Sinopec, China's second largest oil company, will eliminate about 10,000 jobs in 2003 to cut costs and boost efficiency, Reuters reported. These cuts, which follow a reduction of 68,000... Read more
China National Offshore Oil Corp president Zhou Shouwei said that the company had met last year's production target of between 125m and 130m barrels and would increase production of oil... Read more
The State Economic and Trade Commission closed 4,855 filling stations in 2002, Xinhua reported. Reasons for closure were breaches of local laws including unauthorised use of land, low fuel s... Read more
Power generation in China has gone from surplus to a surfeit that is limiting economic growth and dimming the lights across the east 2003 was a year of power shortages for China. The blackou... Read more
China is to spend about Yn300bn by 2010 to double its hydroelectric capacity, said Chen Dongping, a deputy director general of the State Power Corp. Generating capacity is set to increase to... Read more
