Sinopec Hainan raises Mar oil product exports by 42% on month

State-owned China Petroleum and Chemical Corporation, or Sinopec, plans to export around 270,000 mt of oil products from its 184,000 b/d (9.2 million mt/year) Hainan refinery in southern China in March, a refinery source said.

Refinery news: China's CNOOC Huizhou raises March oil product exports

State-owned China National Offshore Oil Corporation plans to export around 580,000 mt of oil products from its 440,000 b/d (22 million mt/year) Huizhou refinery in Guangdong province in March, up from 550,000 mt planned for February, a refinery source said Thursday.

China Refining CNOOC 2018-03-16

China is rapidly developing its clean-energy technology

WHEN IT COMES to energy, no country generates such bittersweet superlatives as China. It is the world’s largest consumer of coal and the second-largest of oil, after America. It has the largest power-generation capacity, by a wide margin.

Wind Power Solar 2018-03-16

Iran’s March LPG exports rebound to 440,000 mt, mostly China-bound: sources

Iran’s LPG shipments recovered to 440,000 mt in March from around 400,000 mt in February, with most of the cargoes destined for China, fixtures from shipping sources showed this week.

China Petrochemical 2018-03-15

China data: Jan-Feb crude throughput rises 7.3% on year to 11.6 mil b/d

China's refinery crude throughput rose 7.3% year on year to 93.4 million mt, or an average 11.6 million b/d, over January-February, according to preliminary data released Wednesday by the National Bureau of Statistics.


China's Sinochem Group plans $2-bn Hong Kong IPO for various oil assets

China's Sinochem Group has invited banks to pitch for roles in a proposed Hong Kong listing of its key oil assets, which could raise about $2 billion, IFR reported on Monday, citing three people with knowledge of the matter.

IPO Sinochem 2018-03-13

China’s Hengli Petrochemical in talks to take Saudi crudes for trial run

China’s independent refiner Hengli Petrochemical is in talks to secure crude shipments from Saudi Arabia for its trial run in October as it has applied for 20 million mt/year of quota for cracking imported crude oil, a company source said.

China Refining 2018-03-12

China's CNPC says to buy 30-pct stake in Brazilian fuel distributor

China’s CNPC said on Thursday that its international unit, PetroChina International Co, has agreed to buy a 30-percent stake in Brazilian oil products trader TT Work, as it pushes to expand abroad.

Sinopec 2018-03-12

China's February oil imports fall as tax rules curb buying by independents

China’s February crude oil imports fell sharply from January’s record as independent refineries curbed buying amid worries about new tax rules, while natural gas imports held at high levels to heat homes during a bitter winter.

South Africa watchdog approves $900 million Sinopec, Chevron deal

China’s Sinopec Corp got a major boost in its pursuit of Chevron’s South Africa and Botswana assets after South Africa’s Competition Tribunal approved, with conditions, the $900 million transaction on Friday.

Sinopec 2018-03-12

China's new oil tax reporting regime dents mixed xylene demand: sources

China's partial rollout of a more stringent tax reporting regime for oil products in March has lowered demand for petrochemical gasoline blendstocks such as isomer-grade mixed xylene and solvent-grade mixed xylene, market sources in China said this week.


Italmatch Chemicals Group acquires the Chinese Jiayou Chemical

Italmatch Chemicals, a global specialty chemical group leader in the production and marketing of performance additives for water & process treatment, oil & gas, industrial lubricants and plastics, acquired the Chinese Jiayou Chemical, active in the antiscalant phosphonate business

China Investment 2018-03-08

China data: Shandong independent refiners' Feb run rate falls to 67.5%

The run rates at China's independent refineries -- including ChemChina -- in eastern Shandong province dropped marginally by 0.4% in February to 67.5%, due to lower throughputs around the Chinese New Year holidays at some of the refineries, according to a monthly report from information provider JLC

China Petrochemical 2018-03-08

Oil Boom-Bust Cycles Shrinking, Conoco CEO Says: CERAWeek Update

It’s Day 2 at CERAWeek by IHS Markit, the five-day gathering in Houston of some of the energy industry’s biggest names. Tuesday’s highlights include appearances by the CEOs of Saudi Aramco, BP Plc and ConocoPhillips. Shale, the future of petroleum demand, and low-carbon technologies are among the recurring themes for industry executives and government ministers alike.We will be following developments here in real time. Time stamps are Houston.Boom-Bust Cycles in Oil Tightening: Conoco CEO (10:47am)The ups and downs in crude markets are getting steeper and faster, increasing the challenges expl

Global Market Opinion 2018-03-07

CERAWEEK-ADNOC to build largest global refining & chemical site -CEO

State oil giant Abu Dhabi National Oil Co (ADNOC) plans to build the world’s largest integrated refining and chemical site in Ruwais, United Arab Emirates, ADNOC’s chief executive officer said on Tuesday.Speaking at the CERAWeek conference in Houston, Sultan al-Jaber, head of ADNOC, said downstream investments like refining and chemicals represent the company’s biggest future opportunity. The company plans on tripling petrochemical production to 14.4 million tonnes annually by 2025, he said.“Our goal by 2025 is to transform Ruwais into the largest integrated refining and chemicals site in the

Global Market Opinion 2018-03-07

Sinopec starts operation of refined oil pipeline in east Zhejiang

China’s Sinopec has started a new refined oil pipeline in east Zhejiang province, the company said in a press release on Tuesday.

Sinochem Group starts up DuPont scrubbing system

The Sinochem Group has successfully started up a new MECS® DynaWave® wet gas scrubbing unit, installed as a Claus tail gas treatment process. The new unit helps reduce emissions at a refinery in mainland China in order to meet current SOX regulations.

Jiangsu Sailboat accepts new methanol to olefins unit from Honeywell UOP

Honeywell has announced that Jiangsu Sailboat Petrochemical Co. Ltd has accepted a new methanol to olefins (MTO) unit provided by Honeywell UOP, and that the plant is operating and has met all guarantees. With a production capacity of 833 000 tpy, the unit is the largest single-train MTO unit in the

China Petrochemical 2018-03-06

Jiangsu Petrochemical Company’s plant becomes operational in China

China-based Jiangsu Sailboat Petrochemical Company has announced that methanol-to-olefins (MTO) plant installed by Honeywell has become fully operational.

China Looks To Close Teapots’ Oil Tax Loopholes

China is tightening government control over the collection of the oil consumption tax in order to eliminate the loopholes that independent refiners—known as teapots—have been exploiting to beef up their profitability.


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