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Sinochem eyes low sulfur crude for Quanzhou refinery commissioning

Chinese state-owned trader Sinochem is seeking low sulfur crude for the commissioning phase of its 12 million mt/year (241,000 b/d) greenfield refinery in southern Chinas Fujian province, a source with the company said Thursday. The Yuan 30......【More】

2013-07-16

Sinopec opens lubricant plant in Singapore

China Petroleum and Chemical Corporation (Sinopec), Chinas largest integrated energy and chemical group, celebrated here on Thursday the opening of its first lubricant plant outside China. The Sinopec Lubricant (Singapore) Pte Ltd, located......【More】

2013-07-15

PetroChina puts CBM drilling on hold

PetroChina is putting its coalbed methane (CBM) drilling on hold as complex geology and limited lifting technology have put a damper on the companys lofty production targets, noted RBC Capital Markets analyst Peter Hutton July 8. Plans to d......【More】

2013-07-12

Sinopec & SK to jointly set-up ethylene project in Wuhan

On Jun.28th, President Wang Tianpu of SINOPEC Group and Vice Chairman Ja Young KOO of SK signed the joint venture contract of Wuhan ethylene project at Diaoyutai State Guesthouse in Beijing. Minister of Industry, Trade Resources of South Ko......【More】

2013-07-11

Shell Tellus lubricants in China

China Erzhong Heavy Industry Company has developed the worlds biggest hydraulic press, an 800 mega newton closed-die hydraulic forging machine that is bigger than any other previously built. Erzhong is working closely with Shell Lubricants......【More】

2013-07-10

Sinopec Corp proposes LPG-based ethylene plant in Qingdao

China Petroleum Chemical Corporation, or Sinopec Corp., has proposed to build an ethylene plant in Qingdao, located in East Chinas Shandong province. The proposal is for setting up 1 million tons per year ethylene complex at a cost of 18.79......【More】

2013-07-09

Sinopec Engineering unveils world's biggest crawler crane

Sinopec Engineering (Group) Co., Ltd. (SEG) announced Saturday that a crawler crane with the largest hoisting capacity in the world was put into use. The crane, with the maximum lifting capacity of 4,000 tonnes, successfully lifted and inst......【More】

2013-07-08

China State-Owned Oil Monopoly System to Slowly Change

Earlier this month the Unirule Institute of Economics, a Beijing-based think-tank, said in a report that deep reform is needed in Chinas oil monopoly system, which they claim has led to low efficiency. The report said that the first step sh......【More】

2013-07-05

CNOOC Brings Wenchang 8-3E Online

Chinese offshore pure play oil and gas exploration and production (EP) company, CNOOC Ltd. ( CEO ) recently brought online the oil field Wenchang 8-3E. Located in the western Pearl River Mouth Basin, Wenchang 8-3E oilfield is part of the fo......【More】

2013-07-04

Sinopec completes Chesapeake deal

China Petrochemical Corporation (Sinopec) said on Saturday that it has completed the purchase of 50 percent of Chesapeakes share in its Mississippi Lime assets for $1.02 billion. Chesapeake is the second-largest natural gas developer in the......【More】

2013-07-03