China Petrochemical Corp. (Sinopec Group), the countrys top oil refiner, on Monday announced that it has signed a deal with U.S. oil giant Marathon Oil Corp. to buy its oil and gas field in Angola for 1.52 billion U.S. dollars. According to...

Chinas biggest oil and gas producer, China National Petroleum Corporation, has released details of a new oil deal it signed with Russia. In a statement posted online, it says that the companys future crude oil imports from Russia will event...

State owned Rosneft of Russia has said the new deal with China is of great importance to both countries. Head of Rosneft, Igor Sechin said that energy cooperation between Russia and China has entered a new era. Sechin served as Deputy Prime...

China National Petroleum Corporation (CNPC), the countrys largest oil and gas producer and supplier, said Monday that the companys future crude oil import from Russia will hit 46.1 million tonnes annually. According to of a long-term agreem...

Sinopec Engineering (Group) Co., Ltd has officially signed an EPCC contract with Kazakhstan Petrochemical Industries (abbreviated as KPI). The project is located in the Karabatan region, Atyrau Province. According to the contract, the work...

Chinas Sinopec Group has agreed to buy Marathon Oil Corps (MRO.N) Angolan offshore oil and gas field for $1.52 billion, Asias largest refiner producer said. Sonangal Sinopec International Ltd, the groups subsidiary, will acquire Houston-bas...

China and Iceland could become natural partners in the energy sector though it is too early to make any predictions about the benefits, an analyst said. A source at China Petroleum Chemical Corp., known also as Sinopec, told China Daily on...

Petrleo Brasileiro SA, Brazils state-run oil company, and China Petroleum and Chemical Corp are in talks to build a $20 billion (12 billion pounds), 300,000-barrels-a-day refinery in the South American country, according to a securities fil...

BP and partner Zhuhai Port Co. have received final approvals from the government of China to build a third purified terephthalic acid (PTA) plant in Zhuhai, Guangdong, the companies announced on Tuesday. The Zhuhai 3 plant will have a capac...

A source from Sinopec Group, Asias top refiner, confirmed to China Daily on Monday that the company is holding preliminary talks on oil exploration with the government of Iceland. The talks involve Sinopec Star Petroleum Co Ltd, a clean ene...