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Tag Archives: China National Petroleum Corp.

Iran makes $6 billion deal with Total, CNPC

total SA, Iran

According to the Wall Street Journal, Iran plans to sign a preliminary $6 billion deal with Total SA on Tuesday to help develop an onshore gas field. The move by Total is the first return by a Western energy company since sanctions were lifted this year. Total was long one of the most active Western oil companies in Iran, and ...

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PetroChina profit down 82 percent on low oil price

A Chinese national flag flutters between PetroChina's flags at PetroChina's headquarters in Beijing August 28, 2013. REUTERS/Kim Kyung-Hoon via NewsCred

BEIJING — State-owned PetroChina Ltd., Asia’s biggest oil and gas producer, says its quarterly profit declined 82 percent from a year earlier due to a sharp decline in oil prices. The Beijing-based company said it earned 6.2 billion yuan ($989 million), or 0.03 yuan (0.5 cents) per share in the three months ended March 31. Total revenue fell 22 percent ...

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US geologist freed after serving 8 years in China prison

Getty Images via NewsCred

BEIJING — A Chinese-born American geologist was released from prison in China after serving more than eight years on charges of procuring state secrets, a human rights group said Saturday. Xue Feng returned to his family in Houston, Texas, on Friday after being deported immediately following his release, the San Francisco-based Dui Hua foundation said. The foundation has long advocated ...

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Myanmar opens deep sea port for Chinese oil pipeline

Getty image via NewsCred

YANGON, Myanmar  — Myanmar has officially opened a deep sea port off its western coast, part of a $2.45 billion port and pipeline project that will carry crude oil from the Middle East to China. The port and 770-kilometer (480-mile) pipeline are a joint venture between the China National Petroleum Corp. and Myanmar Oil and Gas Enterprise. Both are state ...

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China signs 30-year deal for Russian natural gas

Russia's President Vladimir Putin, and China's President Xi Jinping, right, smile during signing ceremony in Shanghai, China on Wednesday, May 21, 2014. China signed a long-awaited, 30-year deal Wednesday to buy Russian natural gas worth some $400 billion in a financial and diplomatic boost to diplomatically isolated President Vladimir Putin. (AP Photo/RIA Novosti, Alexei Druzhinin, Presidential Press Service)

By Louise Watt and Vladimir Isachenkov | The Associated Press SHANGHAI — China signed a landmark deal Wednesday to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow’s ties with Asia. Price negotiations on the 30-year deal continued into the final hours of a two-day visit by Putin to China, during which ...

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