China will supply Argentina with two nuclear power reactors, the contract one of 19 agreements signed this week in Beijing during a meeting of Chinese president Xi Jinping and Argentinean president Mauricio Macri.
Saudi Arabian Oil Co. (Saudi Aramco) has agreed to build a refinery and petrochemical plant in China costing an estimated $13 billion, deepening ties between the world’s biggest oil seller and its largest importer.
Russian natural gas producer Gazprom and Chinese oil and gas company CNPC have contracted pre-development surveys with the intention to build underground gas storage (UGS) facilities in three provinces in China, Gazprom said on Monday.
China’s Hebei Province’s Development & Reform Commission (DRC) and its Economy & Information Commission (EIC) have announced more details about a plan for an electricity price policy for the steel industry, according to the Hebei Daily newspaper.
China imported on average 34.38 million barrels per day (MMBPD) of crude oil from Russia last month in March, up 9.3% from the February average, returning Russia to the top spot of China’s foreign oil suppliers.
China’s shale gas production surged 50.4% year-on-year to 1.15 billion cubic meters (Bcm – 40.59 billion cubic feet, Bcf) in March, signalling the country’s run-up to become one of the largest shale gas suppliers in the world.