- CNOOC H1 Net Profit Falls 55%
China's largest producer of offshore crude oil will continue to focus on exploration and increasing output.
- China July Coal Imports Down 24%
China's coal imports are likely to keep shrinking in the coming months due to weaker downstream demand and increasing domestic inventory.
- China to Improve Renewable Energy Financing
A draft amendment to the Renewable Energy Law advocates the establishment of a fund jointly financed by central government fiscal revenue and surcharges on renewable energy consumption.
- CNPC, Abu Dhabi National Oil Sign MoU on Oil Trading
CNPC is stepping up its presence overseas, both in terms of acquisitions and strategic partnerships, as it looks to take advantage of depressed asset prices and strengthen China's energy security.