Investors around the world are showing more interest for the production of oil and gas investments. Most capitalists are aware of the risks involved in trading gas and oil investment, despite that investment due to the benefits obtained from these two areas are high. Recently, the president of China National Offshore Oil Corporation articulated, the oil company plans to invest a lot of money for the intensification of oil and natural gas in coming years. According to the latest news on oil and gas, China National Offshore Oil Corporation plans gas production about 50 million tons of oil and abroad in 2020. China National Offshore Oil Corporation has planned to update the northeastern port city, which was damaged by the previous oil spill and the company also has led to the construction of plants in Dalian. Dalian has the capacity to produce over one million tons of ethylene and an annual refining capacity of Dalian can reach about 20 million tons, according to the report of oil and gas news released recently. All investors around the world live and eager to read news on gas and oil and gas news and best place to read news oil so is this website.
A pair of pipes in Dalian owned China National Offshore Oil Corporation exploded prematurely and caused enormous damage to the fishing industry. This was the intermittent gas and petroleum news around the world and the city government is rewarded losses occurred in the fishing industry. Huge amount of oil discharged into the Yellow Sea and the gas and many print journalists said oil, the amount of expelled oil was 50 to 60 times more than the calculated one. According to calculations made by environmentalists, the explosion of an oil pipeline has resulted in a substantial loss and seriously damaged the environment. Due to this explosion of the fishing industry has lost only about U.S. $ 100 million in 2010.
Shell Oil Company, a leading oil and gas production in the United States recently reported that the growing demand for oil and natural gas will increase the prices of these products. The former president of Shell Oil Company John Hofmeister said that the American people will pay $ 5 per gallon of gasoline from 2012 and added that the price increase was due to poor response shown by the government of U.S. and lower supply. He also said that drilling in the Gulf of Mexico has stagnated because of the huge BP oil disaster and the government has also implemented strict policies for gas and oil drilling companies. If the government takes appropriate measures then the country will experience a severe shortage of fuel.
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