China could be one of the bidders for OAO Yukos Oil Co unit OAO Yuganskneftegaz, if it is sold off to recover back taxes, Interfax news agency reported. Yukos is alleged to owe the equivalen... Read more
Yanzhou Coal Mining got its maximum 8% allowable increase on its coal price in negotiations on one-year contracts signed with coastal power companies last December, according to the company... Read more
China's largest oil companies are projected to release record-level profits for the first half of 2004. Analysts said that the big profits stem from high oil prices in addition to large... Read more
Oil prices shot past a record $47.50 a barrel this week, analysts blaming China and India for pushing up demand. US light crude climbed 28 US cents to US$47.56 a barrel; London Brent rose 27... Read more
Russian Railways said China would foot the transport bill for Yukos oil being shipped to China if Yukos can�t cover shipping costs, Interfax reported. Yukos ships 124,000 barrels of crude... Read more
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