PetroChina | Egypt Oil & Gas - Part 3
China to Sell $9.45b Stakes in Gas Pipeline
China Petroleum & Chemical Corporation (Sinopec), the second-largest oil and gas group in the country, plans to sell 50% of its premium Sichuan-East China natural gas pipeline business to investors, Reuters report...
Exxon, Petrochina to Develop Iraq’s Oil Fields
ExxonMobil and Petrochina are in talks with the Iraqi government about possible solutions to boost crude production at the Nahran Oman and Artawi fields, said Iraqi Deputy Oil Minister, Fayyad Al-Nima, according to Bl...
Egypt Negotiates LNG Imports
The Egyptian government is in negotiations with the states, that are involved in a joint-cooperation agreement with Egypt and own LNG companies, to supply Egypt’s LNG requirements for two years. The LNG supplying cont...
China’s Crude Oil Output Slips in First Half of 2016
According to the National Development and Reform Commission (NDRC), China’s crude oil output dropped by 4.8% year-on-year to 100.45m tons in H1 of 2016, reported China Daily. Xinhua wrote that the drop came as the oil...
Chevron, PetroChina Start Sour Gas Production in Sichuan Basin
Chevron Corp. and PetroChina Co. began long delayed gas production from the Luojiazhai onshore field in China’s southwestern regions of Sichuan and Chongqing, at the end of 2015, with an annual production capacity of ...
China Oil Major Sells its Trans-Asia Gas Pipeline Assets
China National Petroleum Corporation (CNPC), the country’s biggest oil company has sold 50% of its interest in the Trans-Asia Gas Pipeline Co. for $2.3-2.4b, far below the market price, to China Reform Holdings ...
Iraq Seeking Foreign Investments to Increase its Oil Output
Iraq’s state-run South Oil Co. (SOC) has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar Integrated South Project to boost infrastructure that will allow to increase output from Ir...
China Strives for Energy Sector Reform with PetroChina Sales
PetroChina Co. announced plans to unload $2.4b in Central Asian pipelines by selling a 50 % stake in Trans-Asia Gas Pipeline Co. to China Reform Holdings Corp., another state-owned company, Bloomberg reported. The mo...
