China | Egypt Oil & Gas - Part 23
Russia Ups Oil Exports to China
Russia exported 6.8m ton of crude oil to China in the first quarter of this year, First Deputy Energy Minister Kirill Molodtsov said, adding that the ministry expects more growth.
China Offers Nigeria $6b Loan to Fund Infrastructure
After months of talks, China has offered Nigeria a loan worth $6b to fund infrastructure projects, according to the Nigerian foreign ministry.
Vietnam Demands China to Move Oil Rig From Disputed Waters
Vietnam’s government said it had demanded China to remove an oil exploration rig from the Gulf of Tonkin, an area where the countries are still negotiating a delineation of control. Vietnam calls on China to stop com ...
BP, CNPC Ink Shale Gas Exploration Contract in China
The London-based explorer BP and China National Petroleum Corp. have signed a Production Sharing Contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, C ...
Russia to Increase Oil Exports to China
China is ready to import 27m tons of Russian crude this year, which would allow Moscow overtake Saudi Arabia as China's biggest oil supplier, according to Transneft Vice-President, Sergey Andropov. Russia exported 26 ...
China’s Oil Giants Take Spending Cuts Deeper
PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides Saudi Arabia, will reduce combined capital expenditure by about 8% this year.
China’s Fourth-Largest Oil Producer to Cut Salaries, Spending, Investments
Shaanxi Yanchang Petroleum Group, China’s fourth-biggest oil producer, is cutting investments and salaries due to the oil price crash.
China Wasted 20% of Wind Plants Power in 2015
Energy wastage on wind farms in China worsened in 2015, as plunging utilization rates kept 33.9b Wh from being delivered to the grid, the energy regulator said, the equivalent of a fifth of total generated wind power.
