Unipec, the trading arm of top Asian refiner Sinopec, has so far declined Saudi Aramco's offer of more Saudi crude oil to replace Libyan crude supplies, Reuters reported citing trading sources Monday.
The world's first 660-kilovolt direct current power transmission system began to supply energy from Northwest China's Ningxia Hui Autonomous Region to the eastern Shandong province Monday.
Chinese Premier Wen Jiabao said Sunday that the country aims to reduce energy consumption per unit of gross domestic product (GDP) by 16 to 17 percent by 2015 from 2011 levels.
China's energy consumption per 10,000 yuan ($1,520) of gross domestic product went down 4.01 percent year-on-year in 2010, said the National Bureau of Statistics Monday.
There are six significant factors to know about the rise in the price of oil when we look at the NYMEX West Texas Crude price chart:
All construction work on the Three Gorges Project will have been completed by 2015, said a spokesman with the developer, China Three Gorges Corporation (CTGC), Friday.
China's thermal power plants may suffer more loss this year as rising coal prices on global markets will drive up domestic coal prices, said a report released Friday by the China Energy Research Society (CERS).
Construction and transport have become China's largest energy-consuming sectors, according to research released in Beijing on Friday.
China Petrochemical Corporation (Sinopec) announced Friday that it has signed a heads of agreement with Australia Pacific LNG Pty Ltd (Australia Pacific LNG) establishing non-binding key commercial terms for the supply of up to 4.3 million tons per annum of liquefied natural gas (LNG) for 20 years.
A joint exploration project between China National Petroleum Corp (CNPC) and Paris-based Total SA in the South Sulige gas field is likely to get approval from China's central government soon, said Jacques de Boisseson, general representative of Total in China on Thursday.
China Petroleum & Chemical Corp, Asia's largest refiner, is selling the world's biggest convertible bond issue of this year, raising money at a lower cost than by selling shares or plain debt.
CNPC and Chevron have started building gas production capacity at the Chuandongbei gas field in southwestern Sichuan province, Reuters reported on Thursday, citing the top Chinese oil and gas firm.
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