Hyundai Heavy Industries of South Korea has won a US$120m contract from Sinopec to construct three underwater pipelines transporting imported crude oil and naphtha to refineries near Shanghai. The pipelines, each 54km long, will run parallel from Cixi town in the southern part of Hangzhou Bay to Jinshan in the northern part. They should be […]
Category: Energy & Environment
Efforts to tackle water pollution as part of the Three Gorges Dam project are encountering problems, admitted State Environmental Protection Administration official Xie Zhenhua. He said that many industrial wastewater treatment plants were failing to hit targets and measures to tackle boat pollution were progressing slowly. The area along the Yangtze is one of the […]
Aluminium Corp of China (Chalco) has signed a preliminary joint venture deal to establish a Yn3bn alumina plant in Guangxi Zhuang autonomous region. It was Chalco's third joint venture in two months as the group moves away from solely funded investment to shared investments with power producers and local governments aimed at lowering risk and […]
Fast economic growth and a rise in demand for heating to combat extremely low temperatures this winter have led to power cuts across a swathe of central China, said China Daily. A fall in electricity generated by hydropower stations because of low water levels has exacerbated the problem of blackouts in some regions. Local power […]
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BP sells gas stake to CNOOC
BP has sold a 12.5 per cent stake in a liquefied natural gas project in Indonesia to China National Offshore Oil Corp, China's biggest offshore oil producer. The US$275m sale of its stake in the Tangguh field should strengthen BP's relations with the Chinese company and improve its prospects of winning more contracts to supply […]