China troubles crude import licence to group not owned by the state
China has issued a crude import licence to a non-state-owned firm soon after months of expectations, in a grudging 1st step towards opening its state-dominated oil sector to competitors. Hopes had been high that China would loosen controls over crude&nbsp…
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China to import 5 billion cu m/year of Russian gas when pipeline begins
Once the pipeline is completed, gas supplies to China will commence at 5 billion cu m/year and steadily rise to 30 billion cu m/year more than the 1st 5 years of deliveries. Volumes will attain 38 billion cu m annually from the sixth year onward, CNPC stated.
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