Latest news with #CNOOC
The Star
4 days ago
- Health
- The Star
Feature: Chinese medical team brings free healthcare to Uganda's remote border district
KIKUUBE, Uganda, June 28 (Xinhua) -- As the sun rose over the Rift Valley escarpment in Uganda's remote western district of Kikuube, 45-year-old Jennifer Nyangoma made her way to a much-anticipated free medical camp. For weeks, villagers in this region bordering the eastern Democratic Republic of the Congo had heard of a healthcare outreach organized by a Chinese medical team from Kampala, more than 300 kilometers away. The team, comprising cardiologists, pediatricians, general surgeons, acupuncture specialists and public health experts from the 24th Chinese medical team, was joined by over 20 Ugandan medical professionals. As they set up at Buhuka Health Center III, a community-level facility serving over 10,000 people, Nyangoma was among the first in line. After her diagnosis, doctors recommended acupuncture, a traditional Chinese needle therapy. "The doctors have checked me and said they are going to insert several needles in me. I received the treatment and I hope I will get better. I have moved to several health facilities, but I continue to suffer from joint and back pain," Nyangoma told Xinhua. By midday, hundreds had gathered in the sheltered waiting area. Among them was 30-year-old Evelyn Atuhura and her three children. "By 7 a.m., I was already up preparing the children to come here. My children have not been very well. The Chinese have given us treatment, and I really thank them," she said as she received medication. Linard Kule, acting in-charge of the health center, said the camp not only provides critical care and medical supplies but also fosters knowledge exchange between Chinese and Ugandan health professionals. Li Yun, head of the Chinese medical team, said the camp aims to serve about 1,000 people. "We also learnt a lot from our Ugandan colleagues. I am inspired by the resilience of local healthcare workers providing services in such a remote area with limited resources," said the Chinese doctor. The annual camp is organized by China National Offshore Oil Corporation (CNOOC), which is developing the nearby Kingfisher oil project. Hu Weijie, acting president of CNOOC Uganda Limited, said the initiative reflects the company's long-term commitment to the health and well-being of local residents. "Since the initiative started, thousands have received critical medical care," Hu said, adding that as CNOOC develops Uganda's oil and gas sector, it remains equally focused on the health and safety of the people. "Health is not only a basic human right, it is also the foundation for strong families, productive communities, and sustainable national growth," he said. Public health cooperation is a key part of the 10 partnership actions announced at the 2024 Beijing Summit of the Forum on China-Africa Cooperation, said Fan Xuecheng, minister counsellor at the Chinese Embassy in Uganda. "China pledged to help build more hospitals across Africa, continue sending medical teams, enhance joint disease prevention and control, and expand access to essential medicines and medical training," Fan said. "This represents not only China's commitment to Africa's health sector but our belief in building a shared future where development and dignity go hand in hand." He said that Chinese medical teams have provided consultations to hundreds of thousands of people in Uganda since 1983, supported local hospitals, and trained health workers. "In both urban centers and rural communities, Chinese doctors have worked shoulder to shoulder with Ugandan colleagues to improve lives. The team present here today continues this proud tradition, offering not only equipment and care, but also hope, sincerity, and solidarity," Fan said.
Arabian Business
6 days ago
- Business
- Arabian Business
UAE and China deepen $100bn trade ties
The UAE and China are looking to develop $100bn trade ties and strengthen relations between the two countries. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of ADNOC, has completed a high-level working visit to China, strengthening bilateral relations and deepening economic cooperation across energy, renewables, and industry. China is the UAE's largest global trading partner, with bilateral trade surpassing $100bn in 2024 — a 7 per cent annual increase driven largely by an 18 per cent rise in imports. UAE-China trade In Q1 2025 alone, non-oil trade surged 18 per cent year-on-year, fuelled by: 32.5 per cent growth in exports 20.2 per cent increase in re-exports 12.7 per cent rise in imports During his visit, Dr. Al Jaber met with senior Chinese government leaders, including Lan Fo'an, China's Minister of Finance; Liu Jianchao, Head of the CPC's International Department; and Zou Jiayi, President of the Asian Infrastructure Investment Bank (AIIB). The meetings focused on enhancing the UAE–China Comprehensive Strategic Partnership and launching new joint initiatives that support sustainable economic growth and industrial development. Dr. Al Jaber also held talks with the heads of major Chinese corporations, including: China National Petroleum Corporation (CNPC) ZhenHua Oil China National Offshore Oil Corporation (CNOOC) China Investment Corporation (CIC) Wanhua (chemicals) Envision (renewables and smart energy) China Energy Engineering Corporation (CEEC) POWERCHINA International These discussions addressed opportunities for collaboration in oil and gas, LNG, refining, petrochemicals, renewables, and strategic infrastructure, while also exploring industrial investment, localisation, and clean energy transitions.
