Asia Petroleum Jobs - Job search, job opportunities, career development, Oil&Gas job, Offshore job, Petroleum job, Looking for job, Mining job, graduated, Vacancies Jobs, หางานบริษัทน้ำมัน

Home >> Career Resource >> FAQ

China to form national oil and gas pipeline company-state planner


China will create a national oil and gas pipeline company, the country’s state planner said on Tuesday in the first official acknowledgement of a reform that has been anticipated by the energy industry. The National Development and Reform Commission (NDRC) did not give a timetable or any details of the plan in its annual work report published at the opening of the annual meeting of parliament. Creating a central oil and gas operator will help China’s state-owned energy companies separate the cost of pipeline transportation from the sale of oil and gas. Reuters reported last month that a formal plan for the pipeline group combining the long distance pipeline assets of the country’s state-owned energy companies will be announced this year. The NDRC on Tuesday also repeated its goal of speeding up domestic oil and gas exploration. By Reuters ll Reporting by Meng Meng and Dominique Patto ll Editing by Richard Pullin

China will create a national oil and gas pipeline company, the country’s state planner said on Tuesday in the first official acknowledgement of a reform that has been anticipated by the energy industry.

The National Development and Reform Commission (NDRC) did not give a timetable or any details of the plan in its annual work report published at the opening of the annual meeting of parliament.

Creating a central oil and gas operator will help China’s state-owned energy companies separate the cost of pipeline transportation from the sale of oil and gas.

Reuters reported last month that a formal plan for the pipeline group combining the long distance pipeline assets of the country’s state-owned energy companies will be announced this year.

The NDRC on Tuesday also repeated its goal of speeding up domestic oil and gas exploration.

By Reuters ll Reporting by Meng Meng and Dominique Patto ll Editing by Richard Pullin

Related Career Resource

China Says Will Eventually Allow Private Companies To Invest In Oil Storage

China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector that mainly underscored earlier pledges on reforming heavily monopolized oil and gas industries.

By : Reuters Reporting by Meng Meng and Beijing Monitoring Desk l Editing by Joseph Radford | May 24, 2017

BP To Sign Azerbaijan Oilfield Extension Deal At End Of June

British oil company BP expects to sign a contract at the end of June extending its production sharing deal for Azerbaijan's biggest oilfields until 2050, the company's regional head said on Wednesday.

By : Reuters l Reporting by Nailia Bagirova l writing by Margarita Antidze l editing by David Clarke | June 02, 2017

OPEC Oil Cut Extension Renews Asia's Crude Supply Worries

The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go hunting for crude.

By : Reuters l Reporting Osamu Tsukimori in TOKYO, Niha Dasgupta in NEW DELHI, Li Peng Seng in SINGAPORE, and Jane Chung in SEOUL l Writing by Henning Gloystein l Editing by Tom Hogue | May 30, 2017

Malaysia's Petronas Cautious on 2017 Even As Quarterly Profit Doubles

Malaysia's Petroliam Nasional Bhd said on Friday quarterly profit more than doubled from a year ago, helped by higher margins and a recovery in oil prices, but the state-owned energy firm maintained a cautious outlook for the rest of the year.

By : Reuters l Reporting by Emily Chow and A. Ananthalakshmi l Editing by Christian Schmollinger and Alexander Smith | June 06, 2017