China’s Sinopec cuts 2020 capital spending by 2.5%

Asia’s top refiner China Petroleum & Chemical Corp, or Sinopec, will trim capital expenditures in 2020 by 2.5% from a year earlier amid plunging...

China Oil Co discovered 1 billion tonnes of reserves in northwest China

According to China National Petroleum Corporation (CNPC), the proven reserves at Qingcheng oilfield in the Ordos basin stand at 358 million tons, while its...