Chinas latest oil pricing reform brought the country one step closer to the full marketization of energy pricing and signaled the governments determination to veer toward a more market-oriented economy. The National Development and Reform C...

South African state oil company PetroSA and Chinas Sinopec Group took another step towards creating Africas largest oil refinery after the two firms signed an agreement in Pretoria on Tuesday. The US$10-billion Mthombo refinery project is p...

Such is the impact of the shale gas revolution in the United States that its quite possible that babies born today will no longer play with plastic dolls and cars made in China. Its almost become a fait accompli that China is the worlds fac...

Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical or the Company) (HKEx: 00338; SSE: 600688; NYSE: SHI) today announced the audited operating results of the Company and its subsidiaries (the Group) for the year ended De...

Longwei Petroleum Investment Holding Ltd. (OTC Markets LPIH) (Longwei or the Company), an energy company engaged in the storage and distribution of finished petroleum products in the Peoples Republic of China (PRC), announced that it has fi...

Chinese President Xi Jinping is expected to unveil a big port project in Tanzania during his first visit to Africa as head of state, highlighting Chinas growing infrastructure investments in the resource-rich continent. Chinese investment i...

Domestic fuel prices dropped for the fifth consecutive week today as the two oil refiners in Taiwan announced the same price reduction of NT$0.1 for both gasoline and diesel for the current week. Executives from CPC Corp., Taiwan said that...

China-based Fujian Meide Petrochemical Company has selected UOPs C3 Oleflex technology to produce propylene from propane in the country. The value of the contract was not disclosed. Fujian Meide will use the C3 Oleflex process technology at...

Chinas Huadian Corporation, one of the countrys top power producers, which won four licences in the second shale gas licensing round last year, will tender for engineering and drilling services to meet its commitment to prospect for gas in...

Chinas shale gas development will bring business opportunities to the related equipment manufacturing industry with a market value of about 3 billion yuan ($477 million) this year, a 33 percent growth compared with last year, industrial ins...