International oil price declined fluctuately

(Source: Hexun Net)

Review of International Energy News

◆International oil price is showing downward trend.

◆EU strengthen the sanctions against Iraq, prohibitting imports of Iranian natural gas.

◆Buffett added holdings of new energy assets. MidAmerican Energy acquired two wind farms.

◆Kazakhstan may start oil processing in China since 2012.

◆Chinese PV companies multifaceted pressure, with the driving force from the Department of German solar energy companies.

Review of Domestic Energy News

◆Private oil station may raise oil price due to the short supply of refined oil.

◆Geothermal resources in China is equal to 860 trillion tons of coal, which can be consumed for 260 thousand years.

◆The base of second national coal reserve for emergency will be settled in Luoyuanwan.

◆China geological petroleum resources are amount to 88.1 billion tons, with recoverable amount of 23.3 billion tons

◆“The Sichuan to East Gas Transmission Project” gas has transmissed over 15 billion cubic meters natural gas.