China National Petroleum Corporation
Coverage of China National Petroleum Corporation in the Nexus archive.
- Abu Dhabi National Oil Company invests in $6.2B domestic gas project
Abu Dhabi National Oil Company (ADNOC) will invest $6.2 billion with TotalEnergies, Eni, and China National Petroleum Corp to develop natural gas at the offshore Umm Shaif field. The project aims to produce 600 million cubic feet of gas daily by 2030, supporting UAE domestic demand and LNG exports while reducing reliance on Qatar’s gas imports before the Dolphin pipeline agreement expires in 2032.
- Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears
China’s crude oil demand is expected to peak this year, with slowing transport fuel use offsetting gains in petrochemical demand. Executives from China National Petroleum Corporation cited this trend as a factor reshaping the global energy market amid the Strait of Hormuz crisis.
- Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears
China’s crude oil demand is expected to peak this year as reductions in transport fuel use offset gains in petrochemical demand. Executives from China National Petroleum Corporation cited this trend during a Hong Kong event, linking it to broader shifts in the global energy market amid the Strait of Hormuz crisis.