, CNPC said. CNPC Chairman Zhou Jiping had signed a framework agreement with Ecuadors Coordinating Mini......【More】

2013-06-14

Greece to hold new tender for sale of gas firm DEPA as privatization hits snag

Greece will hold a new international tender for the sale of gas firm DEPA a government official announced on Monday, as the privatization program under way in the context of efforts to raise revenues to tackle the debt crisis, hit a snag. A......【More】

2013-06-13

Oil prices rise as U.S. dollar weakens

Oil prices rose Wednesday as the U.S. dollar weakened against other major currencies. The U.S. dollar fell against most major currencies Wednesday ahead of the U.S. retail sales data for May, which is seen as another indicator for whether t......【More】

2013-06-13

China: Middle East's big oil importer

China imports more oil from the Middle East than any other region of the world. In 2011, China imported 2.9 million barrels per day (b/d) of Middle Eastern oil, which accounted for 60 percent of Chinas oil imports. For comparison, the Unite......【More】

2013-06-09

CNPC, Recope agree on refining JV finance

China National Petroleum Corp. and Refinadora Costarricense de Petroleo (Recope) have signed a cooperation agreement for financing the refining joint venture they have formed in Costa Rica (OGJ Online, Sept. 4, 2009). The JV is to revamp th......【More】

2013-06-08

Sinochem takes large stake in US shale block

Sinochem Group, a State-owned conglomerate involved in energy, agriculture, chemicals, real estate and financial services, has purchased a 40 percent stake in a US shale gas block. Sinochem Petroleum USA LLC, a subsidiary of Sinochem, on Fr......【More】

2013-06-07

Gasoline in Midwest Spikes on Supply Concern

The final and holiday-shortened trade week in May brought about a great amount of volatility in US oil markets, which whipsawed in futures and spot trading on a multitude of concerns ranging from assessments of U.S. and global economies, Fe......【More】

2013-06-06

China boosts oil presence in turbulent Myanmar

Chinas national oil company said its finished building six new oil storage tanks on a tiny island off the coast of Myanmar. More work is planned there in terms of pipeline infrastructure as China tries to get around busy shipping lanes. Inv......【More】

2013-06-05

CNOOC to fund Altona early works on multi-billion dollar coal-to-liquids project

Chinese energy giant China National Offshore Oil Corporation has committed significant funding to accelerate work on a multi-billion dollar joint venture project with Altona Energy in the states north - first announced in 2009. The financia......【More】

2013-06-04

Trans-Myanmar pipeline ready for trials: CNPC

The Trans-Myanmar natural gas pipeline has been completed and is ready for trial operations, state-owned China National Petroleum Corporation (CNPC) said on its website on Friday, adding that a parallel oil pipeline is 94 percent complete,......【More】

2013-06-03