Archive for January, 2008
Oil output, consumption both hit record high in 2007
China scored new highs both in oil output and consumption in 2007, boosted by the robust growth momentum of its economy. Sources with the China Petroleum and Chemical Industry Association, the industr... Read More
Day of Reckoning for China’s Sovereign Fund ?
China’s sovereign wealth fund has overly concentrated its investments in financial assets, leaving it little room to take further advantage of the credit crunch and facing difficulty in paying o... Read More
Sinopec to expand refineries
China Petroleum & Chemical Corp (Sinopec), supplier of two-thirds of the nation’s auto fuels, plans to spend about 16 billion yuan expanding plants in central China, a company official said.... Read More
Fan Jixiang Visits the Democratic Republic of Congo and Signs Package Cooperation Agreement
From January 26 to 28, on the invition of the government of the Democratic Republic of Congo, General Manager of Sinohydro Corporation Fan Jixiang participated in the delegation which was led by Pre... Read More
Rapid Production Growth & New Projects to Be 2008 Highlights for
HONG KONG, Jan. 29 /Xinhua-PRNewswire-FirstCall/ — CNOOC Limited (the “Company” or “CNOOC Ltd.”; NYSE: CEO; HKEx: 883) today announced its business strategy and developme... Read More
CNOOC Ltd. Ink A Deal with Talisman on Tangguh LNG Project
HONG KONG, Jan. 27 /Xinhua-PRNewswire-FirstCall/ — CNOOC Limited (NYSE: CEO; SEHK: 883, “the Company”) announced today, it has reached agreement with Talisman Energy Inc. to sell a 3... Read More
GDP more than 24 trillion yuan
China’s gross domestic product (GDP) reached 24.6619 trillion yuan in 2007, up 11.4 percent over the year previous, said the National Bureau of Statistics last Thursday. It was the fifth consecu... Read More
Coalbed methane developer gets tech boost
The nation’s main coalbed methane developer signed a deal with two companies on Friday for a new technology to boost production. China United Coalbed Methane Corp Ltd (CUCBM) signed the agreemen... Read More
China to deliver two 50-seat planes to Bolivia
China will deliver two MA60 regional planes to Bolivia in February, the first Chinese aircraft to enter South America, China National Aero-Technology Import & Export Corp (CATIC) said on Friday. T... Read More
Former Sinopec manager expelled from Party for corruption
Chen Tonghai, former general manager of the China Petroleum and Chemical Group (Sinopec), has been expelled from the Communist Party of China (CPC) and the government and officially charged with corru... Read More
ICBC eyes more foreign banks
Industrial and Commercial Bank of China (ICBC), the mainland’s largest bank, is prepared to acquire more foreign banks, possibly this year, a senior executive said. “It’s possible th... Read More
China to set up agricultural technology center for Sudan
China will assist Sudan in establishing an agricultural technology demonstration center, according to a cooperative protocol signed in Khartoum by the two countries Thursday. The center, covering abou... Read More
Armed groups in eastern DRC sign ceasefire deal
The armed groups in eastern Nord-Kivu province of the Democratic Republic of Congo (DRC) signed a ceasefire deal Wednesday, officials said. Kambasu Ngeze, delegation chief for the Tutsi renegade ex-ge... Read More
