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  • Sinopec net profits soar on oil price rises

    2011-01-25 11:18

    China Petrochemical Corp (Sinopec Group), Asia's largest oil refiner by capacity, is expected to report a more than 100 billion yuan ($15 billion) net profit in 2010, as surging oil prices pushed up its performance in the upstream sector.

  • PetroChina halts gas shipments to industry

    2011-01-25 11:11

    PetroChina has halted natural gas shipments to some downstream industrial users in North China this month to guarantee sufficient residential supplies, the National Business Daily reported Tuesday.

  • CNNC, Exelon agree on nuclear service cooperation

    2011-01-24 15:28

    Chinese nuclear power developer China National Nuclear Corp (CNNC) and US-based Exelon Corp signed an MOU last week, marking the first step for the top US nuclear power operator to provide nuclear power service in China.

  • Overseas oil dependence ratio surpasses 55%: Report

    2011-01-24 13:41

    China's overseas crude dependence ratio surpassed 55 percent, the Economic Information reported Monday, citing an industry report.

  • China Power New Energy sells $270m new shares

    2011-01-24 11:15

    China Power New Energy Development Co Ltd said it planned to sell 2.8 billion new shares to China Yangtze Power Co, raising HK$2.1 billion ($270 million) to fund its investment in power generating projects.

  • Sinopec refines 13% more crude oil in 2010

    2011-01-22 10:38

    China Petroleum and Chemical Corp (Sinopec), the nation's largest oil refiner, said on Friday that it processed 211 million tons of crude oil in 2010, up 13.2 percent year-on-year.

  • CRP digs in to secure more coal assets

    2011-01-22 10:01

    China Resources Power Holdings Co (CRP) said it's seeking to buy a controlling stake in a coal-mining project in Shanxi province, for about 6 billion yuan ($910 million).

  • China's rare earth producers push for clear national strategy

    2011-01-21 17:15

    Local political advisors and industry insiders in China's leading rare earth producing regions are pushing the central government to issue a clear national strategy for the industry's development.

  • 12m barrels of oil added to reserves in '10

    2011-01-21 13:26

    China added 12 million barrels of crude to its strategic petroleum reserve over the course of last year, according to Reuters calculations based on figures issued on Thursday by the country's leading oil firm.

  • China to auction 8 shale gas blocks in Q1

    2011-01-21 11:29

    China will auction eight shale gas exploration blocks in the first quarter of this year, two more than first planned and months later than originally scheduled for November last year, a ministry official said on Thursday.

  • Natural gas consumption to increase

    2011-01-21 09:44

    China's apparent natural gas consumption is expected to grow by 22.6 percent in 2011 from 106 billion cubic meters (cu m) in 2010. That's because domestic consumption of the clean fuel is set to surge in accordance with the country's need to reduce carbon emissions.

  • Sun shining brightly on blossoming green industry

    2011-01-20 17:01

    China is on track to play a leading role in the green sector, as more Chinese companies in the sector are investing in the United States and creating jobs.

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