China now taking 28% of Venezuela oil production to repay debt

Venezuela only paid the interest on $19 billion in loans from China for the past two years. Some sources say the outstanding debt is $23 billion and other reports $50 billion in loans.

China willing to invest $3 bln in Nigerian oil operations -NNPC

China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

China Investment 2018-07-16

China Throws Venezuela’s Oil Industry A $5B Lifeline

China’s Development Bank has approved a US$5-billion loan for Venezuela’s oil industry, Bloomberg reports, quoting the troubled South American country’s Finance Minister Simon Zerpa.

China Investment 2018-07-05

Petrobras-CNPC talks put China closer to first Americas refinery

Brazil’s state-run oil company Petroleo Brasileiro SA and China National Petroleum Corp (CNPC) took another step on Wednesday in negotiations that could give the Chinese their first refining capacity in the Americas.

China Refining CNPC 2018-07-05

China's ChemChina, Sinochem set to merge - Caixin

Chinese state-owned Sinochem Group and ChemChina will merge to create a new company, and Sinochem Chairman Ning Gaoning will become the chairman of ChemChina, financial publication Caixin reported late on Saturday.

Tian Lun Gas invests in Henan CTG conversion fund

China Tian Lun Gas has made an agreement with two companies owned by the government of central China’s Henan province to invest in a RMB 10 billion ($1.51 billion) coal-to-gas (CTG) conversion fund, the gas distributor said in a stock exchange filing on Wednesday.

China Three Gorges sounds out interest in EDP's U.S. assets: sources

China Three Gorges has held talks with European utilities to gauge their interest in buying EDP’s U.S. renewables business, as it looks to smooth the path for its planned takeover of the Portuguese company, three sources familiar with the matter said.

China Investment 2018-06-27

China asks miners to sign more long-term thermal coal contracts -NDRC

China’s state planner said on Monday it expects natural gas shortages in some regions during the summer as demand keeps growing strongly, and is asking coal mining companies to sign more medium to long-term agreements for supplying thermal coal to coal-fired power plants

China must pursue cautious path toward petroyuan

Since the launch of yuan-denominated crude oil futures in March, the contract's average daily trading volume has steadily increased and now ranks No.3 in the world. Its overall price trend has synchronized with the global level, meaning that the pricing function of the contract is taking shape.

Opinion 2018-06-26

China price-M Xinhua Coking Coal Price Index released in Beijing

China price-M Xinhua Coking Coal Price Index, jointly compiled and published by the Price Monitoring Center of the National Development and Reform Commission and China Economic Information Service, has recently been released in Beijing.

China Coal 2018-06-25

Chinaoil sends first batch crude oil into futures delivery storage in Dalian

State-owned Chinaoil has sent the first batch of crude oil, namely 70,000 mt or 500,000 barrels of Oman crude, to a warehouse in Dalian which may be used as physical settlement for crude oil futures transactions on the Shanghai International Energy Exchange, a Chinaoil source said.

China Oil Import 2018-06-22

ReneSola Announces First Quarter 2018 Results

ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading solar project developer and operator, today announced its unaudited financial results for the first quarter ended March 31, 2018.

Solar 2018-06-21

China Aviation Oil to sell 39% stake in Xinyuan petrochemicals firm

China Aviation Oil (CAO) intends to sell its 39% stake in China Aviation Oil Xinyuan Petrochemicals (Xinyuan).

China Petrochemical 2018-06-21

China's Jinko to produce solar panels in Florida by fourth quarter despite tariffs

Chinese manufacturer JinkoSolar Holding Co Ltd expects to start manufacturing solar panels at a new factory in Jacksonville, Florida, by the fourth quarter, and production will not be affected by the latest round of U.S. tariffs on Chinese products, a company executive said on Tuesday.

Solar 2018-06-20

FACTBOX: China threatens 25% tariff on US energy, agricultural products

The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese pro

China Policy 2018-06-19

India, China Look To Form ‘Oil Buyers Club’

India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries and will be looking to import more U.S. crude oil in order to reduce OPEC’s sway, both over the global oil market and over prices, India’s Petroleum Ministry said on Wedne

China Oil Import 2018-06-15

China Gas Holdings expecting 45% profit boost

China Gas Holdings expects its net profit for the financial year ending 31 March to have increased by more than 45% on an annual basis, the gas distributor said in a filing with the Hong Kong Stock Exchange on Tuesday.

China Gas 2018-06-14

Sources: China's Hengli Buys Brazilian Oil Ahead Of Refinery Start-Up

Chinese chemical producer Hengli Group has bought its first crude oil cargo from Brazil ahead of the start-up of a new refinery in the fourth quarter, two sources with knowledge of the matter said on Wednesday.

China Oil Import 2018-06-14

China CK Infrastructure Offers $7.8B For Australian Gas Pipeline Operator

Hong Kong-based CK Infrastructure has made a US$7.8-billion (A$13-billion) bid for Australia’s largest gas pipeline operator, APA, the target company said. The price represents a premium of 33 percent to APA’s closing price a day before the bid was made.

China Investment 2018-06-14

China Considering Participation in Russia's Arctic LNG-2 Project – Reports

Moscow and Beijing are discussing the possibility of China National Petroleum Corporation (CNPC) joining a multibillion dollar liquefied natural gas project Arctic LNG-2, Russian media reported, citing the Minister of Energy, Alexander Novak.

China LNG 2018-06-12
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