China's net coal imports may reach 233 million tons next year, up from 143 million in 2010, said Bloomberg News Tuesday, citing a report released by Citigroup Inc on Nov 29.
State-owned China Oilfield Services has announced a contract with Norway's Statoil for drilling in the North Sea, the Associated Press reported Monday.
China Datang Corp Renewable Power Co raised $643 million selling shares in Hong Kong at the bottom of its range, as investors shun renewable energy companies, Bloomberg News reported Monday.
While beating international big names and securing one international contract after another, however, Sinopec has had to cope with many challenges that those who only eye its glowing acquisition and merger records would have ignored.
China has ordered coal producers to freeze 2011 contract prices of coal supplied to power stations, the Beijing Times reported Friday. Experts believed this move will ensure relatively stable electricity prices next year.
China Petrochemical Corporation, Asia's largest oil refiner, plans to purchase the entire oil and gas assets in the Argentiniean arm of US-based Occidental Petroleum Corp (OXY) for $2.45 billion, its first foray into the South American country's upstream oil and gas sector.
China Petrochemical Group (Sinopec), China's largest oil refiner, said Friday it has agreed to purchase US Occidental Petroleum Corp's Argentinean subsidiary for $2.45 billion.
China's bioethanol production will reach 10 million tons a year by 2020, resulting in a 10 percent drop in oil imports, according to COFCO group, China's largest grain trader.
China National Offshore Oil Corp (CNOOC) signed a deal on Wednesday with Australia's Exoma Energy Ltd for a 50 percent direct investment in a coal seam gas project (CSG) in Queensland.
As part of a 1.25-billion-dollar agreement, Serbian and Chinese officials signed a 344-million-dollar contract for the first phase of work to upgrade the outdated Kostolac thermal generating plant, on Wednesday in Belgrade.
Experts blame coal-fired heating in winter in most northern parts of China for worsening pollution.
China is trying to reach its emission reduction goal, said the head of the Chinese delegation at the ongoing United Nations climate change conference held in Mexican city Cancun on Monday.