Asia

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.

Asia

China offers refineries bonus to export surplus diesel

27/11/2015

China's Sinopec is offering its subsidiary refineries big incentives to export their diesel fuel, sources said, in a rare move that reflects the top Asian refiner's deepening concerns about a growing domestic glut.

Asia

Saudi Aramco aims to invest more in Indonisia’s oil sector

26/11/2015

Saudi Aramco is looking for further investment opportunities in Indonesia's downstream refining and petrochemicals industry, the company's chief executive said today, after initiating a $5.5 billion project to upgrade the country's largest refinery.