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CNPC to expand oil refinery in Sudan

Business | Energy
2009-11-20

CHINA'S largest oil and gas company said today it had signed agreements with Sudan to strengthen cooperation in oil refining. China National Petroleum Corp, the parent of PetroChina Co, has signed a memorandum...

CNPC seals bank deal

Business | Energy
2009-9-10

CHINA National Petroleum Corp yesterday said it has sealed a five-year, US$30 billion loan from a state bank to fund "rapid overseas business expansion." China Development Bank, one of the nation's policy lenders...

CNPC denies scandal

National
2009-8-31

CHINA National Petroleum Corporation, the parent of Asia's largest oil and gas company PetroChina, has denied involvement in a housing purchase scandal. China Central Television revealed that about 1,000 apartments...

CNPC to buy a stake in Malaysian refinery

Business | Energy
2009-7-16

CHINA National Petroleum Corp is to invest in a US$10-billion refinery project in Malaysia and to buy its fuel products for 20 years. Merapoh Resources Corp, a privately-owned Malaysian company, will build the...

CNPC plans third bid for YPF

Business | Energy
2009-7-3

CHINA National Petroleum Corp, the country's largest oil company, plans to revive a US$17-billion bid for the Argentinian unit of Spanish oil major Repsol-YPF, the South China Morning Post reported yesterday. CNPC,...

CNPC replaces Total in Iran deal

Business | Energy
2009-6-4

IRAN yesterday signed a contract with China National Petroleum Corp for the development of phase 11 of the South Pars gas field in the Gulf, replacing France's Total, Iran's IRNA news agency reported. The deal...

Cost-cutting moves

Business | Energy
2009-3-11

CHINA National Petroleum Corp, the country's biggest oil and gas producer, plans to cut extraction costs, project spending and overseas traveling budgets this year as slowing economic growth erodes fuel demand. Its...

Oil firms to build refinery in 2010

Business | Energy
2009-3-3

CHINA National Petroleum Corp and Russian partner OAO Rosneft plan to start building a 21.1-billion-yuan (US$3 billion) refinery project in Tianjin next year, the local government said. The two companies first...

CNPC buys

Business | Energy
2009-2-27

CHINA National Petroleum Corp, the biggest Chinese oil company, agreed to buy Canada's Verenex Energy Inc for about C$499 million (US$398 million). A unit of CNPC International Ltd agreed on Tuesday to buy the...

Use of forex reserves for energy fund studied

Business | Energy
2009-2-17

CHINA is considering using part of its huge foreign exchange reserves to set up a fund for overseas energy exploration and acquisitions as part of a state plan to encourage offshore expansion, the nation's top oil...