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  • September 20, 2014
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  1. Dairy demand spills overseas

    Posted Apr 20th 2004, 12:00am by Mark O'Neill

    ... A shortage of bovine products makes the mainland a big market to be milked, writes Mark O'Neill China has become an avaricious consumer of commodities from soy beans to steel, milking global supplies and driving up prices. The humble cow could be next on the list as Chinese dairy demand spills over into the global bovine market. Domestic milk consumption is rising more than 20 ...

  2. Taiwanese joint venture to buy seven oil tankers

    Posted Sep 02nd 2010, 12:00am by Keith Wallis

    ... Keith Wallis in Shanghai An oil transport joint venture planned by three Taiwanese companies, including government-owned CPC Corp, will spend about US$700 million to buy seven tankers that will transport about 40 per cent of the petroleum giant's oil needs. The joint venture, Global Energy Marine, also includes Taiwan-listed shipping company U-Ming Marine Transport Corp and Chinese ...

  3. Oil giant invests in social responsibility

    Posted Sep 28th 2009, 12:00am by Staff Reporter

    ... Oil industry players from Texas to China may envy the kingdom's state-owned oil company's dominance of the 'biggest and best' league, with accolades ranging from having the largest oil reserves to one of the world's most profitable companies. But many Saudis feel their competitors are missing the point. What is equally important is the social and human benefits ...

  4. Dalian Port to expand oil, vehicle operations

    Posted Aug 25th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih Dalian Port plans 800 million yuan (HK$907.68 million) to 1 billion yuan of capital spending this year, including growing its oil and vehicle operations, to fulfil its aim of being a major oil and automotive port, said Dalian Port chairman Sun Hong. 'We have confidence in the future of our oil business,' said Mr Sun. The total oil storage capacity ...

  5. Brightoil surges on oil facilities plan

    Posted Aug 13th 2009, 12:00am by Eric Ng

    ... a plan to invest HK$10.4 billion in an oil storage and logistics project in the northeast of the country. The move is part of the company's diversification that includes another fuel storage ... Liaoning province, to spend HK$6.9 billion to build storage facilities for crude oil, fuel oil, diesel, jet fuel and chemical products, and HK$2.8 billion on pipelines. In addition, it proposed ...

  6. Controversial oil refinery relocated to Zhanjiang

    Posted Aug 12th 2009, 12:00am by Mimi Lau

    ... Mimi Lau in Guangzhou The relocation of a controversial oil refinery from Nansha to Zhanjiang would spare the Pearl River Delta additional pollution and reflected the southeast Guangdong city's eagerness to embrace the huge project, experts said yesterday. Mainland oil giant Sinopec said on Monday that the proposed US$9 billion joint venture with the Kuwait Petroleum Corporation ...

  7. Chinese firms in full cry for Argentina oil

    Posted Jul 16th 2009, 12:00am by Eric Ng

    ... Eric Ng Argentina is well known for its football fanaticism, beef, picturesque landscapes, debt crisis and bank runs. Rarely do people talk about its oil and gas endowment. But the South ... Petroleum Corp (CNPC) and CNOOC. Their target is YPF, the Argentine unit of Spanish oil company Repsol-YPF and the country's biggest company. In a sign of how desperate mainland energy firms ...

  8. CNPC signs deal to buy 49pc of Nippon Oil plant

    Posted May 08th 2008, 12:00am by Eric Ng

    ... China National Petroleum Corp (CNPC), the nation's largest oil and gas producer, has reached a preliminary agreement with Nippon Oil to buy a 49 per cent stake in one of the Japanese ... Nippon Oil, Japan's largest refiner, slow a fall in utilisation and boost profits. CNPC, the parent of PetroChina, has agreed with Nippon Oil to set up a joint venture to own and operate ...

  9. China's oil and gas firms hit by record crude prices

    Posted Sep 08th 2008, 12:00am by Andrea Li

    ... Andrea Li The mainland's oil and gas companies have reported largely weakened first-half earnings results amid soaring crude oil costs and significant refining losses. 'Earnings ... losses totalling 46 billion yuan. The company attributed the loss to soaring crude oil costs, price controls on oil products in the domestic market and rising prices of chemical products driven ...

  10. Oil hub bid does not hold water

    Posted Jun 26th 2008, 12:00am by Eric Ng, Nick Westra

    ... Nick Westra and Eric Ng Experts say HK's importance as trading centre overestimated The government's ambitions to develop Hong Kong into an oil trading hub was met ... that they plan to put into operation from the first quarter of next year by selling contracts priced in US dollars for fuel oil delivered to the mainland. 'If commodities were not jumping, ...




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