Crude imports from Iran down 1.9pc - SCMP/Reuters | First-half year-on-year fall buoys case for waiver extension on US sanctions against Tehran
The major cut on crude imports for the year could come from Unipec, the trading vehicle of Sinopec.The mainland's daily crude oil imports from Iran fell 1.9 per cent year on year in the first half of this year, making it easier for it to stake another claim to a waiver extension on US sanctions against Tehran.
...Beijing won a six-month waiver last month, along with other Asian importers of Iranian crude, and officials have said mainland refiners were likely to cut imports from Iran by 5 to 10 per cent this year. The next waiver review is due in November or December...The drop in first-half volumes came on top of a 21 per cent cut in purchases from Tehran in the first half of last year after a contract dispute slashed shipments in the first quarter of 2012.
PetroChina set for windfall from price reforms – Bernstein - Interfax | Leading natural gas producer PetroChina stands to reap an earnings windfall of up to RMB 70 billion (over the next three years if Chinese gas price reforms are fully carried out, Bernstein Research said on Tuesday.
Chinese coal company releasing toxic wastewater, Greenpeace says - Guardian |
State-owned mining firm's operations in Inner Mongolia depleting groundwater levels and polluting water sources, report claims ... project operated by China's largest coal miner, Shenhua Group, has reduced groundwater levels in an Inner Mongolia region and discharged high levels of toxic wastewater, environmental campaign group Greenpeace said on Tuesday.
Mikkal E. Herberg on China's Energy Future -Mikkal E. Herberg is Research Director of NBR's Energy Security Program. He is also a senior lecturer on international and Asian energy at the Graduate School of International Relations and Pacific Studies, University of California, San Diego | Discusses the state of China's energy policy and the changes China needs to make for its future energy security.
Massive earthquake strikes rural Gansu - Danwei | Early yesterday morning, Zhu Wenqing 祝文清 had just arisen from bed in Majiagou 马家沟 village, Min county 岷县, Gansu, when he heard a spectacular boom. He rushed outside and watched as the building he had just exited began to sway violently, and moments later, collapse from an aftershock. Many neighbors were not so lucky, as newspapers are reporting today with headlines around China exclaiming “Magnitude 6.6 Earthquake Yesterday in Gansu: 89 Dead, More than 500 Injured” (甘肃昨发生6.6级强震89人遇难800余人伤).