Archive for October, 2007
Oil price hikes put refiners in a bind
Soaring global oil prices have led to small refiners drastically cutting down on production - forcing Sinopec to fill the void. Since the prices of refined oil products are set by the central governme... Read More
Tanzanian President Inspects the Victoria Lake Water Supply Project Undertaken by Sinohydro Corporation
Tanzanian President MR.Mhe. Jakaya Mrisho Kikwete inspected the big basin of Victoria Lake Water Supply Project item III construction site which is undertaken by the Thirteenth Bureau of Sinohydro Cor... Read More
CNOOC Ltd. Stable Operation Result in Q3 with Increased Overseas
HONG KONG, Oct. 30 /Xinhua-PRNewswire-FirstCall/ — CNOOC Limited (NYSE: CEO; SEHK: 883; “the Company”) announced today that all operations are going stably in the third quarter. The ... Read More
Natural gas output set to soar by 2020
Natural gas output is set to almost triple by 2020 as the country’s top producer steps up exploration and exploitation, a top expert told an energy forum in Beijing Monday. “Gas production... Read More
Sinopec’s net profits up 43.65% in first three quarters
China Petroleum and Chemical Corporation (Sinopec) on Tuesday announced net profits of 48.7 billion yuan (US$6.5 billion) in the first three quarters, up 43.65 percent from the same period last year. ... Read More
China opens another copper mine in Zambia
China opened another copper mine in Zambia, Non-Ferrous China Africa (NFCA) of China Non- Ferrous Metals Mining Corporation (CNMC) announced Kitwe, Zambia Saturday. Zambian Vice President Rupiah Banda... Read More
‘Africa should not be denied business opportunities with China’
Zambia has defended its willingness to develop trade relations with China, saying Africa should not be denied Chinese investment, the Post reported on Saturday. “Our (Western) colleagues are mak... Read More
Cambodia Kamehay BOT Project Gained Electricity Generation Permission Certificate
After endeavors for more than one year, the International Company passed through the EAC (Electricity Authority of Cambodia) on the examination of Cambodian Kamehay Project in October 24 and abtained ... Read More
China, Costa Rica to begin FTA process
China and Costa Rica said they will conduct a feasibility study on a free trade agreement - four months after the two established formal diplomatic ties. The move was announced by top officials from t... Read More
City of London woos CIC
The City of London, a leading international financial center, is lobbying China’s new sovereign wealth fund to set up a branch in London. Alderman John Stuttard, lord mayor of the City of London... Read More
South African, Chinese banks forge strategic partnership
South African banking giant Standard Bank Thursday announced a major strategic partnership with the Industrial and Commercial Bank of China Limited (ICBC) in terms of which ICBC will become a 20 perce... Read More
ICBC to buy 20% of South Africa’s Standard Bank
The Industrial and Commercial Bank of China (ICBC), the country’s biggest lender, announced on Thursday it has reached an agreement to acquire a 20-percent stake in South Africa’s Standard... Read More
Sinopec stepping up exploration efforts
Sinopec, the country’s second largest oil company, is set to launch a research program on marine-facies oil and gas exploration, sources familiar with the situation have told China Daily. About ... Read More
