Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Oil lower despite bullish China data; Syria in focus

Oil futures traded lower during Tuesdays Asian session as traders focused more on the easing of Syria tensions rather than some bullish Chinese economic data released on Monday. On the New York Mercantile Exchange, light, sweet crude future......【More】

2013-09-09

Sinopec takes stake in Egyptian oil

China Petrochemical Corp, or Sinopec Group, has agreed to pay $3.1 billion for a 33 percent stake in Apache Corps Egyptian oil and natural gas business, its biggest purchase in the Middle East and a sign of Chinas increasing overseas energy......【More】

2013-09-06

Sinopec hikes East China ex-works isomer-MX price by Yuan 200/mt

China Petroleum Chemical Corp, or Sinopec, has raised its East China price for isomer-grade mixed xylenes by Yuan 200/mt or 2.3% effective Monday, market sources said Tuesday. The companys isomer-MX ex-works price at its four subsidiaries i......【More】

2013-09-05

CPC Corp. hikes fuel prices by NT$0.7 per liter

Effective midnight today, fuel prices will be increased by NT$0.7 per liter, CPC Corp. (中油) said yesterday. Following the price increase, the per-liter prices of 92-octane, 95-octane and 98-octane gasoline will be NT$34.7, NT$36.2 and N......【More】

2013-09-04

Sinopec invests to upgrade quality

Sinopec has invested more than 200 billion yuan ($32.68 billion) on upgrading oil product quality during the past 10 years, Zhang Yaocang, vice general manager of Sinopec Group, said Saturday at a forum on top 500 enterprises held in Kunmin......【More】

2013-09-03

Sinochem Group is playing catch-up with China’s big three oil majors

Chinas Sinochem Group wants to buy a 35% stake in the Petroleo Brasileiro SA (Petrobras) offshore Parque das Conchas project for $1.54 billion, Petrobras said in an e-mailed statement on August 16. The license includes the Ostra field that......【More】

2013-09-02

Investigations rock PetroChina, Kunlun shares

The Hong Kong-listed shares of oil giant PetroChina Co Ltd and its natural gas distribution arm Kunlun Energy tumbled Wednesday after they said several senior executives at the group were being investigated over alleged wrongdoing. PetroChi......【More】

2013-08-30

Shell, PetroChina Australia JV eyes Origin's LNG site

Australias Arrow LNG, a joint venture between Royal Dutch Shell and PetroChina , is looking at an option of building on a rivals LNG site to restart its own stalled gas export plans, a source close to the situation said. The option could su......【More】

2013-08-29

Sinopec cuts East China ex-works orthoxylene price

China Petroleum and Chemical Corp, or Sinopec, has cut its ex-works price of orthoxylene in East China by Yuan 200/mt, or 1.9%, effective Tuesday, market sources said. Yangzi-BASF and Sinopec Zhenhai, the companys subsidiaries in East China......【More】

2013-08-28

China National Petroleum Corp. Executive Is Investigated

A top Chinese oil executive is the latest senior official to come under scrutiny by China s top antigraft agency, as Beijing faces pressure to crack down on official corruption. In a one-sentence statement, China s Ministry of Supervision s......【More】

2013-08-27