Thursday, March 22, 2018

Western China News

China, Kazakhstan to Ink $10 bln in Deals

Li Keqiang, Premier of the People's Republic of China

China is expected to sign 30 cooperative agreements worth $10 billion with Kazakhstan as Premier Li Keqiang begins his first official visit to the country, the official Xinhua news agency said on Sunday. Xinhua did not give details…

China's CEFC Investigation Hits $9 billion Russian Oil Deal

Chinese conglomerate CEFC had already started paying for a stake in Russian oil giant Rosneft when the economic crime police took its chairman Ye Jianming away, halting the $9.1 billion deal in its tracks, according to three sources close to the matter.

Glaciers Thawing Fast in Threat to Hydro Power, Farms

Mountain glaciers in Central Asia have shrunk four times faster than the world average, threatening river flows vital for agriculture and hydro power from Uzbekistan to western China, scientists said on Monday. Global…

Commodities' Dilemma: Strong Demand or Trade War Fears?

File Image (CREDIT: AdobeStock / (c) Kasto)

The tug-of-war between fundamentals and sentiment appears to be getting stronger for many commodities as the market tries to reconcile factors such as robust demand numbers from China and increasingly worrying rhetoric and actions from the United States.

China Says to Have "Prudent" Oil Exploration with Philippines

© Anton Balazh / Adobe Stock

China will prudently advance cooperation with the Philippines on joint oil and gas exploration in the South China Sea, China's top diplomat State Councillor Wang Yi said on Wednesday after meeting his Philippine counterpart.

Delfin Taps China for US FLNG, but Final Investment Decision 'Challenging'

(Image: Delfin LNG)

Delfin Midstream, developing the first floating facility to export U.S. natural gas, has sealed a preliminary 15-year sales deal with city gas distributor China Gas Holdings, Delfin founder and Chief Executive Officer Frederick Jones said.

India's Oil Imports from Venezuela Hit Lowest in over 5 Years

© keller / Adobe Stock

Indian imports of oil from Venezuela have fallen to their lowest levels in over half a decade, shipping and industry data showed, as a severe economic and political crisis hits crude output in the South American OPEC member.

Gazprom in Talks with China on Gas Supplies

Gazprom to enter into new contract with China for gas supply

A meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Zhang Gaoli, First Vice Premier of the State Council of the People's Republic of China took place in Beijing today. The parties addressed…

Russia Eyes 2nd China Gas Pact

Russia hopes to reach agreement with China on gas supplies via the "western route" next year, in addition to the already clinched deal to supply gas via the "eastern route," Prime Minister Dmitry Medvedev said on Monday.

Issues on China-Russia Gas Deal Addressed

Meeting was held between Alexey Miller and Zhang Gaoli, First Vice Premier of China's State Council. This is largest deal in Gazprom's history in terms of the amount of financing Photo Gazprom

A Gazprom delegation headed by Alexey Miller, Chairman of the Company's Management Committee, paid a working visit to China today. During the visit a meeting was held between Alexey Miller and Zhang Gaoli, First Vice Premier of China's State Council.

China's Independent Refiners Gear up for Ethanol Push

File Image (CREDIT: AdobeStock / (c) Jason Lee)

Dongming plans to import ethanol, may produce biofuel; China set 2020 target for nationwide 10 pct biofuel use. China's top independent oil refiner is buying ethanol and two others are seeking government approval to blend…

Cenovus Energy: Transportation Bottlenecks Impact Production

File Image (CREDIT: AdobeStock / (c) Pisotckii)

Canada's Cenovus Energy Inc said on Thursday it was running oil sands production below capacity and stockpiling excess oil due to trouble with exporting through maxed-out pipelines to the United States. The company forecast…

Vitol Bets on Retail Model as it Hopes to Grow

Vitol invests in gas stations from Turkey to Pakistan; increases presence in growing consumer markets. From Pakistan to Turkey, the world's largest independent oil trader Vitol is betting on a spike in gasoline and diesel…

Western Gas Route To China May Be Implemented Faster

Vladimir Putin

Russia 's President Vladimir Putin on Saturday that the Western Said route to supply Gas to China May be Implemented Faster than the eastern route if China is Supportive. Moscow and Beijing have clinched a $ 400 billion Gas Deal this week after years-Long Talks…

Gazprom, CNPC Ink Deal for Gas Supply via Western Route

Wang Dongjin and Alexey Miller. Photo by RIA Novosti

The Gazprom Management Committee Chairman Alexey Miller and the CNPC Vice President Wang Dongjin signed today in Moscow the Heads of Agreement for pipeline gas supply from Russia to China via the western route. Inked…

China Secures Abu Dhabi Oil Field Deal

China National Petroleum Corporation (CNPC) has secured the rights to produce and export oil from Abu Dhabi, helping China secure more fuel for its rapid economic growth. State-run CNPC has expanded over the past decade…

China's Air Drills Roil South China Sea Waters

China's air force conducted its first drill above the western Pacific Ocean on Monday, the Defence Ministry said, in a move that could exacerbate tensions with its South China Sea neighbours including Taiwan and the Philippines.

Turkish Stream Gas Pipeline Construction Begins

Alexey Miller being Interivewed

Gazprom has started the construction of the Turkish Stream offshore gas pipeline. An interview with Alexey Miller, Gazprom Management Committee Chairman was held. Correspondent: Good afternoon, Mr. Miller. China’s CNPC and Gazprom have signed an Agreement today.

16 Die in Coal Mine Accident in China

Rescuers work at the accident site after a coal mine collapsed in Tiechanggou township, China's Xinjiang regional capital of Urumqi

Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting the poor safety standards in the world's biggest coal producing country.

First Wind Farm Operational in Coal-reliant Bosnia

© Rob Bouwman / Adobe Stock

Bosnia's maiden wind farm began producing electricity on Wednesday as part of the country's efforts to cut greenhouse gas emissions and meet the renewable energy standards of the European Union it aspires to join. The 50.6 megawatt (MW) Mesihovina wind power plant…