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  1. Petroleum executive dismissed over blast

    Posted Apr 29th 2004, 12:00am by Staff Reporter

    ... Chow Chung-yan The explosion at a Chongqing gas well last year in which more than 240 people died has cost another official his job, while several others have been disciplined. The China National Petroleum Corporation (CNPC) yesterday said it had dismissed Chen Yingquan as director of the Sichuan Petroleum Administration Bureau and as bureau party secretary, China News Net ...

  2. CNPC warns of rising competition

    Posted Jan 08th 2004, 12:00am by Eric Ng

    ... Eric Ng Oil producer predicts continued profit rise next year after earnings hit 70b yuan Net profit at China National Petroleum Corp (CNPC), parent of H share PetroChina, rose more than 30 per cent last year to more than 70 billion yuan but its chief warned of increasing competition. The nation's largest oil producer hoped net profit would grow 3 per cent to 5 per cent ...

  3. Oh, what nations will do for oil

    Posted Mar 05th 2004, 12:00am by Michael Richardson

    ... with reserves estimated at between 25 and 35 billion barrels. Under the terms of the deal, a Japanese consortium- including Inpex Corp, Japan Petroleum Exploration Co (Japex) and Tomen Corp- gained ... to China and other concerned countries in Asia that it intends to pursue a more nationalistic and assertive foreign and defence policy. America has longstanding sanctions against investment ...

  4. Police arrest 3 more over deadly PetroChina blast

    Posted Jan 17th 2004, 12:00am by Staff Reporter

    ... regulations. Sources have said Ma Fucai, president of parent company China National Petroleum Corp, will be sacked soon to assuage public anger over the accident. The company is one ... Staff Reporter Chongqing police have arrested three more PetroChina employees over the gas blast that killed 243 people and injured more than 10,000 last month. The arrests come ...

  5. China plans pipeline grid for refined oil products

    Posted Sep 29th 2004, 12:00am by Eric Ng

    ... Northeast and northwest China, which account for 44 per cent of the nation's oil refining capacity, are far from the the lower coastal provinces, which make up 75 per cent of consumption. Hu Tongnian, vice-general engineer of China Petroleum Pipeline Bureau, a unit of state-owned China National Petroleum Corp, said pipelines would reduce transport costs while easing China's heavy ...

  6. Oil exchange set to reopen

    Posted Mar 06th 2004, 12:00am by Eric Ng

    ... China National Petroleum Corp (CNPC), parent of PetroChina; China Petrochemical, parent of China Petroleum & Chemical; China National Chemicals Import and Export Group, parent of Sinochem ... but futures contracts will not be allowed. 'It will open very soon,' said Fu Chengyu, chairman of China National Offshore Oil Corp and its red chip subsidiary CNOOC, speaking ...

  7. Corps values endure on the mainland's wild west frontier

    Posted Nov 08th 2004, 12:00am by Mark O'Neill

    ... Production and Construction Corps (XPCC)- has grown into one of the biggest institutions in China, with 2.54 million members, 1,500 companies and responsibility for 2,000km of the region's border. It is the only one of the 12 production and construction corps- all part of the People's Liberation Army- which China set up in the 1960s and 70s that still survives. Beijing ...

  8. Transport venture sets sights on oil imports

    Posted Jan 01st 2005, 12:00am by Annette Chiu

    ... It would inject all of its tankers into the venture- China Merchants Energy Transportation- to secure an 82 per cent interest, chief financial officer Li Yinquan said. China Petrochemical Corp is the second-largest shareholder in the venture, with 16 per cent, while the remaining 2 per cent will be held by China National Offshore Oil Corp, China National Petroleum Corp and China National Chemicals ...

  9. PetroChina plays down fears over oilfield

    Posted Mar 25th 2004, 12:00am by Eric Ng

    ... lacklustre at the nation's two dominant onshore producers, PetroChina and China Petroleum & Chemical Corp (Sinopec), and domestic exploration has yielded few new reserves, forcing China ... producers are trying to diversify import sources. PetroChina's parent, China National Petroleum Corp, is proposing a 3,000km oil pipeline from Kazakhstan. A feasibility study has been sent ...

  10. PetroChina challenges rival's LNG dominance

    Posted Nov 12th 2004, 12:00am by Eric Ng

    ... to develop an LNG terminal. According to China Oil News, published by PetroChina's parent China National Petroleum Corp, Guangxi's gas demand is projected to reach 1.64 billion cubic metres ... Eric Ng PetroChina has signed its first formal agreement for a liquefied natural gas (LNG) import terminal, challenging the dominance of rival China National Offshore Oil. The agreement ...




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