The recently announced $20 billion deals on clean energy between China and the United States have brought collaboration between the two countries to the next level, boosting closer ties on green technology.
The nation will approve another 10 nuclear power projects during the 12th Five-Year Plan (2011-2015), according to Zhang Guobao, former director of the National Energy Administration.
China will ratchet up its efforts to construct the second phase of the national crude oil reserve base project in 2011, as part of the country's endeavor to secure strategically important natural resources and stabilize the petroleum market.
China's Finance Minister Xie Xuren said the country will extend the resource tax - currently only in force in the Xinjiang Uygur autonomous region - to other areas in the coming five years while stepping up a revision of the country's fiscal and tax system.
China Datang Corp is poised to win China's first solar photo-thermal power plant project because the company offered a lower-than-expected price in its bid for the project, China Business News reported on Tuesday, citing an unnamed source.
China National Electric Engineering Co Ltd (CNEEC) says it secured most of its 2010 revenue from overseas power station projects, representing the Chinese contractor's capacity in the international Engineering, Procurement and Construction (EPC) market.
China Petrochemical Corp (Sinopec Group), Asia's largest oil refiner by capacity, is expected to report a more than 100 billion yuan ($15 billion) net profit in 2010, as surging oil prices pushed up its performance in the upstream sector.
PetroChina has halted natural gas shipments to some downstream industrial users in North China this month to guarantee sufficient residential supplies, the National Business Daily reported Tuesday.
Chinese nuclear power developer China National Nuclear Corp (CNNC) and US-based Exelon Corp signed an MOU last week, marking the first step for the top US nuclear power operator to provide nuclear power service in China.
China's overseas crude dependence ratio surpassed 55 percent, the Economic Information reported Monday, citing an industry report.
China Power New Energy Development Co Ltd said it planned to sell 2.8 billion new shares to China Yangtze Power Co, raising HK$2.1 billion ($270 million) to fund its investment in power generating projects.
China Petroleum and Chemical Corp (Sinopec), the nation's largest oil refiner, said on Friday that it processed 211 million tons of crude oil in 2010, up 13.2 percent year-on-year.