BEIJING: China's Sinopec Corp boosted crude oil output at a comparatively newly discovered oil field in the northwestern Xinjiang region by nearly 30 per cent last year to about 1 million tonnes, the company said in a statement on Thursday.Though small compared with Sinopec's overall output, the increase represents progress for the state oil giant as it taps geologically more challenging oil and gas deposits to compensate rapid reserve declines at its largest, but aging Shengli field in east China.The Shunbei field, discovered in 2016, has proven geological oil reserves of more than 130 million tonnes, or about 950 million barrels.Sinopec said it also produced about 350 million cubic metres of natural gas in the same field, 32 per cent more than 2019. … [Read more...] about China’s Sinopec raises oil output at Shunbei field 30 per cent in 2020
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Ease of doing business in Karnataka: VCs, raw material to be a click away
BENGALURU: From integrating sources of credit supply — banks to venture capitalists (VCs) — to providing a marketplace to buy raw material and sell finished goods and a host of other provisions, Karnataka is planning a digital platform for industries, that will boost the ease of doing business.According to the industries department, the proposed technology portal will have eight modules targeted at addressing issues faced in specific areas. It is proposed to be equipped with modular mechanisms and structures around information, facilitation, regulatory, and ease-ofdoing-business areas, which can help industries, especially MSMEs, efficiently bring their products to the market.“Industries, particularly small and medium ones, have had six to seven major issues that have remained unaddressed for long. With this initiative, we look to resolve them. We have completed the conceptualisation and will be floating an RFP (request for proposal) in about a month. Once that is … [Read more...] about Ease of doing business in Karnataka: VCs, raw material to be a click away
China Focus: China convenes local “two sessions” with strict anti-epidemic measures
A number of provincial-level regions are also scheduled to open their local "two sessions" in the coming weeks. Provinces worst hit by recent sporadic COVID-19 outbreaks, including north China's Hebei Province and northeast China's Liaoning Province, have postponed their annual meetings. … [Read more...] about China Focus: China convenes local “two sessions” with strict anti-epidemic measures
China’s Hubei reports 1 new imported asymptomatic COVID-19 case
The asymptomatic carrier arrived at the Wuhan Tianhe International Airport from Seoul, capital of the Republic of Korea, via flight TW615 on Wednesday. The passenger was quarantined upon arrival and later diagnosed as an asymptomatic case. … [Read more...] about China’s Hubei reports 1 new imported asymptomatic COVID-19 case
China collects 100PB of Earth observation data
The collected data resources have been used for both free and commercial usage to serve more than 300,000 users, inducing significant social and economic benefits, according to a recent report on China's Earth observation data resources development. … [Read more...] about China collects 100PB of Earth observation data
