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18.04.2014 Athabasca sells stake in oil sands project to PetroChina

Athasbasca Oil Corp said on April 17 it has exercised an option to sell its 40 percent stake in the planned Dover oil sands project to its partner PetroChina Co for C$1.32 billion ($1.20 billion) after the project received final approvals from the government of Alberta,

18.04.2014 Chinese COSL renews contracts with PEMEX for module rig

China Oilfield Services Limited ("COSL" or the "Company") renewed its cooperation contract for COSL3 module rig with Petróleos Mexicanos (PEMEX) for an operation period of 32 months at higher contract day rates, COSL’s press office said on April 17.

17.04.2014 Chinese CNPC may start oil production in Uzbekistan in 2015

CNPC is going to begin oil production at the Mingbulak deposit in Uzbekistan’s Namangan Region. By summer, CNPC will finish drilling at a licensed block where hydrocarbons were found.

17.04.2014 Chinese oil demand sluggish

China's implied oil demand fell 0.6 percent in the first quarter as a slowing economy dampened energy use, forcing refiners to scale back crude runs and raise exports to trim high fuel stocks, Reuters reported on April 16.

16.04.2014 Russia’s Lukoil sells 50% in Caspian Investment Resources to Sinopec

Vagit Alekperov, Lukoil President, signed a purchase and sale agreement on April 15 that allows the company to sell its 50-percent stake in the Caspian Investment Resources Ltd to China’s Sinopec, Lukoil’s press office has said.

15.04.2014 China interested in alternative energy projects in Ukraine’s annexed Crimea

China takes interest in alternative energy projects in Crimea, Russian Vice-Premier Arkady Dvorkovich has said, ITAR-TASS reported on April 14.

15.04.2014 Russia- China gas talks nearing completion

Gazprom’s contract on supplies of Russian gas to China would be finalized by the upcoming visit to China by Russian President Vladimir Putin, due in May, Deputy Prime Minister Arkady Dvorkovich said at a session chaired by Prime Minister Dmitry Medvedev on April 14, ITAR

14.04.2014 Oil leak blamed for tap water contamination in China

A subsidiary of China National Petroleum Corp, the country's largest oil company, is being blamed for an oil leak that contaminated tap water in Gansu's provincial capital Lanzhou on April 11, affecting 2.4 million people, Xinhua reported on April 13.

11.04.2014 Russia’s Gazprom Neft says Asian buyers willing to use euros

Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar, Reuters reported on April 10.

10.04.2014 Russia not to redirect oil, gas flows due to sanctions - deputy prime minister

Russia will not redirect its oil and gas flows due to possible economic sanctions, Russia’s senior government official has said, ITAR-TASS reported on April 9. “We are ready to fulfil obligations for carrying out projects in the eastern and western directions.