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US-China tech combat opens new entrance in Ethiopia

Telecommunications

December 11, 2022

US-China tech combat opens new entrance in Ethiopia

A U.S.-backed consortium beat out one financed by China in a intently watched telecommunications public sale in Ethiopia—handing Washington a victory in its push to problem Beijing’s financial affect world wide. The East African nation stated Saturday it tapped a

By Hepisoping

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China oil large plans report $31bn spend on vitality safety push

Utility Services

September 3, 2022

China oil large plans report $31bn spend on vitality safety push

Sinopec will spend report quantities this yr to extend oil and fuel drilling as China goals to bolster its vitality safety and insulate itself from unstable international commodity markets. Considerably, the information comes because the Chinese language large pauses new

By Hepisoping

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India effectively positioned to grab Russian oil alternatives

Utility Services

August 25, 2022

India effectively positioned to grab Russian oil alternatives

India is effectively positioned to capitalise on Russian oil alternatives and is regularly stepping up as a purchaser of Russia’s oil exports. “China and India each have large-scale world-class refineries, however their capacity to react to market volatility and seize

By Hepisoping

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Chinese language oil big Cnooc planning North Sea exit as a part of ‘strategic shift’ – report

Utility Services

June 23, 2022

Chinese language oil big Cnooc planning North Sea exit as a part

Chinese language oil big Cnooc (TSX: CNU) is placing plans in place to tug out of the North Sea, based on experiences. Reuters says Financial institution of America has been drafted in to start out getting ready a proper sale

By Hepisoping

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China gasoline consumers search low cost Russian gasoline shunned by the world

Utility Services

April 1, 2022

China gasoline consumers search low cost Russian gasoline shunned by the world

China’s prime liquefied pure gasoline (LNG) importers are cautiously trying to buy further Russian shipments which have been shunned by the market in a bid to reap the benefits of low cost costs. State-owned corporations together with Sinopec and PetroChina

By Hepisoping

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About 650,000 barrels per day of Russian oil to be ‘swapped’ says Woodmac

Utility Services

March 15, 2022

About 650,000 barrels per day of Russian oil to be ‘swapped’ says

About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from superior economies, and the answer may very well be ‘crude swapping’, says Wooden Mackenzie. Considerably, Russia’s key market China not shoring up giant volumes but.

By Hepisoping

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Cnooc plans share buybacks after file revenue on expensive oil

Utility Services

February 27, 2022

Cnooc plans share buybacks after file revenue on expensive oil

Cnooc Ltd plans to implement share buybacks and assure dividends by means of 2024 after its earnings soared to a file final yr. China’s greatest offshore driller reported 70.3 billion yuan ($11 billion) in internet earnings in 2021, rebounding from

By Hepisoping