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2014-09-05 17:40:00

SINOPEC: $10 BLN PLAN

SINOPEC: $10 BLN PLAN

Sinopec Corp is pushing ahead with plans to build China's largest plant to convert coal into synthetic gas, shaking off worries the $10 billion scheme could be hit by cost overruns that have dogged similar projects.

The world's top energy user has made largely untested coal-to-gas (CTG) technology a key part of its strategy to boost the use of cleaner fuels as it battles pollution in its big cities.

With production from conventional gas fields struggling to keep up with demand, China has increasingly relied on imports piped in from Central Asia plus long-term supply deals for liquefied natural gas.

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Tags: CHINA, SINOPEC, GAS

Chronicle:

SINOPEC: $10 BLN PLAN
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

SINOPEC: $10 BLN PLAN
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

SINOPEC: $10 BLN PLAN
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

SINOPEC: $10 BLN PLAN
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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