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BEIJING -- China's oil and gas industry saw steady growth in 2018, with expansion reported in both proven reserves and annual output, according to the Ministry of Natural Resources on Monday.In 2018, national exploration of oil and gas saw a total investment of 63.66 billion yuan (about $9.26 billion), up 8.9 percent year on year, the ministry said in a report on its website.Investment in oil and gas exploitation rose 24.7 percent to reach 203.11 billion yuan, according to the ministry.Newly added proven oil reserves stood at 959 million tonnes in 2018, a 9.4-percent rise after declining f...
تاريخ: 2019 - 07 - 16
المشاهدات:3
Renewables to help create low-carbon and clean, safe energy mix, say expertsWind and solar photovoltaic power are likely to achieve grid price parity within 2020, while at the same time, their quick development will further diminish the share of hydropower in the total power output by renewables in China, according to industry experts.Zheng Sheng'an, president of China Renewable Energy Engineering Institute, estimated the rapid growth of wind and solar power will continue throughout 2025, driven by the country's commitment to reducing carbon emissions even as conventional hydropower is...
تاريخ: 2019 - 07 - 13
المشاهدات:5
After seven years of negotiations, African leaders met on Sunday to launch the largest free trade zone in the world, bringing together a population of approximately 1.2 billion and a combined GDP of $2.5 trillion.Leaders attending an African Union summit in Niamey, Niger, agreed on five operational instruments to underpin the African Continental Free Trade Area. These are: regulations determining rules of origin, an online negotiating forum, a mechanism to monitor and eliminate non-tariff barriers, a digital payment system and an African Trade Observatory.Intra-trade constituted only 17 percen...
تاريخ: 2019 - 07 - 09
المشاهدات:7
China will further optimize the business environment in ports to spur cross-border trade, officials from the General Administration of Customs said on Wednesday.Hu Wei, deputy director of the administration, said during a news briefing that continuous efforts to shorten the clearance process have yielded fruitful results.The number of documents needed under the import and export regulations has been cut from 86 to 46, out of which 42 can be verified online, Hu said.'By the end of this year, apart from certain confidential documents, all the documents required for imports and exports will b...
تاريخ: 2019 - 07 - 04
المشاهدات:4
BEIJING - China is seeing a rapid expansion of renewable energy in its improving energy structure, which accounted for 38.4 percent of the total power capacity, data from an industry report showed.The installed capacity of renewable energy came in at around 730 million kilowatts by the end of 2018, up 76.44 million kilowatts from the previous year, according to the report by the China Renewable Energy Engineering Institute.China's hydropower, wind and photovoltaic installed power capacity ranked first in the world last year, the report said.The power generated by renewable energy reached 1...
تاريخ: 2019 - 07 - 02
المشاهدات:6
The development of the Chinese photovoltaic power industry will not be restricted by industrial policies launched by other countries, as the cost of photovoltaic power generation has dropped significantly and the industry no longer relies heavily on subsidies, said an industry insider.'Ten years ago, the average cost of electricity from solar PV in China was 5 to 6 yuan ($0.73 to $0.87) per unit, so PV power plants used to need significant subsidies. When the government made changes to the subsidy policies, the industry fluctuated violently. But that is no longer the case. Today, the cost ...
تاريخ: 2019 - 06 - 28
المشاهدات:3
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