Tag: oil and gas
China set to drill Asia's deepest crude-oil well in Xinjiang
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube For more on China’s economy: https://sc.mp/rs0n China began drilling the oil and gas well Yuejin 3-3 on May 1, 2023, in the country’s northwest Xinjiang Uygur autonomous region. Designed to be Asia’s deepest, the well will be drilled to a depth of 9,472 metres (6 miles). The exploration is part of China’s Deep Earth drilling project,…
EU fails to agree on gas price cap – Hungary
Foreign Minister Peter Szijjarto says the measure is seen by many as a misguided intervention in the natural gas market EU nations have failed to reach an agreement on imposing a price ceiling on natural gas following a Council of Energy Ministers’ meeting, Hungarian Foreign Minister Peter Szijjarto said on Thursday. Ministers from the bloc will discuss the proposed measure further during an extraordinary meeting…