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Pipelines are seen at the TOTAL oil refinery on January 10, 2007 in Leuna, Germany.

China's CEFC, CNPC Grab 12% Stake in Abu Dhabi Oil Deal

Feb 21, 2017 05:30 AM EST

Shanghai-based CEFC China Energy Co. snatched the last 4 percent stake for the onshore venture, Abu Dhabi National Oil Co. (ADNOC) confirmed on Monday. CEFC will be paying an $888 million signing bonus. China National Petroleum Corp. (CNPC) was also awarded an 8 percent in exchange for a signing bonus of $1.8 billion.

China's PetroChina Co. posted the highest liability among non-financial A-share companies with more than $1.05 trillion yuan ($162.8 billion).

PetroChina's Liabilities Amount to 1 Trillion Yuan

Charissa Echavez |

Apr 11, 2016 04:05 PM EDT

PetroChina, the country's biggest oil producer, posted the highest amount of liabilities among all non-financial A-share firms with 1.05 trillion yuan ($162.8 billion), the worst in nearly two decades.

China National Offshore Oil Corporation's (CNOOC) oil rig is seen in China's Bohai Sea.

China Becomes World's Second Largest Oil Refining Country

Iesha javed |

Mar 22, 2016 09:15 AM EDT

According to the 2016 China Oil and Gas Industry Development Analysis and Development Report, issued by the China Petroleum Enterprise Association and China Oil and Gas Industry Development Research Center on March 21, China is the world's second largest oil refining country after the United States.

Cristina Fernandez de Kirchner and Xi Jinping

Of ‘Lice’ and ‘Petloleum’: Argentina’s President ‘Solly’ for Mocking Chinese Accent

Raymond Legaspi |

Feb 05, 2015 12:55 AM EST

Argentinian President Cristina Fernández de Kirchner has learned the hard way that making fun of the accent of her host, China, does not sit well with her countrymen especially when she is seeking billions of dollars in aid from her host.

Beijing’s Interests In South China Sea Are Beyond Territorial -- Report

Kristina Fernandez |

Oct 29, 2014 04:59 AM EDT

China’s territorial disputes with its maritime neighbors over the South China Sea is not at all just about regional supremacy, but about oil and natural gas reserves as well, claims a story published by The New York Times Tuesday.