It added that the retreat in Chinese oil
demands will have a negative impact on OPEC's GCC oil producing countries.
The move assumes significance in light of the strong interest in DME among Chinese oil
traders and the impending launch of a new crude oil futures contract by the Shanghai International Energy Exchange Corporation (INE), the exchange said in a statement.
He added that the Chinese oil
company plans to set up a power plant works by invested gas dedicated to providing Halfaya field and the residential area surrounding areas in the district of Alekhala.
It said the Chinese embassies in both Khartoum and Juba with China National Petroleum Corporation (CNPC), a government owned major oil company operating in Paloch, have already evacuated over 400 Chinese oil
workers from the conflict area.
Pointing to Chinese oil
minister's recent trip to Iran, Moqaddam said that Chinese banks are investigating a plan to finance Iranian projects at three times the amount of money Iran has in China, Fars news agency reported April 17.
Islamabad -- Chinese oil
and Gas companies have expressed deep interest to make contribution in the oil and Gas sector of Pakistan to cater the growing demand of the country.
4, 2015 /PRNewswire/ -- BMI View: We have upgraded our short-term forecast for Chinese oil
consumption on expectations that lower oil prices will give demand a brief boost, though longer term demand will still be constrained by structural issues in the Chinese economy.
Gulf Petrochemical Industries Company (GPIC) president Dr Abdulrahman Jawahery received a high-level Chinese oil
delegation and discussed co-operation to promote investment opportunities and training programmes, a report said.
The Kurdish governor of Kirkuk, Najmaddin Karim is expected to visit China with the aim of signing oil contracts with 2 Chinese oil
The authoritative ICIS China Annual Petroleum Report, due for release in January 2015, calculates Chinese oil
demand to have hit 503 million tonnes over the course of this year.
3 per cent in Sinopec's crude throughput in the first half of 2014, and point to a possible recovery in Chinese oil
demand next year after a slowing economy curbed fuel consumption growth this year.
Speaking to the oil ministry's website, Hosseinnejad regretted about Chinese oil
companies delay in implementation of the shared fields, especially Yadavaran, saying even though drilling is over but 45 percent of the on the surface installations have yet to be installed and installation of wellhead equipments are not complete.