Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Chinese Firms' Foreign Oil Production Mostly Sold Abroad, Official Says

Chinese companies foreign ventures produced 90 million tons of oil last year and more than 90 percent of that was sold abroad, a government official said on December 3. The statement by Liu Qi, deputy director of National Energy Administrat......【More】

2013-04-15

Refiner Says Cheap US Gas Threatens Local Industry

Sinopec Shanghai Petrochemical has warned that cheap natural gas in the United States and coal from the mainland pose serious competitive threats to mainland crude oil refiners. The subsidiary of China Petroleum Chemical (Sinopec) that oper......【More】

2013-04-12

Fitch Unheeded as CNPC Wins Record-Low Dollar Cost

Chinas largest oil company raised dollars at the lowest-ever cost for an issuer from the nation in a sign of investor confidence on the same day Fitch Ratings Ltd. cut the sovereign credit rating. China National Petroleum Corp. sold $2 bill......【More】

2013-04-12

Sinopec Shuts Crude Unit at Shanghai Refinery After Leak, Fire

Sinopec Shanghai Petrochemical Co. had a fire at its refinery that shut a residue hydrocracker, according to the companys board secretary. The blaze started this afternoon and was caused by a leak at the unit, which has a capacity of 3.9 mi......【More】

2013-04-11

Coast Guard to Siphon Fuel from Grounded Chinese Vessel in Tubbataha

The Philippine Coast Guard on Wednesday mapped out plans to siphon the fuel from a Chinese fishing boat that ran aground in Tubbataha Reef before midnight Monday. Coast Guard spokesman Lt. Cmdr. Armand Balilo said this aims to prevent the p......【More】

2013-04-11

CNPC, KazMunayGas Eye Pipeline Expansion

China National Petroleum Corp. and KazMunayGas have signed an agreement on principles of an expansion of the pipeline that carries crude oil from Atasu in western Kazakhstan to a PetroChina Co. Ltd. refinery at Dushanzi, China. No capacity......【More】

2013-04-10

China's Shale Goal to Boost Arabian Gulf

Chinas ambitious goal of replicating North Americas shale revolution will change the dynamics of the global liquefied natural gas (LNG) market to the benefit of gas importers in the Arabian Gulf. Last week China took a big step towards open......【More】

2013-04-10

Deal Signed to Expand Sino-Kazakh Oil Pipeline

China and Kazakhstan inked agreements on Saturday to expand a crucial oil pipeline. Meeting ahead of a regional economic forum, President Xi Jinping also told his Kazakhstan counterpart Nursultan Abishevich Nazarbayev that both countries sh......【More】

2013-04-09

China Natural Gas Consumption Growth Slows by More Than Half

Chinas natural gas consumption growth for the first two months of 2013 slowed by more than half from a year earlier, according to figures from the countrys top economic planner. National Development and Reform Commission said that apparent......【More】

2013-04-09

CPC Hikes Fuel by NT$0.1 per Liter; Diesel Unchanged

The price of gasoline increased by NT$0.1 per liter today, with the price of diesel remaining unchanged, state oil refiner CPC Corp. announced yesterday. Following the price hike, the prices for 92-, 95- and 98-grade gasoline are NT$33.6, N......【More】

2013-04-09