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Latin American Nations Are Optimistic about Foreign Oil

  • Posted: 08/27/2014 01:06:38
  • Hits: 997

According to the report of Colombian Observer on August 25, Latin American countries show optimism about attracting foreign investment and external technology to develop oil industry. Many countries...


Global Oil Demand Will Reduce within Two Years

  • Posted: 08/20/2014 03:15:00
  • Hits: 980

United States Energy Information Administration recently released Forecast Report of Monthly Short-Term Energy. It lowered expected global oil demand to 91.56 million barrels/day this year and 92.96...


Austrian OMV AG Won't Sell Natural Gas to Ukraine

  • Posted: 08/13/2014 06:35:01
  • Hits: 1081

It was reported on Tuesday that Austrian Oil and Gas Group (OMV AG) would not sell gas to Ukraine. Gerhard Roiss, the CEO of OMV, said: “Despite the higher prices we are able to offer to Ukrai...


Iran Intents to Expand Oil Exports to Asia

  • Posted: 08/06/2014 02:35:39
  • Hits: 1085

An executive of an energy company disclosed that Iran was negotiating with several Arab and Asian countries in order to sign new oil contracts in the near future, reported by foreign media.  &...


South Korea Encourages Diversified Oil Imports

  • Posted: 07/31/2014 01:25:13
  • Hits: 1031

South Korea departments of trade, industry and energy disclosed recently that the government would provide domestic refiners with subsidies to encourage them to import crude oil outside Middle East ...


China to Reduce Imported Petroleum Oil from GCC Countries

  • Posted: 07/23/2014 06:27:29
  • Hits: 1122

According to a an economic report released by China Investment Corporation in Kuwait last Sunday, China will decreasingly import petroleum oil from the GCC countries in 2014, with a declining share ...


China Safety Valve Industry Presents Good Prospects

  • Posted: 07/19/2014 05:33:45
  • Hits: 1070

Safety valves belong to automatic valves, which are widely used for boiler, pressure vessel and pipeline. They control the pressure not to exceed the specified value in order to protect personal saf...


The International Energy Agency Suggests Oil Supply Risks

  • Posted: 07/16/2014 03:20:03
  • Hits: 1130

According to the International Energy Agency (IEA), a new report expects that benefited from the global economic recovery, global oil demand will reach 92.76 million barrels per day on average in 20...


China to Promote Underground Pipeline Pre-warning Tech

  • Posted: 07/10/2014 05:39:29
  • Hits: 1113

Recently, the general office of China state council issued “Guidance Opinions about Strengthening the Construction of Urban Underground Pipeline Management”. The opinion aims to promote ...


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