Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Energy City near Beijing Rumors Denied
Adjust font size:

According to foreign media reports, a Middle East consortium, led by Gulf Finance House (GFH), is looking to build a project named China Energy City taking up 13 km2 in Yanjiao, near Beijing. This city would contain facilities such as a branch of a planned Qatar-based energy exchange, a science park for energy education courses and a Sino-Arab business school, offering business education in English, Chinese and Arabic.

 

The story also quoted Esam Janahi, chief executive of GFH, as saying that China's increasing thirst for Gulf crude oil had motivated his company to invest here. Mr. Janahi also notes that the project will be built by GFH in cooperation with its sister company Gulf Energy and China's Longiian Group Limited Company.

 

However, a spokesperson for Longjian Group refuted the claim, saying that "we don't have such a project."

 

"This project is not quite possible," comments Cui Xinsheng, sectary-general of China International Petroleum Industry Investment Union, adding that such an ambitious plan would have to be run by the central government and the approved by National Development and Reform Commission (NDRC). Furthermore, a US$-5-billion energy city would need to contain at least one refinery, putting its estimated land area at 40 to 50 km2, not 13 km2.

For more details, please read the full story in Chinese. (http://paper.people.com.cn/gjjrb/html/2007-07/19/content_13421213.htm)

(China.org.cn July 19 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
Related Stories

July 19 Shanghai Shanghai Finance Forum

Aug. 8-10 Beijing Company Summit Conference of China

Aug. 18-19 Beijing China Economic Development Forum

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号