News@ChinabyNumbers

China wants to lend Petrobras, Brazil’s state oil company, US$10 billion to develop deepwater oil fields off the coast of Rio de Janeiro. Brazil’s top energy official, Edison Lobao, told to Folha de S. Paulo newspaper that the United Arab Emirates is also interested in financing field development, without specifying a price. Lobao said that [...]

China’s largest oil company, China National Petroleum Corporation (CNPC), will jointly develop an oilfield in Uzbekistan with that country’s state oil company. The field has oil reserves of more than 30 million tons, and is expected to have an annual capacity of 2 million tons, CNPC said. The Chinese company said the agreement will help [...]