Energy

China Coal Energy to Build Coal Railways

China Coal Energy Co., Ltd. (SEHK: 1898 and SHSE: 601898) today announced that it will team up with China Railway Investment Corporation (CRIC) and other 14 sponsors in building railways for coal transportation from western Inner Mongolia t

Quanchai Engine Predicts Jan-Jun Net Profits Down 50%-100%

Anhui Quanchai Engine Co., Ltd. (SHSE: 600218) posted performance report prediction on July 24, estimating its net profits declined 50%-100% during the period of January-June 2012. The company reaped CNY 41.66 million profits in the corresp

CNOOC Fully Forays into LNG Carrier Fields

China National Offshore Oil Corporation (CNOOC) today announces that it has fully marched into the LNG (liquefied natural gas) carrier field, marking an all-around participation in the full industrial chain of its current LNG projects. On J

Hanlong Mining's Acquisition of Sundance Resources Approved

China's Hanlong Mining, a private company based in Sichuan province, June 25 announced that its plan of acquiring Australia-listed Sundance Resources, an iron ore exploration and development company, has been approved by the Foreign Investm

China's Acquisition of Oversea Mines Slows Down

The China Mining Association (CMA) revealed that there had been 53 acquisition deals of oversea mines since the beginning of 2012 till mid June, involving investment value of USD 3.678 billion, with both figures declining more than 50% year

Lifan Industry to Invest CNY670mn in New-energy Battery

Lifan Industry (Group) Co., Ltd. (SHSE: 601777) announced on June 26 that it plans to invest CNY 670 million in establishing workshops of storage battery and lithium battery and related equipment and also a new energy research institute. Li

China May Processed 38.33mn Tons of Crude

The National Bureau of Statistics posted that China processed 38.33 million tons of crude oil in May, shrinking by 0.7 percent from the month last year. The Dow Jones Newswires calculated that the May crude processing amounts were equivalen

China Maximum Power Shortage Predicted to Be 18mn KW

Liu Tienan, Deputy Director of the National Development and Reform Commission and also Director of the National Energy Administration, predicted on June 8 that some areas in China will see maximum power shortage reach about 18 million kilow

Shenhua Group to Get 100% of State Grid Energy Development

China Shenhua Group Corp. will get 100 percent of State Grid Energy Development from State Grid Corporation of China. On June 9, Guangdong Golden Horse Tourism Group Stock Co., Ltd. (SZSE: 000602), controlled by State Grid Energy Developmen

Xiamen Tungsten Denies Participation in Huge Tungsten Mine

Xiamen Tungsten Co., Ltd. (SHSE: 600549) announced that it did not directly participate in the exploration of the world's largest tungsten mine based in the southern Chinese province of Jiangxi. The announcement was made on the evening of J

1st 600,000KW Unit of Guandi Hydropower Station in Run

The first 600,000-kilowatt unit for Guandi hydropower station on the Yalongjiang River was officially put into operation recently. As the first large hydropower station with installed capacity being 1 million kilowatt in Sichuan Province an

BHP Billiton May Join China Iron Ore Spot Trading Platform

BHP Billiton, one of the world's Top Three iron ore suppliers, is expected to join China's iron ore spot trading platform on the heels of the other two, Vale and Rio Tinto, have become part of the platform. It has been expected for long by

Gulf Arab states' experts meet in Riyadh to mull over joint nuclear strategy

Today, senior officials and nuclear experts of the six-nation Gulf Cooperation Council (GCC) will hold a meeting in Riyadh to study a project on the use of nuclear energy and to review a plan to boost cooperation between member states and t

Ukraine invites European companies to store gas in underground facilities

Naftohaz Ukrayiny is discussing joint use of Ukraine's underground gas storage facilities with European companies. As a UNIAN correspondent reported, the deputy board chairman of Naftohaz, Vadym Chuprun, said this speaking at the third annua

Nigeria Delta militant group explains return of militancy to oil-rich region

The gradual return of militancy in the Niger Delta has been attributed to the alleged failure of the Federal Government to disarm all the militant groups in the region. Spokesman of the Niger Delta Liberation Force (NDLF), Mark Anthony who

Iranian envoy optimistic about results of nuclear talks

Iran's Ambassador to Italy Mohammad Ali Hoseyni says the Islamic Republic will engage in negotiations with the world's six major powers (P5+1) seeking a win-win result. Negotiations with the P5+1 - Russia, China, France, Britain, the US and

South Korean envoy notes advancement in gas pipeline with Russia, North Korea

The Republic of Korea Ambassador to Russia, former chief nuclear negotiator Wi Sung Lac, says there has been progress on a gas pipeline connecting Russia, North Korea and South Korea. At the moment it is at the stage of enterprises discussi

Iran crisis affecting Chinese oil reserves

The rising price of crude oil, pushed up by the latest Iran oil ban, has made it more difficult for China to build its oil reserves, analysts said. Benchmark March crude oil hit a nine-month high of 105.26 US dollars per barrel on the New Y

China slows development of nuclear plants after Japan earthquake

HANGZHOU, 23 February - Nuclear power has great growth potential in China, as the world's second-largest economy remains hungry for more energy to fuel its economic development. Nuclear power plants provide 15 percent of the world's electri

Halt to oil export result of Europe's hasty decisions

Iran's Ambassador to Sweden Rasul Eslami has said that halting oil export to some of European companies was a result of hasty decisions by those countries, IRNA reported. In a meeting with the director-general of the Swedish Foreign Ministr

European countries negotiating long-term oil contract with Iran

General-manager of Iran's National Oil Company, Ahmad Qale'bani has said that after stopping crude oil exports to Britain and France, other European countries are negotiating for signing long-term contract with Iran, ISNA reported. Accordin

Japan, US negotiate reduction in oil imports from Iran

Tokyo, 23 February - Japan is in the final stage of negotiations with the United States on Washington-led sanctions against Iran, seeking to win an exemption from them on condition that Tokyo promises to cut its crude oil imports from the M

Russian bank to fund Belarusian share in nuclear power plant construction

Alyaksandr Lukashenka on Monday [13 February] met with Vladimir Dmitriyev, CEO of Russia's Vneshekonombank, in Minsk to discuss the construction of Belarus' first-ever nuclear power plant that is to be financed through Russia's loan. It is n

Iran official emphasizes "awareness" about use of nuclear energy

Head of Iran's Nuclear Safety System Naser Rastkhah has stressed the need to increase people's awareness about nuclear energy and its use in daily life, ISNA reported. People's awareness will lead to greater employment of safety measures in

South Sudan said ready to export oil through Sudan

Addis Ababa, 12 February - Sudan News Agency (SUNA) learned that the government of South Sudan State expressed its readiness to export its oil through the Sudan as soon as a trade agreement is reached by the two sides. This came at the outs

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Iran has signed an agreement with Iraq to provide gas to its power plants, Iran's news network IRINN reported on 1 July. The report said, the agreement, which is worth above 370m dollars, was signed