China | Egypt Oil & Gas - Part 28
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.
China Oil Product Exports On the Rise
China's oil product exports increased to the level of between 68 % to 77 % in November, compared to the previous month, over a bleak domestic demand for refined products.
Oman Ponders $4b Investment to Boost Oil Output
Oman Oil's exploration and production division mulls investments worth $4 billion over the next five years to boost its oil output up to 200,000b/d in 2020.
EC Extends Restrictions on China’s Solar Panel Import
The European Commission (EC) has extended restrictions on Chinese solar panels import to Europe over a pending review of market protection measures as set by the 2013 EC arrangement, due to expire by end 2015.
China Edging Back to Iran’s Crude
Iran is taking steps to ramp up oil exports by 500,000bd ahead of the end of international sanctions, and to extend its crude contracts with Chinese buyers in 2016.
UAE’s Clean Coal Project to Emerge by 2020
Saudi Arabia's Acwa Power, and China-based Harbin Electric Corporation, are to build up a clean coal power plant in the Gulf region - Hassyan, comprising of two 600MW units to serve Abu Dhabi and the UAE by March 2020.
China Issued Sentences over 2013 Oil Pipeline Explosion
China has sentenced 14 officials at Sinopec, the China's state energy firm, and the local government for up to five years in jail in connection with the 2013 oil pipeline explosion.
