China | Egypt Oil & Gas - Part 26
Sinopec Starts Production in Fuling Shale Gas Project
China's Sinopec, Asia's largest oil refiner, has started production in the first phase of its Fuling shale gas project in the Sichuan Basin of a southwest province with an annual capacity of 5bcm.
China to Develop Iran’s North Azadegan Oil Field
Tehran has commissioned China National Petroleum Corporation (CNPC) to develop the second phase of the North Azadegan oilfield project in Iran with a production output of up to 75,000 b/d.
China Establishes AIIB, Potential Rival to WB
The China-led Asian Infrastructure Investment Bank has been established end December as a potential rival to the World Bank and the Asian Development Bank - expected to be operational already in early 2016.
GE Wins $15.5b Hydropower Plant Contract in China
General Electric Co. has won a $15.5b contract to supply turbines to Wudongde hydropower plant being built in China.
Gazprom to Launch Siberia Gas Pipeline to China
Russia's Gazprom has awarded contracts to Stroygazmontazh (SGM) worth $2.8b for the construction of the Power of Siberia gas pipeline to China.
Russia Vies with Saudi in Oil Exports to China
Russia has outrun Saudi Arabia as the largest crude oil supplier to China in November.
Angola Secures 10-Year Commitment from Chinese Oil Firm
Angola’s state energy company Sonangol signed a 10-year agreement with Sinochem Group seeking to increase its funds to withstand low oil price and US shale competition.
Mubadala Strikes Strategic Agreement with China National Petroleum
The UAE's Mubadala Petroleum and China National Petroleum Corporation (CNPC) have signed an oil and gas exploration and production co-operation agreement.
