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Here Is Where PetroChina Really Beats Exxon

Whenever the market capitalization of PetroChina approaches or passes that of ExxonMobil, it becomes a headline. This has been going on for the past three years. It happened in 2012. It happened again on Thursday. And then by Fridays closin......【More】

2015-04-15

Oil rises towards $59, supported by U.S. drilling slowdown

Brent crude rose towards $59 a barrel on Monday as a slowdown in U.S. drilling continued to support prices, offsetting a drop in Chinese oil imports. Front-month Brent futures were up 93 cents at $58.80 a barrel by 1336 GMT, having earlier......【More】

2015-04-14

Karamay, an oil city in West China

The city of Karamay, located in the northwestern part of Xinjiangs Junggar Basin, has four administrative districts including Karamay district, Dushanzi district, Baijiantan district and Wuerhe district. It has a total area of 7700 square k......【More】

2015-04-13

PetroChina piped 1.8 bcm in five months to heat Xinjiang

PetroChinas Tarim Oilfield unit was supplied 1.82 billion cubic metres of gas for heating to five cities in the south of Xinjiang province over the past five months. Supply rose by 15.3% from the previous year, with 51,000 new households ad......【More】

2015-04-10

Russian natural gas to start flowing to China in 2019

Russian natural gas will start flowing to China in 2019 as planned but construction of the pipeline carrying it will not be fully completed until 2022, a Gazprom spokesman told Reuters on Monday. The state-run gas producer said last week th......【More】

2015-04-09

Xinjiang oilfields output tops 50 million tons

The oil and gas output of Northwest Chinas Xinjiang Uygur autonomous region reached 50 million tons of oil equivalent in 2014, the highest in 60 years, the regional statistical bureau announced on Thursday. Xinjiang produced 27 million tons......【More】

2015-04-08

Chinese oil demand to peak around 2017

The Chairman of Sinopec, Fu Chengyu, predicts Chinese demand for oil will peak within the next ten years or even as soon as 2017, according to a recent conference call. Sinopec, the countrys largest state-owned oil processing company, says......【More】

2015-04-07

Saudi seeks to attract non-oil capital

Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdoms investment authority said on Monday. There is a strong effort by the government to diversify t......【More】

2015-04-03

China, Russia eyeing 32 projects with $75b investment: RDIF

China and Russia are mulling 32 projects with total investment of up to $75 billion, Kirill Dmitriev, CEO of Russian Direct Investment Fund (RDIF), the countrys sovereign wealth fund, told the Global Times Monday. The projects include a pet......【More】

2015-04-02

China’s crude oil output edges up

Chinas crude oil output in the first two months rose slightly year on year, according to the countrys top economic planner. The National Development and Reform Commission (NDRC) said that crude oil production stood at 34.21 million tonnes i......【More】

2015-04-01