Asia

Asia

PetroChina and CNOOC may write down assets

22/03/2016

PetroChina, the country’s biggest oil and gas producer, and China’s largest offshore explorer Cnooc, may write down assets following crude’s plunge, analysts say.

Asia

Azerbaijan needs reforms to weather cheap oil – IMF

03/02/2016

The International Monetary Fund (IMF) today urged Azerbaijan to boost reforms and diversify its economy in order to withstand a plunge in global crude prices which has badly hit growth, budget revenues and the manat currency.

Asia

CNOOC and CGN strike strategic deal

15/01/2016

CNOOC (China National Offshore Oil Corporation) and (CGN) China General Nuclear Power Corporation have signed a strategic framework agreement on offshore oil and nuclear power.