China will pursue its strategy to reduce the share of coal in its energy consumption, aiming to reach 17.3% of non-fossil energies in its total energy consumption in 2022, up from 16% in 2020.

Sinopec's crude oil production almost reached 280 mbl in 2021 (39 Mt, -0.2% on 2020), including 250 mbl in China (stable) and 30 mbl overseas (-1.8%).

"Currently the company's operations and business in Russia are largely running smooth and there are no signs of asset impairment," Sinopec's President Yu Baocai told investors and reporters during a call following its 2021 earnings release.

By 2025, carbon-free energy sources should account for 20% of the energy mix and 39% of the power mix.

The Chinese state-owned corporation China General Nuclear Power Group (CGN) has released its 2021 results, posting revenues totalling CNY80.7bn (US$12.7bn, +14% compared to 2020). The group, which owns and operates 25 nuclear reactors in China, injected 201.1 TWh of electricity to the power grid in 2021 (+7.9% compared to 2020)

Russian inflows to China hit a nine-month low of 1.42 million b/d in February, down 26.1% year on year and more than 25% month on month.

The previous government last year sent security questionnaires to three potential bidders – Westinghouse of the US, France’s EDF and South Korea’s KHNP – after state corporations from China and Russia were excluded on security grounds.

Saudi Arabia's national oil company Saudi Aramco has taken the final investment decision (FID) to participate in the development of a 300,000 bbl/d refinery in the city of Panjin, in China’s Liaoning Province.

NDRC in the Feb. 11 guidance focused on energy saving and decarbonization of energy-intensive industries including steel, ferroalloy and nonferrous metals sector.

Russia returned as the top supplier to China's independent refineries in January -- overtaking Malaysia -- with arrivals amounting to 2.77 million mt, up 45.7% from the previous month.