CNPC, ADNOC Close To Signing Exploration, Refining Deal

China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign as early as this month a preliminary deal to invest in oil and gas exploration and refining, Reuters reported on Friday, quoting sources in the know, including CNPC officials.

CNPC 2018-07-09

Petrobras-CNPC talks put China closer to first Americas refinery

Brazil’s state-run oil company Petroleo Brasileiro SA and China National Petroleum Corp (CNPC) took another step on Wednesday in negotiations that could give the Chinese their first refining capacity in the Americas.

China Refining CNPC 2018-07-05

China Removes Limits on Foreign Ownership of Gas Stations

China will remove restrictions on foreign investments in gasoline stations, clearing the way for global oil giants like BP to operate more wholly owned stations in the country.

China Policy 2018-07-02

China's ChemChina, Sinochem set to merge - Caixin

Chinese state-owned Sinochem Group and ChemChina will merge to create a new company, and Sinochem Chairman Ning Gaoning will become the chairman of ChemChina, financial publication Caixin reported late on Saturday.

Analysis: China's fuel oil imports may feel the pinch from US trade war

China's fuel oil imports may ease in the coming months amid fears thatbunker fuel demand might fall after US tariffs come into effect next month,curbing shipment of some commodities from China to the United States.

China Petrochemical 2018-07-02

Chinese scientists develop nanomaterial to improve diesel utilization

Chinese scientists have developed a nanomaterial to improve the burning efficiency of diesel fuel and reduce the harmful gases it generates.

China's Fujian Jinjiang Petrochemical eyes commercial output at new CPL plant in August

China's Fujian Jinjiang Petrochemical is expected to start commercial production at its new 200,000 mt/year caprolactam plant in Putian, in eastern China's Fujian province, by August, after major construction work was completed earlier this week, industry sources with knowledge of the matter said Th

China Petrochemical 2018-06-29

China Prosperity No. 2 purified terephthalic acid plant to shut Thursday for maintenance

China Prosperity Jiangyin Petrochemical, also known as Hanbang Petrochemical, will shut its No 2 purified terephthalic acid plant Thursday evening for 15 days of planned maintenance, a company source said Thursday afternoon.

China Refining 2018-06-29

China CDU Heat Exchanger Antifoulants Market Plying for Significant Growth at a 2.9% CAGR During 2018 – 2028

Growing environmental concerns across the globe has triggered the adoption of devices and equipment that aid in providing a cleaner environment.

Opinion 2018-06-28

China's Shandong Haili eyes commercial output at new ABS plant early July

Shandong Haili Chemical Industry is expected to start commercial production at its new 200,000 mt/year acrylonitrile-butadiene-styrene plant in Weifang, in eastern China's Shandong province, early July, industry sources with knowledge of the matter said Wednesday.

China Petrochemical 2018-06-28

China-US trade spat to hit VLCC demand; Iran purchases to continue: Sinopec

Chinese oil refiners may not be able to import US crude at all if the government goes ahead and levies a 25% tariff on American energy products, and this will directly hurt the demand for VLCC tonnage, a senior Sinopec executive said Tuesday.

China lowers retail fuel prices - 6.26

China will reduce the retail prices of gasoline and diesel from Tuesday, the second cut this month, the National Development and Reform Commission (NDRC) announced Monday.

China Policy 2018-06-26

China May gasoline exports up 134 percent at 1.47 million tonnes: customs

China’s gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday.

China Petrochemical 2018-06-25

China's Sinopec settles June paraxylene contract price at Yuan 7,460/mt, down Yuan 290/mt from May

State-owned China Petroleum and Chemical Corp, or Sinopec, has settled its June paraxylene contract price at Yuan 7,460/mt, equating to about $974.40/mt on an import parity basis, sources close to the matter said Friday.

China increases antidumping duty on styrene monomer imports from US

China's Ministry of Commerce said in a statement Friday that it has notified styrene producers in South Korea, Taiwan, and the United States of China's final antidumping duty rates for styrene monomer imports.

China Policy 2018-06-25

China’s Sinopec Fujian cuts June product exports 36% from May

Sinopec Fujian Refining and Chemical Company in southeastern Fujian province plans to export around 109,000 mt of oil products in June, down 36% from 170,000 mt planned for May, a Sinopec source said Wednesday. The 280,000 b/d refinery’s June exports were expected to comprise around 19,000 mt of jet

China Petrochemical 2018-06-22

Analysis: China's independent refineries shy away from US crudes

Chinese independent refiners have slowed down their US crude purchases in recent months and could completely stop near-term imports amid growing uncertainties about additional import duties on US oil and gas.

China Petrochemical 2018-06-22

China Aviation Oil to sell 39% stake in Xinyuan petrochemicals firm

China Aviation Oil (CAO) intends to sell its 39% stake in China Aviation Oil Xinyuan Petrochemicals (Xinyuan).

China Petrochemical 2018-06-21

PetroChina Liaoyang refinery holds June gasoil exports steady at 60,000 mt

State-owned PetroChina's 9 million mt/year Liaoyang Petrochemical refinery in northeastern Liaoning province plans to export around 60,000 mt of gasoil in June, a refinery source said Wednesday.

China Petrochemical 2018-06-21

China Aviation Oil to dispose remaining 39% stake in associate via listing-for-sale

China Aviation Oil (CAO) intends to divest its entire remaining 39% stake in its associated company China Aviation Oil Xinyuan Petrochemicals, a limited liability company in China.

China Petrochemical 2018-06-20
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