Tag Archives: East Asia

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

The Abu Dhabi oil major plans to invest $3.1 billion into the refinery project to introduce crude processing flexibility.

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.

The development follows the announcement last month of plans to develop the world'.s first LPG bunkering hub in Busan. South Korea.

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.