China has picked Xinjiang to host public auctions of oil and gas exploration rights as part of pilot reforms to the country’s upstream sector.
Tensions are escalating in the South China Sea. The area may become unstable, and oil and gas reserves are potentially at stake.
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Zhonghai Hainan Power Generation, a subsidiary of China National Offshore Oil Corp., produced 925 GWh of electricity in the first half of this year, up by 30% on an annual basis.
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