Category: Oil

Niger's military rulers have expelled three Chinese oil executives from the country and closed down a Chinese-run hotel, media reports and an official decree indicated Friday. Several Nigerien media reported that authorities had given two days' notice to leave the country ...

The new U.S. government vowed to crack down on the illicit oil trade between Iran and China, but late last week when Donald Trump unveiled his first sanctions aimed at stopping shipments between the two countries, it was a far cry from the "maximum pressure" campaign ...

China and Brunei are taking a step toward working together on oil and gas exploration in the South China Sea, a development that has drawn attention though some experts suggest it may be more symbolic than substantive. In a ...

The U.S. Treasury announced financial sanctions on Thursday, the first under the new administration of Donald Trump, that target an "international network" accused of shipping Iranian oil to China to fund Tehran's military activities. The sanctions target the network for "facilitating ...

Unidentified gunmen ambushed a vehicle carrying staff from the Chinese state-owned oil major CNPC near Niger's Agadem oil field, killing two local security guards and taking two of the Chinese nationals hostage. The incident, according to French news reports, took place ...

Russia remained firmly atop the leaderboard of China's top oil supplier in 2024, with Saudi Arabia coming in a distant second, according to new data from the Reuters news agency. Chinese oil buyers snapped up a record amount of Russian crude ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels ...

Indonesia’s recent entry into the BRICS economic bloc has reignited discussions about the potential to import oil from Russia, a move that could reshape its energy strategy and further complicate its position in the global geopolitical landscape. Luhut Binsar ...

Chinese Prime Minister Li Qiang arrived in Riyadh on Tuesday, Saudi state media reported. This is the first leg of a regional Gulf trip that will also take him to the UAE. Li "arrived in Riyadh to participate in the fourth ...

Chinese Premier Li Qiang will visit Saudi Arabia and the United Arab Emirates this week, Beijing's foreign ministry said Monday. "From September 10 to 13, Premier Li Qiang of the State Council will travel to Saudi Arabia to chair the Fourth ...

Ugandan police arrested 21 environmentalists in the capital, Kampala, on Monday as they protested a controversial multi-billion-dollar oil development scheme, their lawyer said. The East African Crude Oil Pipeline Project (EACOP), headed by French oil giant TotalEnergies, involves drilling for oil ...

Dozens of student activists were arrested on Friday as they tried to march to Uganda's parliament to deliver a petition against a controversial multi-billion-dollar oil development scheme, police and their lawyers said. The students were protesting a huge project headed by ...