China’s Sinopec has succumbed to the US pressure and curbed its crude imports from Iran. While the numbers are unclear, based on the current supply
Tag: Sinopec
Saudi Arabia Might Postpone the Closure of Jeddah Refinery
Saudi Arabia’s state-oil giant Aramco is pondering whether to close its oil refinery in Jeddah due to age and environmental issues. The refinery, which started
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,
Chinese Companies Decided Not to Increase Imports from Iraq
China’s energy companies have decided to keep the amount of oil that they buy from Iraq unchanged for the first time in almost ten years.
China Looking for Buyers of Its LNG Import Deals
China’s state-run energy company Sinopec is planning to sell some long-term liquefied natural gas (LNG) import deals in response to the country’s slowing economy, which
China’s Shale Dream So Far Unfulfilled
Whereas the United States is going through an extremely successful “shale period” which has prompted the country’s Energy Information Administration to enhance the oil output
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