The European Commission has granted clearance for the proposed $15 billion acquisition of Canadian company Nexen by China's state-owned CNOOC, the EC said Friday. It had been unclear whether approval from the EU for the deal, which is ...
Tags: acquisition, oil production, gas operations
Winter demand for natural gas in Shanghai is expected to rise by 50% year on year to nearly 30 million cubic meters/day (1.06 Bcf/day), Chinese state company PetroChina said Thursday. The company said the increase is due to rising gas ...
Tags: demand for natural gas, rising gas demand, seasonal consumption
The Chinese government's latest move to combat tax evasion by imposing a consumption tax on MTBE and aromatics is likely to raise gasoline blending costs and make imports of finished gasoline relatively more cost-effective, industry sources ...
Tags: Tax on MTBE, Gasoline, aromatics
A little heralded change to China's crude import rules may have a much greater impact on Asia's fuel oil market next year further depressing margins for the residue. Industry sources said that China National Chemical Corporation may be ...
Tags: teapot, PetroChina, Sinopec, CNOOC, fuel