News & Commentary

Dec 5, 2000

On December 4, Spokesman for the Office of the State Leading
Group in Charge of the West-East Gas Transmission Project Construction
announced in Shanghai two special policies on the Project: Opening the
whole line of the project to the outside for all-round cooperation, the
foreign side can hold share of the project; considering the particularity of
the project, the State Council has made an exceptional decision to include
the construction of the urban natural gas pipeline network into the
cooperative scope of opening to the outside world.

Nov 7, 2000

China has discovered an oilfield capable of producing 1 million tons of oil
annually in the Junggar Basin in the Xinjiang Uygur Autonomous Region in
northwest China, industrial sources said.

Nov 2, 2000

China's largest oil and gas producer PetroChina
(NYSE:PTR - news) plans to offer at least 11 onshore concession blocks next year, Beijing-based industry sources said on Thursday.

Nov 1, 2000

China, hoping to make the most of the
current wave of interest in its rapidly expanding energy sector, is stepping
up a drive to lure overseas investors into upstream oil and gas exploration.

Oct 6, 2000

The largest copper reserve in China was discovered in the Xinjiang Uygur Autonomous Region, according to Jiang Chengsong, vice minister of the Ministry of Land and Natural Resources.

Oct 6, 2000

The Xinjiang Uygur Autonomous Region is striving to become a leading crude
oil production center in China.

Sep 26, 2000

China could use its own funds to build a
4,200-kilometer (2,600-mile) gas pipeline from the western Xinjiang region to the eastern port of Shanghai if no foreign investors come forward, officials said Tuesday.

Aug 15, 2000

Twenty-six enterprises and units have signed a contract in Urumqi, the capital of Northwest China's Xinjiang Uygur Autonomous Region, to set up a cotton industrial development company capitalised at $US72.4 million (600 million yuan).

Mar 28, 2000

Preparatory work for a giant east-west gas
pipeline stretching from the Tarim Basin in Xinjiang to Shanghai has
begun,reported the China Daily on Monday. Official figures show that a total
of 419 billion cubic meters of proven natural gas reserves exist in the vast
Tarim Basin of the Xinjiang Uighur Autonomous Region in northwestern China.

Mar 17, 2000

China aims to complete construction of a
4,200-km (2,625 mile) natural gas pipeline by the end of 2003, ahead of an
original 2007 target, Chinese industry sources said on Friday.
The pipeline begins in the Tarim basin in northwest Xinjiang and runs
through the provinces of Gansu, Ningxia, Shaanxi, Shanxi, Henan, Anhui,
Jiangxu to Shanghai.


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