Overseas equity oil yields may increase

Chinese companies’ overseas equity oil yield is expected to exceed 200 million metric tons in 2018, almost equaling China’s domestic annual oil output, an executive with the China National Petroleum Corporation (CNPC) said on Wednesday. “China’s oil and gas companies have increasingly expanded their presence in Belt and Road economies, making progress in resource exploitation, oil and gas pipeline construction and industrial chain layout,” said Qian Xingkun, deputy head of the Economic and Technology Research Institute under the CNPC, at the 2017 China Oil and Gas Reform Summit. According to a report released by the China Petroleum Enterprise Association, investment and output of Chinese oil and gas companies in Belt and Road economies accounted for over 50 percent of their total overseas investment and production respectively. ment with Cambodia’s Pi Pay, allowing customers to use their Alipay wallets to pay at Pi Pay’s Point of Sale payment systems across Cambodia. The partnership will see Alipay become immediately available as a payment option for Chinese tourists across Pi Pay’s merchant network in Cambodia, which consists of over 1,400 businesses, including high-end dinning, haute couture fashion, spa treatment, minimarts and petrol stations. how far they can drive with what’s left in the gas tank and whether doors and windows have been left open or closed, Alibaba said in a statement. The Chinese tech giant will help the automaker integrate smart speakers with BMW’s cloud-based infotainment platform and the sound-recognition and processing technology developed by its cloud computing division.