China's Quest for Oil
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The Middle Kingdom can't find enough oil to meet booming domestic demandÂand the world is paying the price at the pump
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By Anonymous  First oil piped through China-Kazakhstan line  PetroChina has successfully transported its first shipment of crude oil along the 963-km China-Kazakhstan pipeline to its oil tank farm and refinery in northwestern Xinjiang Uygur Autonomous Region.
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An artist's rendering of a bowhead whale diving. (Richard Ellis) Our endless quest for that wondrous liquid fossil fuel, oil, is expanding toward the ends of the Earth as higher prices justify more extreme extraction efforts. Jad Mouawad, my friend and colleague covering the global oil industry, ventured to frigid Barrow, Alaska, recently to write about [...].
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BP Plc hopes to take advantage of China's growing clout in the global energy market by jointly tapping oil and gas reserves with Chinese companies in foreign countries, state media said.
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American consumers watching the dollars rack up as they pump gas at stations across the country usually blame the high prices on the war in Iraq. But China's galloping fuel consumption could destabilize global energy markets and security even more profoundly, energy specialists say.
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PetroChina, Chinaâs largest oil and gas producer, said it planned to make an initial public offering of shares in Shanghai that may be Chinaâs largest, raising more than $9 billion.
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China, hosting its first major energy summit on Saturday, urged top oil consumers to join together in the face of resurgent producer power and sought to paper over differences on how best to achieve energy security.
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China&#039;s premier visited this oil-producing state Monday as part of a seven-nation African tour to sign deals to keep natural resources flowing to the booming Chinese economy and shore up support in Beijing&#039;s diplomatic rivalry with Taiwan.
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Theories abound over how best to help China embrace emissions-reducing policies., but can the emerging superpower realistically fast-forward through the most carbon-intense phase of nation building?
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If China wants to slow the rate of economic growth and oil demand slows because of that, &quot;then the oil prices at these levels are too high,&quot; he said.
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Oil prices tumbled again Thursday as traders anticipated lower demand from economic powerhouse China on the heels of an unexpectedly large rise in US crude inventories.
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BEIJING, Sept. 24 (Xinhuaent) -- Premier Wen Jiabao is now in Moscow with a mission to secure more power supply from Russia to satisfy China&#39;s booming demand for oil and gas.
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Royal Dutch/Shell Group (RD.AS) (SHEL.L) said it would jointly operate 180 gas stations in China by the end of 2004, the second foreign oil major after BP to enter the country's huge but tightly controlled retail market.
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China's top oil firm, PetroChina, is expected to raise more than $9bn (Â£4.88bn) for its listing on the Shanghai Stock Exchange.
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China will spend about $3.4 billion over two to three years laying thousands of miles of oil pipelines to help secure its energy supply in the face of soaring prices and demand.
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China's top climate official said on Tuesday that Beijing is determined to curb the use of fossil fuels behind global warming, but deflected questions of whether the big emitter will accept caps on greenhouse gases.
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BEIJING: Record oil prices have had only &quot;limited&quot; impact on the Chinese economy but the country needs to be keep a close watch on the issue, a senior official said.