Sinopec takes big dip into oil industry in North Sea
2012-12-19 10:47:23
China Petrochemical Corp, or Sinopec Group, said on Tuesday it had acquired a 49 percent stake in the UK subsidiary of the Canada-based Talisman Energy Inc for $1.5 billion, marking the first direct investment by a Chinese company in the North Sea.
CNPC's overseas oil, gas output remains high
2012-12-19 09:49:10
CNPC said Tuesday that its overseas projects produced 86.21 million tons of crude oil and 17.5 billion cubic meters of natural gas as of Dec 17.
Midea Group restructures assets for possible listing
2012-12-18 16:59:31
Midea Group, a major home appliance maker, is restructuring assets worth over 90 billion yuan ($14.4 billion), according to a statement by Guangdong Midea Electric Appliances Co Ltd, a listed company largely owned by the Midea Group.
China-built power plant operational in Saudi Arabia
2012-12-18 16:55:57
An oil-fired power plant in Saudi Arabia built by Power Construction Corporation of China, or Sinohydro, went into operation on Friday.
Bright Dairy raises prices
2012-12-18 16:51:37
Chinese dairy producer, Bright Dairy & Food Co Ltd, will increase prices of their dairy products because of rising raw material costs.
Lifan eyes new assembly plant in Ethiopia
2012-12-18 14:20:49
Lifan Industry Group Co, a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year.
Li Ning warns of loss over plan to buy inventory
2012-12-18 14:19:58
Li Ning Co Ltd warned on Monday it will post a substantial loss for 2012 as a result of its plan to buy back inventory held by its distributors.
China Gas to buy Fortune Oil's operations for $400m
2012-12-18 14:18:14
China Gas Holdings Ltd, the supplier of natural gas to 172 Chinese cities, will buy Fortune Oil Plc's Chinese natural gas operations for $400 million.
BYD to make electric buses in US
2012-12-18 11:17:57
BYD Co Ltd will establish its first wholly owned manufacturing plant overseas in 2013, going to the United States to produce electric buses.
Apple's iPhone 5 China sales top 2m
2012-12-18 11:07:42
Apple sold 2 million sets of iphone5 on the Chinese mainland in the three days following the product's launch.
Chinese companies to take part in building Serbian railways
2012-12-18 10:30:07
Two Chinese companies may participate in the building of railway network in the Serbian section of the Pan-European Transport Corridor 10.
Chinese train maker granted US patents
2012-12-18 09:04:26
China CNR Corporation said Monday it has been granted four patents by the United States Patent and Trademark Office.