China | Egypt Oil & Gas - Part 33
Oil Prices Rally on Chinese Stimulus Hopes
Oil prices rallied on Tuesday, aided by hopes of Chinese stimulus, helping to offset concerns about high supplies, traders said.
UAE Purchases Offshore, Onshore Rigs from Multiple Sources for $543 million
The United Arab Emirates' National Drilling Company has signed contracts worth $543 million to buy 14 new rigs, China Starts Construction on Pipeline to Bring in Russian Gas
Russian state gas company Gazprom says China has started construction on a pipeline to bring Russian gas to China.
Russian Oil Company Begins Trading in Chinese Currency Amid Continued Sanctions
Gazprom Neft, Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese curr ...
Debt and Payments Scheme Agreed between Iran and China
Iran and China have agreed on a new arrangement for crude oil payments under which Beijing will reimburse part of the money owed to Tehran in cash,
China to Build Nuclear Reactor in Egypt
A memorandum of understanding (MOU) to cooperate in the construction of power reactors has been signed between China National Nuclear Corporation (CNNC) and the Egyptian Nuclear Power Plant Authority (NPPA).
PetroChina Accounces First Large Scale Shale Oil Field Discovery
PetroChina announced on its official website on May 26 that the country's first 100-million-tonne large-scale shale oilfield has been discovered, the Xinanbian oilfield in northern Shaanxi, adding further oil resourc ...
Saudis Stalling Chinese Requests for More Oil
Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world's biggest crude importer hits new records. 
