Gazprom will hold a new round of talks with China on the supply price of natural gas in January 2009, Alexander Medvedev, vice president of the leading Russian gas supplier, announced Tuesday.

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Weifang City, an emerging oil refining and chemical base in Shandong Province, and Qingdao Port will be connected by a 200-kilometer pipeline for heavy liquid chemical raw material transportation.

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Qatar's first foray into China's oil market, a joint venture refinery with PetroChina and Royal Dutch Shell, will boast a capacity of more than 200,000 barrels per day (bpd), China Business News said on Thursday.

Beijing- China's eastern Jiangsu Province has put its first fuel pipeline into operation, in an effort to quickly and efficiently provide fuel products to the region's fastest growing city, Suzhou, a city government official tol... [ more ]

Beijing- PetroChina Co. Ltd. (PetroChina) will acquire upstream assets from its parent company, China National Petroleum Corp. (CNPC), in an effort to expand its oil exploration business, a PetroChina official told Interfax on N... [ more ]

Beijing- A fuel tax under consideration in China could pave the way for a market-driven pricing system for oil products, an oil analyst told Interfax on Nov. 20.

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Beijing- The Chinese central government has given the green light for the commercial operation of a 1.6 billion-cubic meter underground natural gas storage facility in Tianjin Municipality, China National Petroleum Corp. (CNPC) ... [ more ]

China's top economic planning body is working closely with a number of government organizations to study the feasibility of reforming China's retail oil pricing mechanism and the introduction of fuel taxes.

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SHANGHAI- PetroChina Co (601857.SS: Quote, Profile, Research, Stock Buzz) (0857.HK: Quote, Profile, Research, Stock Buzz) said on Friday it has received approval from China's securities regulator to issue up to 30 billion yuan (... [ more ]

LOS ANGELES- Myanmar has awarded China the right to manage planned pipelines that will transport crude oil and natural gas from the Bay of Bengal across Myanmar to Kunming in southwestern China.

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