Review of International Energy News

◆ International oil prices rose to a great height on Jan. 2nd after U.S. Congress passed the “fiscal cliff”.

◆China National Machinery Industry Corporation will build Cambodia’s first oil refinery with Cambodian Petrochemical Co. Ltd, which will be completed in the end of 2015.

◆ Russia’s crude oil output reached 518 million tons (10.4 million barrels per day) in 2012, according to the preliminary statistics of Russian Industry and Energy Ministry.

◆ The cumulative oil of Sino-Russian crude oil pipeline has reached to 300 billion tons since 2011.

Review of Domestic Energy News

◆ In 2012, China's installed power capacity ranked first in the world in the field of renewable energy such as hydropower and wind power.

◆ Due to the continuous low temperature around the country, demand for natural gas increased greatly, which resulted in the soaring prices.

◆ SERC, on Dec. 31, said it would further complete the electricity regulatory legislation and improve the electricity regulatory regime.

◆ In 2012 Shengli Oilfield total proven oil reserves reached 101.516 million tons in eastern exploration region.

◆ Southwest oil and gas field of Sinopec made a new record of sand fracturing with the maximum single well plus sand scale and the largest single well into the earth fluid volume.