China Financial News Headlines

October 28, 2008

Oil Exchange

Filed under: financial news — Tags: — kinpoo @ 7:37 am -0500

Russian Deputy Prime Minister: Russia will pass the Decision to reduce the Oil Export Tariff
News from Russia network, Russian Deputy Prime Minister Igor Hsieh said that on 28th, the Russian government will soon pass to lower oil export tariffs. He told reporters:” Taking into account the market situation, the decision should be adopted as soon as possible in order to help tide over this period.”

China United Oil: “China Oil Assets in Australia to shrink” is not Ture
According to the report about “China Oil Assets in Australia has shrinked by 89.4 billion dollars”, our newspaper reporter called China Oil at that day. The responsible person of China National Petroleum Corporation accepted the interview of the reporters…

Hign Oil Prices in the third quarter driving the Profits Growth of BP
Due to the high oil prices, the replaced cost in this third quarter (refer to replace the used fixed assets with the new assets at current prices) has increased 148% compared to the last year, getting to 10.029 billion dollars which beyond the predict of the analysts.

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