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JAKARTA, Feb. 14 (Xinhua) -- Indonesia will import 150,000 barrels of crude oil daily from Libya for 20 years to meet the demand from an oil refinery plant in the Banten province, Indonesian Minister of Energy Purnomo Yusgiantoro said here. The minister said that as the only OPEC ...
BEIJING, Jan. 22 -- Sinopec Corp, Asia's largest refiner, processed 6.3 percent more crude oil last year, after the government called for local plants to boost production. The Beijing-based company processed 155.6 million tons of crude in 2007, about 3.13 million barrels a day, ...
JAKARTA, Jan. 21 (Xinhua) -- To prevent illegal coal trading due to the introduction of the proposed domestic market obligation (DMO) policy, producers in Indonesia urged the government to introduce a market-based pricing system, local press reported Monday. The Indonesian Mining ...
JAKARTA, Dec. 31 (Xinhua) -- Indonesia's oil production averages 899,000 barrels per day (bpd) until December 2007, much below the target of 950,000 bpd in the state budget, according to local media on Monday. Falling oil production has caused revenues in the oil and gas sector ...
URUMQI, Jan. 4 (Xinhua) -- Xinjiang Uygur Autonomous Region in northwest China has for the first time outstripped Heilongjiang Province, in the northeast, as China's top natural gas and oil producer. Latest data from four major northwestern oil and gas bases revealed that ...
RIO DE JANEIRO, Jan. 3 (Xinhua) -- Brazil's state-owned oil and gas company Petrobras announced Thursday that it sold its share in the Argentina-based petrochemical Cuyo for 32 million U.S. dollars. The Brazilian company's 40 percent share was purchased by the group Admire ...
RIO DE JANEIRO, Dec. 26 (Xinhua) -- Brazilian state-owned oil and gas giant Petrobras announced Wednesday that it set a new daily oil production record on Dec. 25. The production of 2.238 million barrels of oil on Christmas day exceeded Brazil's average daily oil consumption of 2 ...
JAKARTA, Dec. 27 (Xinhua) -- Thailand wanted to buy gas from oil-and-gas field Natuna in Indonesia, Indonesian Minister of Mines and Energy Purnomo Yusgfiantoro said here Thursday. The minister said that both countries had signed an agreement on energy cooperation in Thailand ...
GE Oil and Gas is to supply three compression trains for a new, large-scale ethylene cracker plant in Al-Jubail, Saudi Arabia, which will have a capacity of 1.165 mln tpa. The compressor trains for the Saudi Chevron Phillips project, are being manufactured by GE oil and gas at ...
NEW YORK, Dec. 9 (Xinhua) -- Although crude oil prices have temporarily given up conquering the 100-dollar threshold some 20 days before the year is drawing to a close, analysts here believe oil prices will finally cross the 100-dollar mark before hovering around the 90-dollar ...
RIO DE JANEIRO, Dec. 7 (Xinhua) -- Brazil's state-owned oil and gas giant Petrobras on Friday claimed the discovery of an offshore natural gas reserve in the southeastern state of Espirito Santo. The company said a well in the reserve, 3,378 meters deep in the Camarupim field and ...
JAKARTA, Nov. 26 (Xinhua) -- Indonesia's state oil firm PT Pertamina will team up with a local company, Wahana Universal, to build an oil refinery in East Java at a cost of 20 million U.S. dollars, local press said Monday. The two companies had signed an agreement to build the ...
RIO DE JANEIRO, Nov. 27 (Xinhua) -- The winning bids in the National Oil and Gas Agency's (ANP) auctions for oil and gas reserves on Tuesday amounted to a record 2.11 billion reais (1.15 billion U.S. dollars), the biggest figure ever reached in a public auction in Brazil. ...
RIO DE JANEIRO, Nov. 8 (Xinhua) -- Brazil's government decided on Thursday not to auction 41 oil and gas blocks neighboring the area where the state-owned Petrobras found the country's largest-ever oil reserve. Chief of Staff Dilma Rousseff said the government removed "anything" ...
RIO DE JANEIRO, Nov. 8 (Xinhua) -- Brazil has found the biggest ever oil reserves in the Santos Basin, off Rio de Janeiro's shore, said the country's state-owned oil company on Thursday. Petrobras, Brazil's national oil company, said in a statement that the newly-found reserves ...
JAKARTA, Nov. 21 (Xinhua) -- Japan Petroleum Exploration Co. Ltd planned to raise investment up to 900 million U.S. dollars in Indonesia's Kangean oil and gas field in East Java province by 2012, President and General Manager Kangean Energy Indonesia Keisuke Inoue said here ...
BEIJING, Nov. 20 (Xinhua) -- PetroChina, the country's largest oil and gas producer, has pledged to increase output and imports to ease domestic fuel shortages. Many filling stations across the country are experiencing shortages, with refineries unwilling to raise output in light ...
RIO DE JANEIRO, Nov. 1 (Xinhua) -- Brazilian engineering company Schahin Group will received a loan of 800 million U.S. dollars from foreign banks to build two semi-submersible oil and gas platforms, the company announced Thursday. The funds will be assembled from 15 internationa...
BRUSSELS, Nov. 5 (Xinhua) -- Dutch oil giant Shell wants to participate in the exploitation of a large gas field on the Russian peninsula Jamal in northern Siberia, Dutch paper Financiele Dagblad reported Monday. The Bovanenko field, owned by Russian gas giant Gazprom, could ...
BAGHDAD, Nov. 7 (Xinhua) -- The Kurdish Regional Government (KRG) announced Wednesday that it has signed seven new petroleum contracts, in a defiant move against the Iraqi central government, said a statement from the regional government office. Following the unanimous decision ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Minivans rev up sales for GM
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Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Lucrative golf industry lures stiff competition
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Two models stand beside golf equipment and bags at a recent golf ...
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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Some 14 countries and regions are expected to compete in the 45th ...