Tag Archives: China

China'.s State control on foreign exchange flow was a key reason for the repeatedly postponed launch of Shanghai crude futures.

CNPC has agreed to purchase about 1.2 million tonnes of US LNG per year.

EIA reported that Russia. however. is the largest oil supplier to the Chinese market.

The world’s second-biggest economy aims to install 200 GW of power generation capacity. with 77 GW from clean energy sectors. by 2020.

Subsidiaries of CNOOC. Hess Corp. Chevron Corp and Statoil ASA each have a 25-percent stake in the project. while Hess is the operator.

Shale gas will only become a leading driver for growth in the longer-term.

The quality of crude oil is measured based on the amount of sulphur and the level of gravity or density.

Since 2007. China has loaned more than $50 billion to Venezuela through an oil-for-loans.

Production from all oilfields in West Karoun block is close to 300.000 barrels a day.

CNOOC expects to drill 132 wells this year. up from 126 wells drilled in 2017.