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Ecuador Courts Chinese Oil Bids for Amazonian Land

Ecuador plans to auction off more than three million hectares of pristine Amazonian rainforest to Chinese oil companies, angering indigenous groups and underlining the global environmental toll of Chinas insatiable thirst for energy. On Mon......【More】

2013-03-28

China Pins Hopes on Gas

Chinas oil industry is promoting natural gas as a solution to the countrys pollution problems despite concerns that the government has set some production targets too high. In an interview during Chinas annual political meetings, a top exec......【More】

2013-03-27

Gazprom Gains Most in Week on China Gas Supplies: Moscow Mover

OAO Gazprom climbed the most in a week as Russias natural-gas export monopoly signed a supply deal with China National Petroleum Corp. The shares increased as much as 1.6 percent before trading up 1.1 percent at 141.64 rubles by 3:43 p.m. i......【More】

2013-03-27

Sinopec and Parent China Petrochemical Reach $3 Billion Deal

China Petroleum Chemical Corp. agreed to form a joint venture that will acquire $3 billion in oil and gas assets held by its state-owned parent in countries including Kazakhstan, Colombia and Russia. The joint venture between Sinopec Corp.,......【More】

2013-03-26

Russian Oil Producer Rosneft to Double Crude-oil Deliveries to China

Moscow, Russian Federation (4E) Russias OAO Rosneft reached a deal with the Chinese government Friday to double its crude-oil deliveries from its current volume, boosting energy links between the two major emerging economies, Russia and Chi......【More】

2013-03-26

Afghanistan to Start Exporting Crude-oil This Year

Chinas largest oil company is due to start commercial production of crude oil in Afghanistan shortly, heralding a resource boom that could transform the countrys economy over the next decade, the countrys mining minister said. Extraction of......【More】

2013-03-22

Major Events of China-Russia Energy Cooperation

China-Russia energy cooperation -- a crucial part of the relations between the two countries -- has once again come to the fore as Chinese President Xi Jinping is to start a visit to Russia on Friday. The following is a chronology of major......【More】

2013-03-22

Sinopec Loan Paves the Way for Storage Facility in UAE

China Petroleum Chemical Corp is leading the way for fuel producers and traders to borrow more than $500 million to build storage at the biggest oil port in the Persian Gulf region outside the Strait of Hormuz. Sinopec and a Singaporean par......【More】

2013-03-18

China's LNG Trucks May Rise Fivefold by 2015, Bernstein Says

Chinas LNG-fueled heavy-duty trucks may increase fivefold in less than two years as the country fights air pollution, Sanford C. Bernstein Co. said. Liquefied natural gas may power 247,000 vehicles by 2015, up from 51,000 last year, reducin......【More】

2013-03-18

China's Planned Crude Futures Contract May See Overseas Players - Source

The Shanghai Futures Exchange has proposed to the State Council, Chinas cabinet, to allow overseas investors to trade its long-awaited crude oil futures contract, a source close to the matter told Platts Wednesday. Besides domestic players,......【More】

2013-03-15