When it comes to satisfying China’s rising energy demands, all roads lead to the Gulf – and this has left Beijing playing to both sides in the Iran nuclear debate.
Category: Energy & Environment
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Green-tinged cooperation
Europe is positioning itself as China’s supplier or both power stations and the technology and expertise required to get rid of the pollution they create.
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Nuclear deal expected soon
A nuclear treaty allowing China access to Australia's uranium reserves could be signed as early as next week, Australian Prime Minister John Howard has said. This would coincide with Premier Wen Jiabao's visit to the country from April 1-4 as part of a trip that also includes New Zealand, Fiji and Canada. Australia exports all […]
Mergers and acquisitions by Chinese oil and natural gas companies are expected to have grown sixfold to US$6 billion in 2005 as oil and gas industry M&A activity tripled in value to US$160 billion, the Financial Times reported. A new report, to be released on Wednesday by Harrison Lovegrove, the UK-based corporate advisers, and John […]
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CNOOC posts big profits
China National Offshore Oil Corp said rising oil prices and strong output growth were responsible for a 57% increase in net profits in 2005 to US$3.15 billion. The company saw its average oil selling price rise by 34% to US$47.31 per barrel. Offshore oil and gas production reached 141 million barrels of oil equivalent, an […]