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.

Baker Hughes pegs U.S. oil-rig count as unchanged

Baker Hughes(BHGE)announced last Friday (September 1st) that the drilling activity has remained constant in the United States, compared with last week.

Global Market 2017-09-04

Vision and Actions on Energy Cooperation in Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road

China welcomes all countries and international or regional organizations to join the initiative, which is internationally recognized and has received positive responses.


Crude Goal: Canadian Industry Should Take A Shot At Meeting India’s Energy Demand

Canada must act sooner than later if it wants to capitalize on India’s growing energy demands before that economic potential is lost to other producers, suggests industry advocate Tim McMillan.


SORAZ Refinery from Nigeria Connects with Lanzhou Petrochemical

Lanzhou Petrochemical indicated that it is dedicated to assist Nigeria’s refinery complexes in terms of personnel rotation, optimizing logistics services and perform the 2018 overall maintenance & repairing projects to the highest standards.


Dagang oilfield to extend the application of chemical EOR in heavy oil reservoirs

Solid results represent a breakthrough for chemical EOR applied in a high-temperature high-salinity oil reservoir.


Lao-Chinese joint venture building Laos' 1st oil refinery

Once operational, the refinery will become among the nation's largest industrial enterprises and be able to supply about 60 percent of fuel in Laos.


China’s Belt and Road Initiative promotes connectivity, development along ancient route

Belt and Road Initiative has gained fruitful early achievements, promoting connectivity and opening up possibilities and potentials for development along the ancient trade route.


China unveils market reform for oil and gas industry

Chinese authorities announced a reform plan for the country's oil and gas industry, eyeing better efficiency and competitiveness by giving market a decisive role in the sector.


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