News

Russian oil pipeline monopoly Transneft will start construction on Thursday of a $1.34 billion pipeline link to help secure crude supplies to a major route feeding energy-hungry China.

The construction of the Russia-China oil pipeline will be finished by the end of this year, Chinese Foreign Minister Yang Jiechi said on Sunday.

China reached an initial agreement on pricing and supply for natural gas from Russia, energy chief Zhang Guobao said, the Xinhua news agency reported.

Duke Energy Corp. will soon launch a program to test whether algae can be used to remove carbon dioxide from its coal-plant emissions.

GAZPROM plans to deliver gas to energy-hungry China from 2015.

China's oil demand will increase faster amid better domestic economy in 2010.

China has ceded its position as the largest foreign holder of U.S. Treasuries to Japan after occupying top spot for 15 months.

Uganda will need $8 billion in investments in the next decade to develop its newly discovered oil and gas resources.

State-owned oil major China National Offshore Oil Corporation (CNOOC) is holding negotiations over the development of the Maysan (Misan) oil fields in southern Iraq.

Saudi Arabia on Monday played down suggestions it could encourage China not to block sanctions against Iran over its nuclear program.

Alaska officials are looking to China and what some believe will be that country's strong demand for natural gas to help the state advance its long-held pipeline dreams.

US Secretary of State Hillary Clinton is to press Saudi Arabia to help persuade China to support a tougher stand against Iran's nuclear ambitions.

China has warned that ties with the US would be undermined if US President Barack Obama met the Dalai Lama.

China and Russia are still in protracted price negotiations for a tentative gas supply deal.

 Refuned oil export becomes a must for Chinese oil producers, as production capacities exceed local demand

According to one expert, China is seen as a key market for gold industry.

Kazakhstan’ s government is mulling a plan that would enable China to lease a large swath of Kazakhstani land for agricultural use.

The company planned on Tuesday that its crude oil and natural gas output in 2010 may increase by 22 to 27 percent year on year.

Oil bounced back above $77 on Wednesday, reaching its highest level in almost two weeks.

China Investment Corporation (CIC) has paid $939 million for a stake in Kazakh oil and gas company KazMunaiGas (KMG), the Xinhua news agency reported on Wednesday