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2015-07-01 19:15:00

CHINA STARTED TO BUILD

CHINA STARTED TO BUILD

Construction has begun on the Chinese section of the Russia-China Gas Pipeline, according to China National Petroleum Corp.

The June 29 commencement ceremony took place at the construction site in Heihe, Heilongjiang province, and by video link to Beijing and Moscow. The Chinese section will extend from Heihe to Shanghai.

CNPC and OAO Gazprom signed a 30-year gas purchase and sales contract for the eastern route pipeline in May 2014.

Construction of the Russian section, known as Power of Siberia, began in September.

Gazprom will start transporting gas to China via the eastern route in 2018. Gas delivery will gradually increase to 38 billion cu m/year.

CNPC and Gazprom also have signed a heads of agreement for gas supply via a western route from Western Siberia to China.

ogj.com

Tags: CHINA, RUSSIA, GAS

Chronicle:

CHINA STARTED TO BUILD
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

CHINA STARTED TO BUILD
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

CHINA STARTED TO BUILD
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

CHINA STARTED TO BUILD
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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