Ineos to be first to deliver US ethane from shale gas to China

The deal involved the construction of a ship with a 95,000cbm capacity, due to be ready by 2019. The ship is known in the US as a VLEC, which stands for ‘Very Large Ethane Carrier’ and is being built in China under the instruction of the JACCAR Group.

Alaska Forges Ties With Sinopec, Bank of China in Natural Gas

The deal will see energy giant China Petrochemical Corp. (Sinopec), sovereign wealth fund CIC Capital Corp. and Bank of China join with Alaska Gasline Development Corp. to advance Alaska LNG, one of the state’s strategic infrastructure projects.


U.S. ethane will go to China

At the same time President Donald Trump witnessed the signing of West Virginia’s $83.7 billion deal with China Energy for petrochemical plants in the Mountain State, he also witnessed another deal to export 2.6 million metric tons of ethane per year to China.

Head-To-Head Comparison: China Petroleum & Chemical Corporation (SNP) versus Tesoro Corporation (ANDV)

China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment.

China Investment IPO 2017-11-01

Investment fund to bolster reform

The CSRF, a venture that aims to establish a sub-fund to support State-owned enterprises' reorganization, is China's biggest investment fund raised from SOEs.

Sinopec Corp’s Net Profit for 9M 2017 Surges More Than 30%

The Company's operating profit was RMB 65.322 billion, up 27.6% year-on-year; Net profit attributable to equity shareholders of the Company was RMB 38.373 billion, up 31.6% from the same period last year; Basic earnings per share ("EPS") were RMB 0.317, up 31.5%.

Private petrochemical firms are flying high

“The state-owned giants are no longer the best choice for China’s petrochemical workers,” Li said: “Instead, private companies broaden my horizon by assigning me a wider range of tasks and enabling me to work directly with customers.

China Petrochemical 2017-10-24

US shale to help power Shell’s multi-billion dollar chemicals drive

Shell will invest in a fourth alpha olefins unit at its Geismar, Louisiana plant in the US which will start-up in the second half of next year, and a second major petrochemicals complex in Nanhai, China.

China Petrochemical 2017-10-22

China Independent Oil Refiners Set Up $5B Joint Venture

The alliance is planned as an upgrade on a crude buying federation set up by a larger group of independent plants in early 2016. That effort has had little success.

China Petrochemical 2017-10-19

Dalian company to build petrochemical project in Oman

A Dalian-based company plans to build a petrochemical project with total investment of about $2.8 billion at a China-Oman industrial park in Oman.

China Petrochemical 2017-09-19

Sinochem sees innovation as key to reform

Sinochem Group, a key State-owned conglomerate involved in energy, agriculture, chemicals, real estate and financial services, will engage in innovation-driven reform to meet the needs of China's supply-side structural reform, said its senior executives.

China Petrochemical 2017-09-15

Eni inks cooperation deal with China's CNPC

Eni signed a cooperation agreement with China National Petroleum Corporation (CNPC) on Wednesday in a move that could give the Italian oil major greater access to the Chinese market.

BP folds Argentine assets into JV backed by CNOOC

BP has agreed to fold its Argentine assets into a new joint-venture backed by CNOOC of China in a deal that widens both groups’ interests in a country boasting some of the most promising shale oil and gas resources outside the US.

China Investment 2017-09-14

China Might Ban the Gas-Powered Car

The country is taking steps to set a deadline to end the sale of fossil fuel powered cars, according to a Chinese government official on Saturday.

China Refining 2017-09-12

Asia: The week ahead in petrochemicals, w/c Sep 11

China's local propylene supplies were also reported to be tight due to logistics restrictions in China, ahead of the National Day celebrations in October, which increased demand for import materials. However, some market participants felt that the recent price hike is likely to be temporary, citing

China Refining 2017-09-11

China's Teapot Plants Form New Club To Beat Rivals

State-owned rivals Sinopec and PetroChina operate larger, more sophisticated plants, and have influence over government policies such as fuel export quotas, which are highly sought after as China's refined product output far exceeds demand.

Chinese firms seek stronger partnerships with Jordan

"It is a good venue to be at for networking and I am looking forward to having more cooperations with traders in the region, especially those working in the field of oil, energy and petrochemicals," Yang added.

China Petrochemical 2017-09-08

Production targets: mergers, asset management and oil output

China’s big three oil companies have already responded to the reforms, led by Sinopec Group, which recently agreed to a pair of private companies, Chentong Holdings Group and China Reform Holdings, taking a 70% stake in SIPC, Sinopec’s overseas exploration and production company.

Private matter: the rise of China’s independent refiners

Meidan also points out that China’s domestic gas output is rebounding as firms respond to pressure to boost production to satisfy escalating demand and hit the government’s environmental targets.

Oil prices and demand fuel Sinopec’s H1 net profit

Last week, PetroChina said its net profit soared over 2,000 percent in the first half and that it would give the windfall to shareholders via a cash dividend.


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