China’s apparent* oil demand in November soared 18.7% from a year ago as the country’s economic recovery picked up momentum. November’s surge in oil demand marked the third straight month that the world’s second largest oil consumer posted double-digit yearly growth in oil demand.
Chinese oil demand was estimated to reach 33.67 million mt (8.22 million [...]
ScienceDaily (Sep. 11, 2009) — A team of environmental scientists from Harvard and Tsinghua University demonstrated the enormous potential for wind-generated electricity in China. Using extensive metrological data and incorporating the Chinese government’s energy bidding and financial restrictions for delivering wind power, the researchers estimate that wind alone has the potential to meet the country’s [...]
By Winnie Zhu
Jan. 14 (Bloomberg) — China, the world’s second-biggest energy user, cut fuel prices for the second time in a month to reflect the decline in global oil prices and reduce costs for factories as the economy slows.
The gasoline price will be reduced by 140 yuan ($20.5) a metric ton, or 2 percent, and [...]
By Wang Ying
Nov. 12 (Bloomberg) — China, the world’s second-biggest oil consumer, will spend at least 188.5 billion yuan ($27 billion) to build six energy projects including a natural gas link and nuclear power plants to spur economic expansion.
The State Council, or Cabinet, today approved the Ningxia- Shenzhen-Hong Kong section of its second West-East gas [...]
Xinhua News Agency Tuesday, November 04, 2008
A Chinese government delegation, escorting four rescued Chinese oil workers and the remains of another five who were killed by Sudanese militants after being kidnapped, have left Sudan and will return to China on Nov. 5.
The Sudanese government held a send-off ceremony for [...]
The four Chinese persons are receiving medical and psychological treatment at a hospital in Khartoum.
The Sudanese minister expressed sympathy and solicitude to them and hoped that they would soon be well again.
He also expressed his heartful condolences to the Chinese government and the Chinese people for [...]
By ANDREW E. KRAMER
MOSCOW — As credit streams from troubled Western banks dry up in the financial crisis, Russian oil companies are negotiating multibillion-dollar loans from a more reliable source: the cash-rich Chinese government.
Under a proposed loans-for-oil deal, reported by Reuters on Monday, Russian oil companies would borrow $20 billion to $30 billion from Beijing. [...]
