MercoPress, en Español

Montevideo, June 6th 2023 - 05:53 UTC

Tag: PetroChina

  • Wednesday, October 3rd 2018 - 08:17 UTC

    Canada's largest private sector project: US$ 32bn LNG export terminal

    The LNG facility will be built in Kitimat, British Columbia. Construction is expected to begin this year, with the LNG export terminal in service by 2024

    A major US$ 31.9bn liquefied natural gas (LNG) project in Canada has received the go-ahead from its partners. The project is a joint venture between Royal Dutch Shell, Malaysia's Petronas, PetroChina, Korea Gas Corporation, and Japan's Mitsubishi Corporation. It is the single largest private sector investment project in Canada's history.

  • Thursday, October 15th 2015 - 20:16 UTC

    China to continue expanding its influence in the oil and gas sector

    China has three major state owned oil companies: CNOOC, oil and gas producer; PetroChina and Sinopec, which is primarily a refining company.

    Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the US. China also made large investments in Saudi Arabia's oil refining industry as well. But China's oil investments didn't stop there; they also pursued oil producing Canadian assets in 2011/12.

  • Wednesday, May 28th 2014 - 20:54 UTC

    China's oil giant at center of corruption probe

    There's a spiraling drive against corruption that has become a hallmark of President Xi Jinping's rule

    Grins were on the faces of China National Petroleum executives last week as they celebrated a blockbuster 30-year deal for Russian gas. It was a good day for CNPC, the state-owned colossus at the center of China's oil and gas webs and one of Eurasia's biggest energy investors.

  • Friday, August 30th 2013 - 00:34 UTC

    China company takes 33% stake in US Apache Corp. oil and gas business in Egypt

    ”Sinopec is an ideal partner for us” said Steve Farris, Apache CEO

    China Petrochemical Corporation, Sinopec, has agreed to buy a 33% stake in the Egyptian oil and gas business of US firm Apache Corporation. Sinopec will pay Apache 3.1bn dollars in cash for the stake. The deal is the latest in a series of similar moves by Chinese oil firms as they look to secure energy supplies to meet growing domestic demand.