China Economic ReviewA US Department of Energy report warned Chinese efforts to reach out to oil-rich despotic regimes posed potential problems to the US strategically, but that such acquisitions were economically neutral, the Financial Times reported. Even if China's equity oil investments remove assets from the global market, in the sense that they are not subsequently available […]
China's Three Gorges Dam, the world's largest hydroelectric power project, will be completed in May this year, nine months ahead of schedule, state media reported. The project, which was launched in 1993 in the middle of China's longest river, the Yangtze, is set to cost US$22 billion and require 16 million cubic meters of concrete. […]
Shares of China Aviation Oil (Singapore), suspended since November 2004 after the company's US$550 million loss, will resume trading at the end of March, Bloomberg reported, citing Gu Yanfei, head of a task force to restructure the company. China Aviation Oil is a unit of a Chinese government-owned company. David Gerald, chairman of the Securities […]
China has enjoyed stable growth in domestic oil and gas supplies over the last five years, according to the National Development and Reform Commission. NDRC statistics show China's crude oil output increased from 165 million tons in 2000 to 183 million tons in 2005, and the output of natural gas rose from 27 billion cubic […]
Datang International Power has made a deal with Guangdong Nuclear Power Investment to build two 1,000 megawatt nuclear power generation units in Ningde, Fujian province, the South China Morning Post reported. The venture, into which Datang could invest US$1.4 billion over the next seven years, makes Datang the first listed mainland power company to move […]