News & Commentary

Oct 9, 2001

The State appears to have adjusted its timetable for the kick-off of the long-awaited west-east natural gas transmission project after concluding that more work is needed to tap the potential market and finalize joint venture talks with global oil conglomerates.

Oct 6, 2001

Sinopec, China's second largest oil company, is expected to take up 5 percent of rival PetroChina's interests in the west-east gas pipeline.

Apr 18, 2001

PetroChina is trying to lure the world's top three oil majors to invest in a $5.4 billion gas trunkline by offering equity production at one of China's largest gas fields, industry officials said on Wednesday.

Jan 21, 2001

China will build a 10 billion yuan ($1.21 billion) gas pipeline
to link the resource- rich western region of Xinjiang with eastern Shanghai
as part of the government's efforts to give priority to developing western
China, the Xinhua news agency said.

Jan 19, 2001

Urumqi, China -- A natural gas field discovered in the Tarim Basin of northwest China's Xinjiang Uygur Autonomous Region is estimated to hold reserves of 3 trillion cubic meters, the Xinhua news agency reported, citing unnamed officials from the Tarim Oil Field Corp.

Dec 7, 2000

Northwest China's Xinjiang Uygur Autonomous Region will become
the nation's second largest oil production center and largest natural gas
production center by the year 2005.

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.

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