Cnpc @ The China Perspective

February 02,2007

By AMY CHEUNG

Reports say that the Ministry of Finance plans to encourage more resource-based and high-tech imports, as well as a new taxation policy for resource exports associated with high energy consumption and pollution. Industry observers think the planned policy is intended to control energy and resource exports to avoid over-exploitation of domestic resources. In the long run, China seeks a policy that will protect energy security and strengthen energy storage.

Acquisition Costs and Thresholds Keeping BP From Realizing Strategic Objectives

January 31,2007

By AMY CHEUNG

BP PLC, Europe's second largest petroleum firm, said that it plans to retain its strategic objective of operating 1000 gas stations this year by realizing two joint ventures with China's two largest petroleum enterprises. "BP's strategic objective to increase its total number of gas stations in China has not changed. BP already has 700 gas stations operating in Guangdong and Zhejiang Provinces," said BP China spokesperson Zhao Yuanheng.

Petrochemical Giants Compete over Ethylene Market

January 24,2007

By AMY CHEUNG

Ethylene production capacity is expected to rise from its current level of 9 million tons to 14 million tons by 2010. Yet this increase would satisfy only half of the country's demands. Given ethylene's importance as a product increasingly in demand, and its close ties to the national economy and people's daily lives, it is not surprising that ethylene market demands have attracted both Chinese and foreign petrochemical firms seeking to strengthen their presence in China.

CNPC in talks with Iran for gas

October 26,2006

By STAFF EDITOR

Top mainland energy group China National Petroleum Corp (CNPC) was in discussions with National Iranian Oil Company to develop a giant gasfield in the Gulf, The Standard reported.

CNPC to tank Russian oil

October 23,2006

By STAFF EDITOR

China National Petroleum Corp. (CNPC) said it aims to fill its largest oil-storage facility with 88 million barrels, of Russian crude annually when construction is completed in about a year, The Wall Street Journal reported.

Natural gas to become top alternative auto fuel

October 16,2006

By AMY CHEUNG

Sustaining development in China’s automotive industry lies not only with the continued rise in purchasing power but also in the availability of fuel resources. China explores the automotive application of natural gas to meet energy-saving objectives.

Domestic struggles upon an open oil market in China

September 18,2006

By AMY CHEUNG

Mergers and acquisitions loom large as privately owned oil refineries struggle to stay competitive in a liberalized market for refined oil products by yearend. Are they ready?

CNPC to boost gas pipeline capacity

September 07,2006

By AMY CHEUNG

China National Petroleum Corp, the parent of PetroChina Co Ltd, plans to invest 4.3 billion yuan (537.5 million US dollars) to boost its Xinjiang to Shanghai gas pipeline capacity to 17 billion cubic meters from 12 billion, Forbes reported.

CNPC discovers 250 million tons oil reserve

August 22,2006

By AMY CHEUNG

China National Petroleum Corp, the country's largest oil producer, has discovered four oil blocks with proven reserves of 250 million tons, Shanghai Daily reported.

CNPC invests 66 million in Rosneft

July 19,2006

By AMY CHEUNG

China National Petroleum Corporation (CNPC), China's largest oil producer, announced Wednesday that it bought Russia's OAO Rosneft 66.2252 million listed shares for 500 million US dollars at 7.55 US dollars per share, the China Daily reported.

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Today’s Daily Briefs E-Mail

	Diversity in Energy Strategies February 02,2007 By AMY CHEUNG Reports say that the Ministry of Finance plans to encourage more resource-based and high-tech imports, as well as a new taxation policy for resource exports associated with high energy consumption and pollution. Industry observers think the planned policy is intended to control energy and resource exports to avoid over-exploitation of domestic resources. In the long run, China seeks a policy that will protect energy security and strengthen energy storage. Acquisition Costs and Thresholds Keeping BP From Realizing Strategic Objectives January 31,2007 By AMY CHEUNG BP PLC, Europe's second largest petroleum firm, said that it plans to retain its strategic objective of operating 1000 gas stations this year by realizing two joint ventures with China's two largest petroleum enterprises. "BP's strategic objective to increase its total number of gas stations in China has not changed. BP already has 700 gas stations operating in Guangdong and Zhejiang Provinces," said BP China spokesperson Zhao Yuanheng. Petrochemical Giants Compete over Ethylene Market January 24,2007 By AMY CHEUNG Ethylene production capacity is expected to rise from its current level of 9 million tons to 14 million tons by 2010. Yet this increase would satisfy only half of the country's demands. Given ethylene's importance as a product increasingly in demand, and its close ties to the national economy and people's daily lives, it is not surprising that ethylene market demands have attracted both Chinese and foreign petrochemical firms seeking to strengthen their presence in China. CNPC in talks with Iran for gas October 26,2006 By STAFF EDITOR Top mainland energy group China National Petroleum Corp (CNPC) was in discussions with National Iranian Oil Company to develop a giant gasfield in the Gulf, The Standard reported. CNPC to tank Russian oil October 23,2006 By STAFF EDITOR China National Petroleum Corp. (CNPC) said it aims to fill its largest oil-storage facility with 88 million barrels, of Russian crude annually when construction is completed in about a year, The Wall Street Journal reported. Natural gas to become top alternative auto fuel October 16,2006 By AMY CHEUNG Sustaining development in China’s automotive industry lies not only with the continued rise in purchasing power but also in the availability of fuel resources. China explores the automotive application of natural gas to meet energy-saving objectives. Domestic struggles upon an open oil market in China September 18,2006 By AMY CHEUNG Mergers and acquisitions loom large as privately owned oil refineries struggle to stay competitive in a liberalized market for refined oil products by yearend. Are they ready? CNPC to boost gas pipeline capacity September 07,2006 By AMY CHEUNG China National Petroleum Corp, the parent of PetroChina Co Ltd, plans to invest 4.3 billion yuan (537.5 million US dollars) to boost its Xinjiang to Shanghai gas pipeline capacity to 17 billion cubic meters from 12 billion, Forbes reported. CNPC discovers 250 million tons oil reserve August 22,2006 By AMY CHEUNG China National Petroleum Corp, the country's largest oil producer, has discovered four oil blocks with proven reserves of 250 million tons, Shanghai Daily reported. CNPC invests 66 million in Rosneft July 19,2006 By AMY CHEUNG China National Petroleum Corporation (CNPC), China's largest oil producer, announced Wednesday that it bought Russia's OAO Rosneft 66.2252 million listed shares for 500 million US dollars at 7.55 US dollars per share, the China Daily reported. 1 2 3	Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR Shanghai MNC workers to get 10% pay boost: survey Shanghai Industrial Development takes control of Shanghai Haiji Real Estate Foshan launches $733m SME fund Changchun GE drugmaker builds new facility Sany Group merges subsidiaries Auto trade up in August Textile profits slow Investment in Shanghai manufacturing falls Beiqi Foton builds light truck plant in Sichuan province Goldman invests US$37m in NVC Lighting Go to Complete List >

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