China natural gas consumption in 2011 was 134 billion cubic meters, up 20.6% year on year. During the same year, the nations natural gas production totaled 101.9 billion cubic meters, a 7.9% increase from the previous year. Given that China...

PetroChina Co Ltd , Chinas second largest oil refiner, will cut crude oil throughput at its largest Dalian refinery in April by more than a fifth from a month earlier due to planned maintenance, an industry source said on Friday. The plant...

China Petroleum and Chemical Corp (Sinopec Corp) , Asias largest refiner, will close a 160,000 barrels-per-day (bpd) crude oil unit at its Jinling refinery from mid-April for about a month-long turnaround, an industry source said on Friday....

Singapore state investor Temasek Holdings and private equity firm RRJ Capital bought nearly half of the shares in the $1.34 billion offering by PetroChina Cos unit Kunlun Energy Co Ltd, two sources with direct knowledge of the deal said on...

Sinopec Sabic Tianjin Petrochemical Company (SSTPC) laid the foundation for a polycarbonate production complex with 260 kilo metric tonnes per annum capacity, at a ground-breaking ceremony in the Tianjin Binhai New Area. Previously, China P...

State-owned China National Petroleum Corporation (CNPC) and Shell China Exploration and Production (Shell) have signed Chinas first-ever shale gas production sharing agreement, under which they will together explore and exploit the up-and-c...

PetroChina Co. purchased a diesel cargo for a second day for delivery into the Mediterranean at a higher price. Gasoline barges advanced to a record in northwest Europe. Gasoil moved into contango for the first time in four days on the ICE...

Sinopec posted a net profit of 71.7 billion yuan for 2011, after a weak fourth quarter reduced growth from 2010 to 1.4 percent, Beijing News reported. The refining operations made a 37.6 billion yuan loss for the year. Prices for refined pr...

If economic sanctions against Iran are going to hurt the country sufficiently in order to cause the leaders in Tehran to consider backing away from their apparent plans to at least develop the technology to create nuclear weapons, then its...

Uzbekistan will start to export natural gas to China from April 1, said chairperson of the board of Uzbekneftegaz national holding company Shokir Fayzullaev. The gas will be supplied within the contract, signed by Uztransgaz and PetroChina...