Keyword: China oil industry

News

PetroChina Plans Overseas Investments while Q2 profit slides

23.08.2012 - PetroChina, the country's dominant oil and gas producer which also owns refineries, has earmarked close to $16 billion for overseas investment this year as it aims to have half its...

News

CNOOC to Buy Nexen for $15.1 Billion in China's Largest Foreign Deal

24.07.2012 - State-controlled CNOOC launched China's richest foreign takeover bid yet on Monday by agreeing to buy Canadian oil producer Nexen for $15.1 billion, forcing Ottawa to decide...

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Sinopec Turns Down Cut-Price Iran Crude

12.06.2012 - Chinese refiner Sinopec has turned down offers of bargain Iranian crude and will cut imports by up to a fifth this year, a senior Chinese oil executive said, insisting ties with...

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Refining Losses Hit China's PetroChina, Sinopec

27.04.2012 - Hefty refining losses continued to weigh on profits at Chinese state oil giants PetroChina and Sinopec in the first three months of the year, with the latter posting a worse than...