Fire Breaks Out at China Refinery

A fire broke out at a Dalian PetroChina oil refinery but was reportedly put out after a few hours. From Voice of America: China’s state news agency says a fire broke out at an oil refinery in the northeastern coastal city...

Drive to Tap into China Demand Spurs Partnerships

The Financial Times reports on a slew of new deals which have Western oil companies cooperating with Chinese partners on various projects around the globe: Royal Dutch Shell has teamed up with PetroChina for a joint bid for...

PetroChina Buys Oil Sands Project

From Fort McMurray Today (Canada): China’s biggest oil company is on its way to the oilsands region. In a statement released yesterday, Minister of Industry Tony Clement announced that he had approved an application by...

Venezuela and China Boost Ties With Refinery Deal

Brian Ellsworth reports for Reuters from Caracas: Venezuela and China have agreed to build a refinery in China to process Venezuelan oil, advancing leftist President Hugo Chavez’s push to boost ties between the OPEC nation...

Chinese Diplomacy ‘Hijacked’ By Big Companies

Chinese Big Oil is influencing the country’s foreign policy, especially when it comes to supporting Sudan’s military. From the Financial Times : Overseas investment by ­Chinese companies in countries such as Sudan...

China’s IPO Feeding Frenzy Leaves Sour Taste

From the Financial Times: When PetroChina listed its shares in Shanghai last November, the headline around the world was that PetroChina had a market capitalisation of more than $1,000bn – making it the planet’s most valuable...



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