China | Egypt Oil & Gas - Part 25
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.
China Wants More of Nigeria’s Oil
China is seeking more crude oil exports from Nigeria in spite of the recent changes in oil prices. In 2015, total amount of the Nigerian crude export to the country was about 1m barrels, which means 1.3% of Nigeria’s ...
Djibouti, Ethiopia, China Start $4b Mega Gas Project
Djibouti, Ethiopia, and China have launched a new mega gas project, which comprises a natural gas pipeline, a liquefaction plant, and an export terminal at Damerjog in Djibouti, worth a total investment of approximat ...
Djibouti Launches Mega Gas Project
Republic of Djibouti and Ethiopia have launched a new $4b mega-gas project for the export of Ethiopian gas. This will become the second major joint energy infrastructure project between the two countries.
National Bank of Egypt Receives $700m Loan from China
The National Bank of Egypt (NBE) has received a $700m (EGP 5.5b) loan from the China Development Bank to finance infrastructure projects in energy and other sectors.
China Marks First-Ever Ultra Deepwater Gas Discovery
China's China National Offshore Oil Corp (CNOOC) said it had tapped country's first ultra-deepwater natural gas discovery in the northwestern part of the South China Sea. An "ultra-deep" well is categorized as one th ...
Brazil’s Petrobras Secures $10b in Chinese Loan to Pay Debts
The integrated Brazilian energy company Petrobras has secured a $10b loan from the China Development Bank (CDB) in exchange for supplying petroleum to Chinese companies or to be repaid in cash.
