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  1. Petroleum fuels prosperity in Canada's oil and gas capital

    Posted Nov 23rd 2005, 12:00am by John Gray

    ... of Calgary's stunning petroleum prosperity. EnCana's 3,200 employees are now scattered among five different sites around the city and the office vacancy rate next year is forecast to be a record ...

  2. Growth masks crude waste

    Posted Jul 04th 2005, 12:00am by Mark O'Neill

    ... The mainland's consumption of precious resources is growing at an unsustainable rate, writes Mark O'Neill Many developing countries look with envy at the mainland's rapid economic growth and see it as a model for their own future. But, just ...

  3. Crude pierces US$68, Asian equities retreat

    Posted Aug 26th 2005, 12:00am by Staff Reporter

    ... was the most important risk to Asian growth. 'If high prices persist, the impact will be considerable.' China National Petroleum Corp, parent of Petrochina, signed a preliminary accord ...

  4. High crude oil prices fuel Sinopec earnings

    Posted Aug 29th 2005, 12:00am by Denise Tsang

    ... Denise Tsang China Petroleum and Chemical Corp (Sinopec), Asia's No1 oil refiner, has vowed to take advantage of high crude oil prices by increasing construction and production of the mainland's Tahe oilfield in the west and Shengli oilfield in the east. High prices of oil and petrochemical products fuelled a 17.4 per cent jump in the H share's net profit to 19.7 billion yuan ...

  5. Zhenhai margins to remain under pressure

    Posted Aug 23rd 2005, 12:00am by Eric Ng

    ... Eric Ng Profit margins at Sinopec Zhenhai Refining & Chemical will remain squeezed in the second half of the year as state-controlled prices for petrochemicals fail to keep pace with high international crude oil prices, its chief executive said yester ...

  6. Energy-guzzling industries curbed as oil prices soar

    Posted Sep 01st 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing Beijing will try to offset the economic pain inflicted by rising crude oil prices by working to curb the development of energy-intensive industries, according to a senior economist. Lu Zhongyuan, head of the macroeconomic research de ...

  7. Thousands of trucks checked in crackdown on use of illegal fuel

    Posted Jun 18th 2005, 12:00am by Clifford Lo

    ... Clifford Lo More than 100 customs officers are checking trucks for illegal fuel at 19 inspection sites, including three border checkpoints, in their largest crackdown to date. Twelve drivers had been arrested up until last night. The officers have inspect ...

  8. Bus firm slashing costs by using illegal diesel

    Posted Apr 14th 2005, 12:00am by Clifford Lo

    ... Clifford Lo A tourist bus company has been saving itself up to $180,000 a month by using illegal, untaxed diesel, customs officers said yesterday. Seven employees were among 13 drivers arrested yesterday in two car parks where 26 coaches and two trucks we ...

  9. Rig suppliers secure toehold in US

    Posted Oct 03rd 2005, 12:00am by Eric Ng

    ... in existing fields as well as unconventional ones such as those containing heavy oil and those in the deep sea,' Mr Zhang said. China National Petroleum Corp unit Great Wall Drilling operated more than 150 rigs overseas while China Petroleum & Chemical had more than 30 abroad, he added. According to Houston-based oilfield services provider Baker Hughes, the average number ...

  10. Canada's oil sands draw new interest

    Posted Aug 08th 2005, 12:00am by John Gray

    ... and May, companies such as CNOOC, PetroChina International, and China Petroleum and Chemical Corp (Sinopec) all invested in oil sands development or pipeline projects. CNOOC is expected to further ...




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