Review of International Energy News

◆In the plenary session, European Parliament voted through the 2030 energy and climate objective, which included the goal of CO2 emission reduction, increasing renewable energy rate in final energy consumption and improving the energy efficiency.

◆defined a clear policy ofpromoting the reboot of nuclear power plant in safe condition.

◆According to Al Jazeera website, Iraq will start a large oil refinery construction project in Karbala province, which is designed to meet Iraq's growing demand for oil derivatives

◆The International Energy Agency (IEA) raised its forecast for global oil demand in 2014.

Review of Domestic Energy News

◆National Development and Reform Commission issued a notice that, since 0:00 on February 27 , the prices of gasoline and diesel were raised by 205 ￥ per ton and 200 ￥ per ton, it was the first increase in domestic oil pricein 2014,and the highest increase from September 2013.

◆According to CEC , in 2013，the national power generation capacity rankedfirst in the world for the first time, new energy generation continued to show high-speed growth.

◆Until last year, Chinese oil reserves had exceeded one billion tons for 7 years.