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China National Petroleum Corp
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Chinese Independent Refiners Step up Gasoil
Feb 21, 2016China's independent refiners nearly doubled their gasoil and gasoline production in January and output is expected to remain at high levels going forward as they maintain strong run rates, set up reformers, and continue to process light ...
Tags: independent refiners, gasoline
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China Issues 20.93 Mil Mt Product Export Quota
Jan 6, 2016China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. It contrasted to the 9.75 million mt released for the same period ...
Tags: oil product, gasoline
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China to Allocate 34 Million Barrels of Storage Space Along China's Eastern Coast
Jun 7, 2015Shanghai's International Energy Exchange or INE intends to allocate 34 million barrels of storage space along China's eastern coast to serve participants of the country's proposed crude oil futures contract, officials said at the Shanghai ...
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China's Appetite for Imported Naphtha Has Grown
May 31, 2015China's appetite for imported naphtha has grown since the start of the year on the back of strong demand from petrochemical producers, market sources and traders said this week Imports of the petrochemical feedstock over January-April ...
Tags: Imported Naphtha, Naphtha
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China Starts up New Shale Gas Pipelines for Output
May 14, 2015China's state-owned oil giants Sinopec and China National Petroleum Corp. this month started up dedicated shale gas pipelines that will facilitate deliveries from the only commercial shale gas projects in the country to date as the ...
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China's Mar. Natural Gas Pipeline Imports up 41.3%
Apr 26, 2015China imported 1.98 million mt of natural gas via pipeline in March, 41.3% higher than the same month last year, detailed data from the General Administration of Customs showed Thursday. The customs department reports natural gas trade ...
Tags: natural gas, gas pipeline
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Capacity Should Be Expanded to Increase The Nation's Strategic Energy Reserves
Mar 12, 2015Underground natural gas storage capacity should be expanded to increase the nation's strategic energy reserves and ensure supply, said a senior official from China Petrochemical Corp (Sinopec), the country's biggest refiner. Sun Jian, ...
Tags: Underground Gas, Energy Security'
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The First Round of Oil Product Export Quotas for 2015
Jan 17, 2015China this week issued the first round of oil product export quotas for 2015, with volumes totaling 9.75 million mt, industry sources said Wednesday, January 14. This is significantly more than the roughly 8 million mt of quotas that were ...
Tags: Oil Export, Crude Oil
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Chinese Oil Companies Prompted to Reduce Output
Jan 11, 2015Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...
Tags: crude prices, Crude Oil
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China's Nov Russian Crude Imports Hit Record High
Dec 27, 2014China's crude imports from its major suppliers rose significantly in November versus a year ago, with Russian cargoes hitting a record high, although shipments from top exporter Saudi Arabia fell 5.9% to 3.99 million mt, detailed data from ...
Tags: Crude Imports, pipeline oil
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How Russia's Currency Depreciation Impacts China
Dec 23, 2014With falling home prices and slowing growth, Beijing already has plenty on its plate. Such challenges are now fueling concerns about how the current Russian currency turmoil will impact the world’s second largest economy, and ...
Tags: Currency Depreciation, home prices, rubble
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China's October Pipeline Gas Imports Rise 9% on Year
Nov 25, 2014China imported 2 million mt of natural gas via pipelines in October, up 8.8% from a year earlier, data released Saturday, November 22, by the country's General Administration of Customs showed. China's customs department reports natural ...
Tags: Pipeline Gas, natural gas
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China Imports The Gasoil to Better Margins
Nov 7, 2014A combination of low inventories and refinery maintenance could be spurring some Chinese state-owned companies to seek gasoil imports for the fourth quarter, sources said this week. Though market sources said that state-owned trader ...
Tags: Gasoil, sulfur gasoil, crude oil
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China Shale Gas Output Target in The Medium Term
Sep 19, 2014China has slashed its official target for shale gas production in the medium term by up to a third and now expects to achieve 30 billion cubic meters of output by 2020, according to the country's Ministry of Land and Resources at a briefing ...
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Gazprom Has Reached an Agreement with China on a $25b Prepayment for Russian Natural Gas
May 27, 2014Russian gas giant Gazprom has reached a preliminary agreement with China on a $25 billion prepayment for Russian natural gas delivered under the 30-year supply deal signed this week, deputy CEO Alexander Medvedev said Friday. "An advance ...