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MercoPress, en Español

Montevideo, April 20th 2024 - 00:20 UTC

Tag: China Oil

  • Tuesday, November 27th 2018 - 05:20 UTC

    Oil and chemistry bring big revenues to China

    Chinese profits from petroleum and chemicals rose 45.2 percent in the first nine months of 2018, compared to the same period last year.

    The oil and chemical industries have meant a 712.1 billion yuan (around 103 billion US dollar) profit for the first three quarters of the year for China's treasure, which equals a 45.2 percent increase from the same period of 2017, according to official Ministry of Industry and Information Technology figures released Monday.

  • Monday, April 2nd 2018 - 08:50 UTC

    China preparing to begin paying for imported oil with the Yuan

    Oil is the world's most traded commodity, with an annual trade value of around US$14 trillion, roughly equivalent to China's gross domestic product last year.

    China is taking its first steps towards paying for imported crude oil in Yuan instead of the U.S. dollar, according to Reuters, a key development in Beijing's efforts to establish its currency internationally.