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Greece-Italy nat gas line to source from Azerbaijan

A 323-mile natural gas pipeline from Greece to Italy will get most of its supplies from a gas field in Azerbaijan, a project consortium announced. Swiss energy company EGL, Norwegian oil and gas company Statoil and Germany's E.ON Ruhrgas lead the project consortium for the Trans ...

Americas: Look-alike coal rises in sympathy with natural gas futures rally

p>Over-the-counter coal markets rose Thursday as natural gas futures closed above the psychologically important $4.00/MMBtu level. In a thin market, first quarter 2011 NYMEX look-alike traded at $62.20/st, 45 cents higher than the Platts Wednesday assessment. OTC trading volumes ...

Iran may become a gasoline exporter: Oil Minister

Iranian refineries are producing enough gasoline to suggest the country could switch from an importer to an exporter, the country's oil minister hinted. Iran reacted to sanctions that target its energy sector by focusing on a plan that would boost domestic production. Iran has ...

Iraq upgrades oil pipeline to boost exports

Iraq plans to upgrade its oil pipeline network to boost exports through neighboring Turkey and Syria as Baghdad struggles to develop its vast but under-exploited energy resources, the key to its reconstruction. The country faces serious obstacles -- sectarian violence, political ...

Americas: Some 200 entities to become swaps dealers under new law: CFTC chief

p>US Commodity Futures Trading Commission Chairman Gary Gensler Thursday said regulation of the over-the-counter derivatives market will likely lead to more than 200 entities being regulated as swaps dealers for the first time and the creation of many as 30 swap execution ...

China: PetroChina Daqing Refining & Chemical to resume normal operation Sep 25

p>PetroChina Daqing Refining & Chemical began to restart units recently and was expected to resume normal operation and product supply on Sep 25, a refinery source indicated. As reported earlier, Daqing Refining & Chemical went through a 40-day overhaul since Aug 17 and planned ...

China: Shandong Haihua Group to restart catalytic unit, coker end of Sep

p>Shandong Haihua Group plans to restart an 800,000-mt/yr catalytic unit and a 500,000-mt/yr coker at the end of September, a source with the refinery said on Sep 20. The refinery will cut the supply of bituminous feedstock after restarting the coker, according to the source. It ...

China: Freight rates for shipping fuel oil southwards rise over stronger demand

p>The freight rates for delivering fuel oil from northern China to East and South China have gained recently over increasing demand, a survey with ship owners found. For 3,000-DWT oil tankers moving from Dalian to Zhoushan, the freight rates were Yuan 95-105/mt on Sep 20, up Yuan ...

China: CNOOC to put 1-mil-mt/yr refinery into production in Yingkou, NE. China end Sep

p>CNOOC is expected to bring on stream a 1-mil-mt/yr refinery in county-level city Gaizhou in Yingkou City of Northeast China's Liaoning Province on Sep 30, a source with the offshore oil giant said. Products from the refinery may be available in one month, according to the ...

China: Binzhou Dayou's 100,000-mt/yr LPG deep processing unit starts trial run

p>Binzhou Dayou New Energy put a newly-installed 100,000-mt/yr aromatization unit into trial production in Binzhou City of Shandong Province on Sep 19, but it hadn't supplied products so far, a source with the company said. The company has a 30,000-mt/yr MTBE unit, which could ...

China: Sinopec to unify LPG wholesales of subsidiary refineries in S. China

p>Sinopec is schemed to take over LPG wholesale business of its subsidiary refineries in South China, according to an informed source. The oil giant has recently held a meeting with personnel from underlying refineries attended to discuss the issue and decided to make South China ...

China Chemical Industry to Witnesse Double Digit Growth in Output Value

p>Norbert Meyring KPMG s partner in China pointed out that economic stimulus package plan would continue exerting positive effect on China s chemical industry. Especially the large investments in real estate and automobile industry would efficiently promote the growth of the ...

Europe: Evonik to Increase Prices for Polyurethane Additives

p>Effective 15 October 2010, or as contract terms permit, Evonik will increase globally prices for all its polyurethane additives. The increase will be EUR 0,35/kg including Tegostab silicone stabilisers, Gorapur release agents, Tegoamin catalysts and Ortegol products. Tin based ...

Syria, Iraq sign pact to build oil pipeline

Syria and Iraq have signed an initial agreement to build two crude oil pipelines to the Mediterranean Sea, an Iraqi official said. Iraqi government spokesman Ali al-Dabbagh said the larger pipeline with a 1.5 million barrel daily capacity would carry heaver crudes and the smaller ...

China: PetroChina Succeeded in Digesting Surplus Homemade AA by Exporting

p>PetroChina East China Marketing Company succeeded in exporting its superfluous adipic acid to global market such as East Asia, Australia and Taiwan area. By Sept 10th, the total amount of the exported materials reached 1685 tons. The whole domestic adipic acid market kept dull ...

Poland, Russia near long term gas deal

The European Union said Poland is likely to face natural gas shortages later this year as a result of delays in signing a long-term gas supply deal with Russia. The EU held talks Saturday with Poland and Russia on adjusting a new gas supply contract between the countries to align ...

Europe: Raspadskaya main coal mine to return to capacity in 2012

p>Raspadskaya's main blast-closed coking coal mine will not return to full output until 2012 according to chief executive Gennady Kozovy, a spokesman for the Moscow-based company said Monday. A return to initial operations at Russia's biggest underground coal mine is expected in ...

US energy tax changes to cost $341 bn

US economy stands to lose $341 bn in economic output and $68 bn in lost wages nation wide if Obama's proposed energy tax changes are implemented, according to Dr Joseph R Mason, renowned economist and Louisiana State University Endowed Chair of Banking. The proposed changes would ...

Americas: India's Reliance eyes Eagle Ford Shale stake in US: sources

p>India's Reliance Industries is talks with Oklahoma City-based producer Chesapeake Energy about a joint venture in the Eagle Ford Shale play in south Texas, sources said Friday. An announcement of a deal could come within 30 days, the sources added. "The deal talk is around $14...

Asia: Lukoil says plans to supply CNPC with gas from Uzbek project

p>Russia's Lukoil regards the Kandym-Khauzak-Shady-Kungrad project in Uzbekistan as the most probable source of future gas supplies to China National Petroleum Corporation, with production there expected to peak at 15 billion cubic meters/year of gas in five years, the company ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
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 ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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