China

  • China’s CNOOC Starts Liuhua 29-2 Natural Gas Field Production

    China’s CNOOC Starts Liuhua 29-2 Natural Gas Field Production

    Monday, 10th May 2021

    CNOOC Limited has started natural gas production from Liuhua 29-2 field in the eastern South China Sea, according to CNOOC’s press release.

  • Sinopec Seeks Carbon Neutrality by 2050

    Sinopec Seeks Carbon Neutrality by 2050

    Monday, 29th March 2021

    China’s Sinopec Corporation seeks to be carbon neutral by 2050, aligning with its short term strategy focused on natural gas development and a long term pivot to hydrogen, according to Reuters.

  • QP, Sinopec Signs a 10-Year LNG SPA

    QP, Sinopec Signs a 10-Year LNG SPA

    Tuesday, 23rd March 2021

    Qatar Petroleum (QP) signed a 10-year Sale and Purchase Agreement (SPA) for liquified natural gas (LNG) with China Petroleum and Chemical Corporation (Sinopec) for the supply of 2 million tons per year (mmt/y) of LNG to China.

  • Iraq Negotiates to Build Oil Storage in China

    Iraq Negotiates to Build Oil Storage in China

    Monday, 15th February 2021

    The Iraq’s Oil Minister, Ihsan Abdul Jabbar, said that his government is going into advanced negotiations with the Chinese companies to establish oil storage facility in China seeking to boost its oil sales to Asia.

  • Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020

    Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020

    Thursday, 21st January 2021

    Saudi Arabia, which is the largest oil exporter in the world, keep its ranking as the first oil supplier for China during 2020, beating Russia .

  • China’s Oil Throughput Decreases to 14.9 mmbl/d in December

    China’s Oil Throughput Decreases to 14.9 mmbl/d in December

    Monday, 18th January 2021

    Chinese oil productivity has gradually declined by 0.5% reaching 14.9 million barrels per day (mmbl/d) in December 2020 after recording a high in November. While the country’s total crude proceeded during 2020, jumped up 2.7% reaching 13.51 mmbl/d compared to the previous year.

  • China Oil Imports Records 542.39 MMT in 2020

    China Oil Imports Records 542.39 MMT in 2020

    Thursday, 14th January 2021

    According to data issued by the General Administration of Customs, the total China’s oil imports during 2020 reached 542.39 million tons

  • Sinopec Establishes First Phase of Weirong Gas Field

    Sinopec Establishes First Phase of Weirong Gas Field

    Wednesday, 6th January 2021

    The Chinese Sinopec company announced the establishment of the first phase of a new shale gas field, Weirong, in southwestern Sichuan at a production capacity estimated at 1 billion cubic meters of natural gas per year (bcm/y).

  • Eni Signs Energy Cooperation MoU with China

    Eni Signs Energy Cooperation MoU with China

    Wednesday, 30th December 2020

    Eni’s Chief Executive Officer (CEO), Claudio Descalzi, and the Director General of the International Cooperation Center of the National Development and Reform Commission (ICC-NDRC), Huang Yong, signed a Memorandum of Understanding (MoU) to promote energy cooperation between Eni and China.

  • South Pars Starts Drilling Operations at Phase 11

    South Pars Starts Drilling Operations at Phase 11

    Wednesday, 23rd December 2020

    Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021.