Tag Archives: China

Manila is expected to produce the most Covid 19-related medical waste, followed by Jakarta and Kuala Lumpur, among the five cities surveyed by the Asian Development Bank.

China’s move to speed up the construction of natural gas storage facilities is expected to boost the storage capacity over the next two-three years, but the country is unlikely to meet its 2020 targets amid incomplete market liberalization reforms and coronavirus pandemic, trading sources said. City gas suppliers have so …

Some of the world’s largest oil producers are starting to see evidence of a rebound in demand from China, even as other economies around the world remain hobbled by the coronavirus. While it’s still early days into the Chinese recovery, limited initial sales data was encouraging, Irving, Texas-based Exxon Mobil …

Chinese coal miner Baofeng Energy has announced the start of construction of what it claims will be the world’s largest solar-powered hydrogen plant, in the Ningxia Hui autonomous region of northwest China. The RMB1.4 billion ($199 million) electrolysis project is intended to produce 160 million cubic meters of hydrogen per …

It is predicted that Iran will witness $300 million worth of goods export’s hike to Afghanistan in the current year [started March 21, 2020] as compared to a year earlier.

China’s trade with Iran has reached a stunning new low. Data released Thursday by the Chinese customs administration show that declared imports of Iranian oil in March amounted to just $115 million, down 89%, year on year.

Oil is now a buyer’s market and China is the world’s largest purchaser of crude. As prices have plunged to multi-decade lows, the country may be reaping geopolitical advantages, if not economic benefits. China relies on imports for more than 70 per cent of domestic consumption. However, some commentators have …

China imported 31 percent more oil from Russia last month while its intake of Saudi crude slipped by 1.8 percent compared to March 2019, Reuters reported, citing calculations based on official customs data. Overall crude oil imports rose by 4.5 percent on the year to 9.68 million bpd. Of the …

On April 22, Exxon Mobil officially started an ethane programe in Huizhou city, South China’s Guangdong province, in which it has invested $10 billion. It should be noted that the programme started when the whole world is fighting the Covid-19 pandemic, global oil prices are low, and many oil enterprises …

Shipments of Russian crude oil to China increased more than 30 percent in March compared to a year earlier while Saudi imports of the commodity sank, Reuters reported, citing Chinese customs data. As crumbling demand for crude and lack of storage space have been wreaking havoc on the oil market, …