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  • China's private refineries blame oil shortage on monopoly

    2010-12-02 13:27

    The reason behind the diesel shortage was the monopoly of the oil market by a few State-owned oil giants that led to insufficient supplies when demand rose, said Zhang Yue, chairman of the petroleum unit with the All-China Federation of Industry and Commerce (ACFIC).

  • Power giants take hit from high cost of coal

    2010-12-02 11:22

    China's five major power-generation giants are suffering serious losses due to rising coal prices while the authorities are taking measures to curb the hikes, according to the China Electricity Council.

  • China reiterates order on coal companies to stabilize prices

    2010-12-02 11:15

    China's top economic planning agency repeated its order on Wednesday for coal companies to keep coal prices stable, one week after it made the same call as part of the government's efforts to check inflation.

  • China hits 5-yr plan target for emissions reduction

    2010-12-01 15:45

    China's chief negotiator to the UN climate change talks in Cancun has said that since 2006 the country has emitted 10 percent less pollution than the previous five years.

  • CNPC to expand oil, gas pipeline network

    2010-12-01 15:21

    China National Petroleum Corp, the country's largest energy company, will expand its network of oil and natural gas pipelines by 80 percent in the five years through 2015, Bloomberg reported on Dec 1.

  • Yangtze Power may buy into EuroSibEnergo

    2010-12-01 13:43

    China Yangtze Power Co, the nation's biggest hydro-dam operator, is in talks to buy a stake in OAO EuroSibEnergo as a key investor for the Russian utility's planned initial share sale in Hong Kong, said three people familiar with the matter.

  • China 2011 net coal imports to surge 63%

    2010-12-01 10:56

    China's net coal imports are expected to jump a staggering 63 percent to more than 200 million tons in 2011, as domestic output struggles to keep pace with blazing demand, Reuters reported on Nov 30, citing Citigroup.

  • Energy firm makes its mark in China, abroad

    2010-11-30 16:51

    Now that it has successfully secured a listing on the Nasdaq global market, CEO Li Gang and NF Energy Saving Corp wants US investors to get into the flow of aiding China's future in energy conservation.

  • China's Shenhua says CTL plant to begin storing carbon in '11

    2010-11-30 15:24

    A pilot carbon capture and storage (CCS) facility built by China's Shenhua Group will begin storing carbon dioxide early next year, an official with the firm said on Tuesday.

  • Uranium rises to 2-year high

    2010-11-30 13:38

    Uranium rose to the highest in more than two years after China Guangdong Nuclear Power Co agreed on long-term supply with the two largest producers, and on expectations Asia's biggest economy will boost its reactor-building targets.

  • Bridas buys rest of Pan American

    2010-11-30 13:36

    Bridas Corp, the oil company owned by Chinese crude producer CNOOC Ltd and Argentina's billionaire Bulgheroni family, agreed to pay BP Plc $7.06 billion for the 60 percent it doesn't already own of Pan American Energy LLC.

  • Huaneng buys into InterGen

    2010-11-30 10:58

    China Huaneng Group, the nation's largest electricity producer, will pay $1.23 billion for a 50 percent stake in Massachusetts-based power utility InterGen in its biggest overseas acquisition in more than two years.

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