China has found major shale oil reserves in the north-western part of the country in the Tianjin municipality. The field is home to two wells
Tag: PetroChina
Venezuela’s PDVSA Late on Oil Shipments to Russia and China
Venezuela’s state-run oil company, PDVSA, has for months been unable to deliver the shipments of crude and fuel in a timely manner under oil-for-loan deals
Market Update: Asia Ready for a Major Refining Capacity Increase
Asia will add the biggest amount of net refining capacity in three years in 2017, further boosting demand for oil in the world’s biggest and
Venezuela Ships Oil to Singapore
Venezuela, which is currently in a deep political and economic crisis, has sent two fully-laden large crude carriers heading to Singapore. The vessels – the
Iraq Boosts Oil Output Before OPEC Meeting
Iraq is going to supply extra 5 million barrels of oil to its trade partners in June, thus effectively joining other Middle East producers by
Analysis: Quit Reforms of China’s Oil Sector
In recent months, China has quietly embarked on reforms to continually change its energy sector, including some steps to revamp the way the country manages
Saudis Refuse China’s Requests for More Oil
Saudi Arabia and other OPEC members have begun to turn down Chinese requests for oil as they keep crude in their storage facilities and refineries
China to Allow More Independent Oil Refiners
Beijing has decided to allow more independent oil refiners to import oil from abroad hoping to lower domestic fuel prices and improve fuel quality. China
China Considers Mergers to Create Its Own “Exxon Mobil”
The Chinese authorities have for long wanted to merge China National Petroleum Corp, the parent of PetroChina, and China Petrochemical Corp, the parent of Sinopec,
China to Let ‘Teapot’ Refiners Import Oil
About 90 percent of all China’s crude imports is covered by the two giant state-owned companies – PetroChina and Sinopec. China, being the world’s second