Import expo shows China is open for business

The United States-China trade war, now in its 16th month, has seen commerce between the world’s two biggest economies nosedive, leading many experts to speculate that economic decoupling is inevitable. Logical though that prediction may seem, it has been confounded from an unexpected quarter – corporate America. There will be more American companies at the second annual China International Import Expo, from tomorrow until the weekend, than there were at last year’s inaugural event, according to the Ministry for Commerce. Talk of decoupling therefore seems a bit premature.Commerce officials hav

China Economy 2019-11-05

Holiday Notice

Dear Readers,Due to the Labor's Day Holidays, Energy China Forum will not update news during May 1st to May 3rd and will resume updating on May 5th.

ECFShale 2019-04-30

China expects first trade in national emissions scheme in 2020

China expects to make the first trade on the long-awaited national emission trading scheme in 2020, a senior climate official said on Saturday, as part of Beijing’s efforts to fulfill its commitment to reducing greenhouse gas emission.China has spent two years on legal and technical infrastructure construction after it announced its plans to launch the nationwide emission trading scheme (ETS) in 2017.It began setting up pilot trading platforms in 2013 in seven regions across the country but they have not been brought under a unified scheme yet.“China will speed up construction of the national

China's CNPC appoints Zhang Wei as general manager

China National Petroleum Corp (CNPC) has appointed Zhang Wei as its general manager, the state-controlled oil and gas giant said in a statement.Zhang was previously the general manager of state-run oil and chemicals group Sinochem, according to a statement posted on CNPC's website on Saturday.CNPC's previous general manager, Zhang Jianhua, was appointed to be the head of the country's National Energy Administration in November.

CNPC 2019-01-02

Sinopec suspends top officials at its trading arm: sources

Chinese state oil major Sinopec has suspended two senior officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said on Thursday.Unipec's President Chen Bo and the company's Communist Party secretary Zhan Qi were suspended from their positions following the losses, said three sources, who asked not to be identified due to the sensitivity of the issue.The sources did not refer to any wrongdoing on the part of the two men.Sinopec is Asia's largest refiner.A spokesman for Sinopec had no immediate comment.

Sinopec 2018-12-27

Gazprom and CNPC held the 14th JCC meeting

The 14th meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, deputy chairman of the Gazprom management committee, and Hou Qijun, V.P., CNPC, took place in Guangzhou, People’s Republic of China.The meeting participants discussed the results of the programs implemented by the JCC working groups, as well as the prospects of cooperation between the companies in key focus areas.Specifically, the parties reviewed issues related to gas-fired power generation, use of gas as a vehicle fuel, underground gas storage in China, standardization, staff trainin

CNPC 2018-11-23

China names oil & gas veteran to top energy post

China has named a leading business executive to its top energy post, eschewing a practice of appointing career politicians as the nation pushes through an overhaul of its massive energy sector.Zhang Jianhua, the No. 2 official of state-run China National Petroleum Corp., will become director of the National Energy Administration, according to the Communist Party’s official People’s Daily. He will be the fifth NEA chief and the first to be appointed from an energy company, the newspaper reported this week.The administration didn’t respond to several faxes from Bloomberg seeking comments, while

China Policy 2018-11-23

China's CEFC paid out compensation after Rosneft stake deal fell through

CEFC paid almost 225 million euros ($257 million) in compensation to a consortium of Qatar Investment Authority and Glencore (GLEN.L) after the Chinese firm’s deal to buy a stake in Russian oil firm Rosneft fell through, a document showed.The chief executive of Rosneft (ROSN.MM), Igor Sechin, said in September 2017 that CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore.The deal was not completed and the circumstances under which it fell through remain unclear.Sources close to the matter said in March that CEFC had started paying when the CEFC Chairman Ye Jianming wa

CEFC 2018-11-20

China appoints CNPC president as top energy official

China's government has appointed a senior oil industry executive as the country's top energy official, state-run media China Energy News reported on Wednesday.

China Policy CNPC 2018-11-15

China Ready For Trade Talks

China is ready to negotiate a trade deal with the United States as both economies stand to lose from a prolonged trade war, Vice President Wang Qishan said today as quoted by Bloomberg. Wang was speaking at the Bloomberg New Economy Forum in Singapore, and added that trade was the “anchor and propel

China Economy 2018-11-07

TOP MANAGER OF THE LARGEST OIL AND GAS COMPANY IN CHINA COMMITTED SUICIDE

General Director of CNPC Bohai Drilling Engineering Company Limited Zhou Suntan committed suicide. It is reported Caixin.

2018-11-02

Linde accelerates growth in China with a landmark partnership with Sinochem Group

The Linde Group, together with Sinochem Group Co. LTD, one of the four national oil companies in China, held a piling ceremony for its strategic joint-venture project to construct and operate a new air separation unit (ASU) and provide long-term gas products and services to Sinochem Quanzhou Petrochemical Co., Ltd. for its oil refining and ethylene project.Linde holds a 51% stake while Sinochem holds 49% stake in the new joint venture. Sanjiv Lamba, Member of the Executive Board, Linde AG, and Chief Operating Officer, Asia Pacific, said, “Linde is proud to enter into this inaugural partnership

China Investment 2018-11-01

Notice: No updating during October 1-7, 2018

Holiday Notice

ECF 2018-09-30

China's environment tax receipts up 22 per cent in first half

China earned 9.6 billion yuan ($1.4 billion) in environmental tax revenues in the first half of 2018, up 22.1 per cent from a year earlier, after the system was overhauled at the start of 2018, state news agency Xinhua said on Friday.

Sinopec Expects Highest H1 Profit Since 2013

China Petroleum & Chemical Corporation, commonly known as Sinopec, said on Tuesday that it expects its net profit for the first half of 2018 to have jumped by around 50 percent on the year, on the back of higher oil prices, and according to Reuters calculations, the net incomes for both the first ha

Sinopec 2018-07-25

China Focus: Geophysical exploration sheds light on ancient Silk Road state

Guo Ziqi, a scientist who usually searches for oil and minerals deep below ground, has been helping shed light on an ancient state buried along the Silk Road.

China unveils new climate goals for 2020

Guidelines published by the leading party in China during the weekend outline efforts to cut emissions by at least 15 percent by the end of the decade.

China to suspend detailed customs data release for May amid trade tensions: source

The Chinese authorities will suspend publication detailed of monthly trade data for May, making it the second consecutive month for which they have not released the information, citing technical issues, a source with direct knowledge of the matter told S&P Global Platts Thursday.

China: Three-year action plan aims for blue skies

Within three years, air pollution in China’s key urban areas will be significantly reduced, resulting in more blue-sky days, by shrinking outdated production capacity and the use of substandard coal, as part of efforts to change energy consumption and the industrial structure.

China, Iran agree to strengthen strategic cooperation despite US pressure

China and Iran have agreed to strengthen strategic cooperation during Iranian President Hassan Rouhani's visit to China, possibly paving the way for steady crude flows between the two countries.

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