Reuters
24-06-2025
- Business
- Reuters
China doubles 2025 naphtha import quotas, sources say
NEW DELHI/SINGAPORE, June 24 (Reuters) - China has issued a second batch of 2025 naphtha import quotas, nearly doubling last year's allocations, as demand rises due to disruptions in U.S. supplies of cheaper alternatives propane and ethane as well as new cracker startups, six trade sources said. The quotas, issued in mid-June, were extended to 10 chemical companies which will be allowed to import about 12 million metric tons of the refined oil product, taking this year's total to about 24 million tons, a source with direct knowledge of the matter said on Tuesday. Naphtha is used as a cracker feedstock for making petrochemicals, and Beijing tightly controls import volumes, typically issuing company-specific allocations once annually without public announcement. State-owned Sinopec and CNOOC were allocated 2.49 and 2.76 million tons, respectively, of naphtha import quotas, according to three traders who saw an allocation document. ExxonMobil (XOM.N), opens new tab, which started operations at its 1.6 million ton per year cracker in Huizhou in March, was also allocated naphtha quota, sources said. The sources declined to be named as they were not authorized to speak to the media. ExxonMobil declined to comment, while Sinopec and CNOOC did not immediately respond to Reuters emails seeking comment. "As LPG and ethane face supply constraints or become less competitive, especially under new tariffs, naphtha cracking is becoming more attractive," a trade source at a large Chinese petrochemical maker said. The global propane market was disrupted by the U.S.-China trade war, with China briefly hiking duties to 84% on U.S. imports, forcing Chinese buyers to swap U.S. cargoes for alternatives from the Middle East, while U.S. shipments diverted to Europe and elsewhere in Asia. China eventually reduced the tariff to 10%, which still made propane less attractive than naphtha. U.S. exporters, meanwhile, faced disruption to their shipments after the Commerce Department told them to seek licenses to export to top buyer Beijing. In 2024, China imported 12.14 million tons of naphtha and imports in the first 5 months of this year were 5.9 million tons, according to Chinese customs data. China is Asia's third largest importer of naphtha behind South Korea and Japan.
Yahoo
24-06-2025
- Business
- Yahoo
CNOOC Limited Subsidiary Signed EPC on the Zhylyoi Subsoil Area
HONG KONG, June 24, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces its wholly owned subsidiary, CNOOC Hong Kong Holding Limited, has entered into the Contract for Exploration and Production of Hydrocarbons (EPC) on the Zhylyoi Subsoil Area with Ministry of Energy of the Republic of Kazakhstan and Joint Stock Company National Company KazMunayGas (KMG). The Zhylyoi Subsoil Area is located partially in the Atyrau region and partially in the Kazakhstan sector of the Caspian Sea, with an area of approximately 958 square kilometers. According to the terms of the contract, the first stage of the exploration period shall be 9 years. CNOOC Hong Kong Holding Limited and KMG shall each hold 50% interests. The two parties shall establish a joint operating company and act as the operator. — End — Notes to Editors: More information about the Company is available at *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@ Mr. Cheng YaoEver Bloom (HK) Communications Consultants Group LimitedTel: +852 5540 0725Fax: +852 2111 1103Email: View original content to download multimedia: SOURCE CNOOC Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
24-06-2025
- Business
- South China Morning Post
Hong Kong stocks jump by most in 2 weeks on Iran-Israel truce as oil slides
Hong Kong stocks rose by the most in two weeks amid a slide in global oil prices after US President Donald Trump claimed a tentative ceasefire between Iran and Israel, fuelling risk appetite and easing concerns about the disruption of global oil supply. The Hang Seng Index advanced 1.5 per cent to 24,050.54 at 10.05am local time, heading for the biggest gain since June 9. The Hang Seng Tech Index advanced 1.8 per cent. The CSI 300 Index of onshore leading stocks climbed 1 per cent, while the Shanghai Composite Index added 0.8 per cent. Alibaba Group Holding rose 1.1 per cent to HK$112 and Tencent Holdings added 0.6 per cent to HK$507. Aluminium maker China Hongqiao rallied 7.3 per cent to HK$17.02 after projecting first-half earnings to rise 35 per cent from a year ago. EV makers Li Auto added 4.1 per cent to HK$112.10 while Xiaomi jumped 3.5 per cent to HK$56.75. CNOOC dropped 1.8 per cent to HK$17.76 and PetroChina fell 1.3 per cent to HK$6.62 on lower oil prices, surrendering some of Monday's gains. Trump claimed Israel and Iran agreed to a truce that is expected to take effect in 24 hours, days after authorising a military strike on Iran's nuclear facilities. The ceasefire came even after Iran attacked a US airbase in Qatar and threatened to shut the Straits of Hormuz, a major oil shipping route. Futures on West Texas Intermediate oil tumbled more than 3 per cent to US$66.21 a barrel in Asian trading hours, extending an 8.6 per cent slump on Monday. Spot gold weakened 0.6 per cent.
