China National Petroleum Corporation (CNPC) has left Irans Koohdasht oil block exploration project due to being economically unjustified despite investing up to $50 million since four years ago, the Pana news agency reported. The Chinese co...

A global governance mechanism for energy under the G20 framework to stabilize oil and natural gas markets was proposed by Premier Wen Jiabao on Monday as he addressed a key Middle East-based forum for renewable energy. The proposed mechanis...

China has received more than 20 billion cubic meters of natural gas through the Central Asia-China gas pipeline as of January 7, said China National Petroleum Corp or CNPC, the parent company of PetroChina Co Ltd, in a statement on last Wed...

Saudi Aramco and Sinopec Group of China took another giant leap forward with the signing on Saturday of a landmark SR32 billion ($8.5 billion) joint venture agreement to set up an ultramodern, highly sophisticated, full-conversion oil refin...

Uzbekistans state-owned pipeline operator Uztransgaz is to start gas supplies to China via the Central Asia-China pipeline in April, Russian news agency Prime reported Friday, citing a source in Uztransgaz. The source didnt provide informat...

It is expected that the output of Chinas petrochemical industry will show a year-on-year rise of 31 percent to 11.2 trillion yuan ($1.7 trillion) in 2011 when figures for the full year are collated, said the China Petroleum and Chemical Ind...

Germanys BASF, a global leading chemical firm, announced Tuesday the completion of a petrochemical site worth $1.4 billion in East Chinas Nanjing city with its local partner China Petroleum and Chemical Corporation (Sinopec). The petrochemi...

Sinopec Group recently held overseas upstream second five cum 50 million tons target deployment mobilization, at which the target is revealed: Twelve Five overseas equity oil output to reach 50 million tons, a figure has exceeded the nation...

The trade deficit in the U.S. probably widened in November for the first time in five months as oil imports rose, economists said before a report today. The shortfall grew to $45 billion from $43.5 billion in October, the smallest of the ye...

Chinas Wen Jiabao must balance his countrys need for Iranian crude with its budding energy partnership with Saudi Arabia on his first visit to the Gulf kingdom, a U.S.-based specialist in Middle East security said. The Chinese premiers trip...