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03/28/2024 08:25:55 am

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CNPC Snaps up 8 percent Stake in Abu Dhabi’s Oil Venture.

China’s oil Juggernaut CNPC Snaps up 8 percent Stake in Abu Dhabi’s Oil Venture

China's state owned oil and petroleum giant The China National Petroleum Corporation (CNPC) has snapped an 8 percent stake in Abu Dhabi's largest oil concession in a deal that is worth estimated to be $1.77 billion.

Russian Oil Stops Flowing To Western Europe Thru Belarus

China May Quadruple Gas Imports by 2030

China may increase its gas imports from 53 billion cubic meters per year to between 190-270 billion by 2030, according to Li Yueqiang, head of the China National Petroleum Corp. (CNPC) International Department.

China National Petroleum Corporation

Chinese State-Owned Oil Company to Divest Itself of Hotels and Cars

A Chinese government-owned oil company has announced on Monday that it will divest most of its hotels and let go of several thousand vehicles. The move is seen as an effort by the company to stamp out graft and corruption within its ranks.

Sinopec

China To Build Its Own ExxonMobil

China is planning to merge its biggest state-owned oil companies in a bid to become globally competitive amid sliding crude oil prices.

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