Chinese oil company CNPC has withdrawn from Iran’s flagship hydrocarbons project in a further blow to the Islamic republic’s economy, which has been hammered by US sanctions, said the Financial Times. Iran’s oil minister Bijan Namdar Zanganeh told local reporters on Sunday that state-owned CNPC would no longer help develop phase 11 of South Pars, […]
Category: Energy & Environment
China Yangtze Power Co. Ltd. has tied up a $3.59 billion deal with Sempra Energy for the US-based firm’s interests in Peru, as the state-owned Chinese utility company deepens its global footprint, said Caixin. The all-cash deal will be made through a subsidiary, China Yangtze Power International Co. Ltd., according to a filing to the […]
The US is stepping up efforts to curb China’s dominance over supplies of raw materials for clean technologies, launching an initiative to promote the development of lithium, cobalt and other minerals in resource rich countries, said the Financial Times. Washington has joined Australia, Botswana and Peru in promoting responsible mining of 15 materials that are […]
The United States on Wednesday announced fresh Iran-related sanctions on five Chinese individuals and six entities, including two Cosco Shipping corporation Ltd subsidiaries, said the US Department of Treasury said, reported Reuters. The sanctions target Cosco Shipping Tanker Co. and Cosco Shipping Tanker Seaman and Ship Management Co. Ltd. but do not apply to the […]
Sibur, Russia’s largest petrochemical producer, is set to sign a gas supply deal that could significantly increase the capacity of a planned plant aimed at the Chinese market, spurring billions of dollars of further investment, said the Financial Times. The liquid petroleum gas (LPG) supply deal with gas producer Gazprom would allow Sibur and its […]