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Hong Kong warned fuel slug may turn lines away

Ships calling at Hong Kong will face higher costs when legislation requiring vessels to switch to cleaner marine fuel upon berthing is passed next year. Some carriers may, as a result, switch to neighbouring ports in Shenzhen. To prevent th......【More】

2013-11-20

Sinopec takes share in Apache's Egyptian business

Sinopec Group and Apache Corporation announced on Friday that Sinopec has acquired a one-third share of Apaches Egyptian oil and gas business for 3.1 billion U.S. dollars. The transaction is Sinopecs first foray into Egypt and will build on......【More】

2013-11-19

Sinopec to upgrade two China petrochemical plants with Honeywell automation

Honeywells Profit Suite R400 process optimization software will be deployed at two ethylene-cracking facilities, helping to improve plant performance by increasing energy efficiency, improving flexibility of its operations, and maximizing t......【More】

2013-11-18

China follows the smell of Russian oil

China intends to increase investment in the Russian economy. The investment plans included the infrastructure, residential sector, and high tech areas. The prospects of cooperation between the two countries look promising, but the Russian F......【More】

2013-11-15

PetroChina and Cnooc ink deals in Americas

Chinese state oil companies have inked two fresh deals in the Americas, as they continue to expand abroad to meet Chinas ravenous energy demand. PetroChina, Chinas largest energy company by oil and gas production, said on Wednesday it would......【More】

2013-11-14

Shell unveils latest expansion in Zhejiang

Shell unveiled its newly expanded and upgraded lubricant blending plant site with a doubled annual capacity of 400 million liters at Zhapu, Zhejiang province, on Tuesday. The company started this newest expansion in late 2011, and commercia......【More】

2013-11-13

China's crude oil imports down 13.8% in Oct

China, the worlds second largest oil consumer after the U.S., imported 20.41 million metric tons of crude oil in Oct this year, 13.8% less than in the same month of last year, according to the latest figures from Chinas General Administrati......【More】

2013-11-11

Zhenwei Annual Conference held in Tianjin for yearly review

A Zhenwei Annual Conference was kicked off in Tianjin, the headquarters of Zhenwei Exhibition Group for the review of 2013. Mr. Zhang Xueshan, president and general manager of the group delivered an import speech and over 300 delegates of B......【More】

2013-11-11

Sinopec parent plans $17.7 bln stake buyback

China Petrochemical Group, parent of Shanghai and Hong Kong listed oil giant Sinopec Corp. , plans to spend an estimated maximum $17.7 billion to buy back a 2 percent stake in the Shanghai-listed entity over the next year, in an apparent mo......【More】

2013-11-08

Turkmenistan expands export capacity of gas pipeline to China

Turkmengaz State Concern and Petro Gas LLP company (UK) will sign a contract for the communication infrastructure construction at the intersection of the second branch of the Turkmenistan-China gas pipeline with the Amu Darya River. Turkmen......【More】

2013-11-06