Industry News
  • Asia's oil import volume will double by 2035
    Posted: 09/17/2014 16:29:30  Hits: 559
    Dongxuan Pu, senior economist of Asian Development Bank (ADB), said on 12th this month that the future energy self-sufficiency ability in Asia would decline further. By 2035, Asia's oil import volume will exceed more than 30 million barrels a day, which is three times than the current level. B...
  • Poland Stopped Gas Supply to Ukraine
    Posted: 09/13/2014 09:22:11  Hits: 710
    On Wednesday, Gaz System, the operator of Polish gas transmission system confirmed that it had to stop supplying EU gas to Ukraine, due to Gazprom reduced gas supply to Poland. What is more, the corporation did not affirm whether gas supply which had been stopped at noon on September 10 would be r...
  • CNPC Will Rein in Capital Expenditure
    Posted: 09/03/2014 16:44:45  Hits: 765
    CNPC Group held recently the production and business operation situation analysis conference of the first half year, and put forward that CNPC will strengthen capital expenditure and total quantity investment control, and make great efforts to the reform scheme implementation in the second half ye...
  • Kuwait Signed 10-year Oil Agreement with Sinopec
    Posted: 08/20/2014 11:36:33  Hits: 924
    According to the Kuwait’s official and trading center, Kuwait has reached a 10-year agreement with China Petrochemical. It will double the shipping oil to Sinopec in the next 10 years. Kuwait will sell oil in very competitive cost and freight.   Nasser al-Mudaf, the International Mark...
  • Cameron LNG Project Will Raise $7.4 Billion
    Posted: 08/16/2014 10:09:56  Hits: 836
    According to Reuters, Japanese partner of Louisiana Cameron LNG project disclosed in Tokyo that the project has received final approval of investment, which will raise $7.4 billion through financing.   This will further enable Japan to import a larger number of LNG from the United States. J...
  • Intense Competition Promotes Valve Innovation
    Posted: 08/08/2014 09:45:51  Hits: 724
    In recent years, affected by the outstanding environment of domestic investment and the continuously deepening of infrastructure policy, China valve industry is meeting new opportunities. Sustained self-innovation valve models and leading technology brings a thriving development prospect. Domestic...
  • Mexico Explores Rich Shale Oil and Gas Resources
    Posted: 07/29/2014 22:10:53  Hits: 922
    It is reported by Mexican Economist Newspaper that Mexico is rich in shale oil and gas resources, with 545 billion cubic feet of technically recoverable amount and 13 billion barrels of unconventional oil. Abundant oil and gas resources make Mexico one of the most attractive countries for investor...