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China to Lower The Prices of Both Gas and Diese

Apr 30, 2019

China will lower the retail prices of both gas and diesel by 85 yuan (12.3 U.S. dollars) per tonne from Wednesday due to falling international prices, according to the country's top economic planner. It will be the second oil price cut ...

Tags: gas, diesel

China Sets Oil, Gas Supply Targets by 2020

Jan 20, 2017

China aims to increase domestic crude oil output to 200 million tonnes by 2020, while supply capacity for natural gas should exceed 360 billion cubic meters, according to plans published Thursday. China will add 1 billion tonnes of proven ...

Tags: Oil, Gas

China May Apply Brakes to Strategic Oil Reserve Growth

Dec 16, 2015

After more than doubling its strategic oil reserves since last year, China may apply the brakes to its buying spree as storage availability is expected to be limited, while a climate of depressed prices will reduce any urgency to snap up ...

Tags: Oil Reserve, crude, oil price

The Exports of Petrochemical Products From Iran Increased by Six Percent

Aug 13, 2014

The exports of petrochemical products from Iran increased by six percent during the first quarter of the current Iranian calendar year that started on March 21, 2014, reports Press TV. The data shows that petrochemical exports increased ...

Tags: Textile Exports, Textile

Fanavaran Petrochemical Company Surpassed Its Record of Monthly Methanol Production

Aug 13, 2014

Iran-based Fanavaran Petrochemical Company has surpassed its own earlier record of monthly methanol production, FARS News Agency reported. During the last month of the Iranian calendar year that ended on July 22, the company produced ...

Tags: Fanavaran, Output, Textile

The Exports of Petrochemical Products From Iran Earned US$838 Million

Aug 12, 2014

The exports of petrochemical products from Iran earned US$ 838 million in the first four months of the current Iranian calendar year that began on March 21, 2014, according to an IRNA report. During the four-month period, Iran ...

Tags: Exports, US$838 Million, Textile

The Government of Iran Has Issued Instructions to Oil Refineries and Petrochemical Units

Jul 30, 2014

The Government of Iran has issued instructions to oil refineries and petrochemical units to not to reduce their feedstock supply to downstream petrochemical units, reports Shana. The order issued by Iran’s Minister of Petroleum ...

Tags: Oil Refineries, Petrochemical units

An Investment of US$ 33 Billion Is Needed for Financing The Petrochemical Projects

Jul 28, 2014

An investment of US$ 33 billion is needed for financing the petrochemical projects that are currently under construction, a senior official of the National Petrochemical Company (NPC) has said, reports Tasnim News Agency. Mohammad-Hassan ...

Tags: Financing, Petrochemical Projects, Textile

US Posted a Second Consecutive Year of Record Oil Production Growth

Jun 23, 2014

The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...

Tags: oil production, oil supply

The World Bank Will Fund Infrastructure Projects Worth $245m to Revamp Facilities

May 28, 2014

The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...

Tags: Infrastructure Funds, Oil

Afren Planned to Begin Further Development Drilling at Its Nigerian Offshore Oil Fields

May 22, 2014

UK-listed independent producer Afren Tuesday said it planned to begin further development drilling at its Nigerian offshore Ebok, Okwok and Okoro oil fields in the third quarter in a bid to bolster oil reserves and production. ...

Tags: oil production

Norway Is One of The Top 10 Oil Producers in The World

Mar 5, 2014

The Norwegian Petroleum Directorate has announced a 4.4% increase in the estimated total recoverable resources offshore Norway to 14.2 billion cubic meters of oil equivalent, boosted by the inclusion of resources from among other things a ...

Tags: Oil, Gas, Mineral

A New Natural Gas Discovery in Southeast Sichuan Province

Feb 19, 2014

A new natural gas discovery in southeast Sichuan province - the single biggest ever - could ease domestic shortages in as little as a year and give China a stronger hand in energy negotiations with Russia, according to some experts. China ...

Tags: natural gas, domestic shortages

Many Companies Still Rely on Commercial Propane Gas and Other Natural Oil Products

Jan 16, 2014

Recently, weâEUR(TM)ve heard more and more discussions about the depletion of natural oil reserves and, as a direct result of the increased awareness, more and more companies are turning to green energy as an alternative. The main ...

Tags: green energy, Home and Commercial Propane

China's Annual Crude Oil & Natural Gas Output Will More Than Double by 2013

Jan 16, 2014

China's annual crude oil and natural gas output will more than double the current amount by 2030, the Ministry of Land and Resources (MLR) forecast on Wednesday. Peng Qiming, head of the ministry's geological survey department, said at a ...

Tags: Gas Output, Oil

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