Sino-Mongolian Oil Deal Undercuts Russian Role

Sino-Mongolian Oil Deal Undercuts Russian Role

Mongolian Petroleum Authority chairman G Ulziiburen announced in mid-March that Mongolia had made an agreement with PetroChina - a subsidiary of China National Offshore Oil Corporation - to exchange crude oil drilled in Mongolia with end-products processed in Inner Mongolia Autonomous Region. ...

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PetroChina Withdraws Bid for Australian Gas Producer

PetroChina Co., China's largest natural-gas producer, confirmed Tuesday that it withdrew a bid for an Australian coal-bed methane gas producer but said it would continue to invest in other Australia projects because of their commercial value and importance for energy security. ...

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Chinese Energy Firm Names New President

China National Petroleum Corp., the country's largest oil and gas producer, promoted a vice president known for his focus on natural gas to the role of president, reflecting the rising importance of the cleaner-burning fuel in China's energy mix. ...

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Seven Reasons Why China May Be the World Leader in Fighting Climate Change

China is an environmental mess. Smog in Beijing is so bad it’s literally broken the air-quality index. In Shanghai, it’s at times turned the city into a scene from Blade Runner. (It almost matches the infamous Cleveland smog of the 1970s.) Meanwhile, thousands of dead pigs—cause of death not yet known—have been floating down a river that cuts through Shanghai and provides part of the region’s drinking water ...

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Could Fracking Solve China’s Energy Problems?

China is an oil-devouring behemoth that is almost entirely dependent on other countries for its energy needs. Also, China is fortunate enough to have massive amounts of shale gas reserves — natural gas that is trapped in sedimentary rock. Sounds like an easy solution, right? ...

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