Review of International Energy News

◆Total acquired two UK shale gas exploration rights to 40% of the shares. It will invest in the development of shale gas resources in the East of England.

◆According to Inspection and Quarantine Bureau of Xinjiang Horgos. The Central Asian pipeline has Transported 68.1 billion cubic meters gas to China mainland.

◆According to a Business Report of PHP, in the second half of 2013, PHP produced a total of 108 million tons of iron ore. The production hit a record high.

◆ShanxiYanchangPetroleumannouncedthat it has completed all formalities related to the acquisition of Novus.

Review of Domestic Energy News

◆China Customs data showed that , in 2013, Chinese crude oil imports from Saudi Arabia, Kuwait and Venezuela and other parts ofoil exporting countries flated or declined.

◆Chinese power industry is growing at an incredible pace, and kept up a strong growth pace with manufacturing industry.

◆According to the "coal logistics development plan" ,in 2020, the overall operating efficiency of coal will significantly improve.

◆State Council accelerated coal resource tax ad valorem.