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State Owned Oil
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March Crude Throughput Rises 6% on Year
Apr 18, 2017China's crude refinery throughput in March rose 5.9% year on year to 47.5 million mt, or an average of 11.23 million b/d, preliminary data released Monday by the National Bureau of Statistics showed. This was the highest year-on-year ...
Tags: crude refinery, Oil
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China to Restrict Oil Product Exports in H1 2017
Mar 31, 2017China is highly likely to restrict oil product exports in the first half of 2017 to flat or below H1 2016 levels amid growing focus on pollution control, curbing excess capacity and international trade flows, sources with knowledge of the ...
Tags: Oil Product, Crude Oil
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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 Teapot Refineries Apply for Crude Quotas
Jan 3, 2016Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 million mt/year of imported crudes, the ...
Tags: teapot refineries, teapot
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Oman Close to Contract Awards for Liwa Plastics, Salalah LPG Plants
Dec 15, 2015Oman is close to awarding construction contracts and reaching financial close for its planned Liwa Plastics petrochemicals complex and Salalah LPG plant, sources close to the projects said Monday. Approximately $5.2 billion of funding is ...
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Exxonmobil Gets Green Light for Argentinian Shale Development
Dec 15, 2015The government of Neuquen, a southwestern province of Argentina, said Monday it has approved ExxonMobil's investment plan for developing shale resources in the Bajo el Choique and La Invernada blocks. The company will work with Gas y ...
Tags: shale, GyP, natural gas
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Indonesia's Pertamina Signs Hoa with Saudi Aramco for Cilacap Refinery Upgrade
Dec 2, 2015Indonesia's state-owned oil and gas company Pertamina has signed a heads of agreement for a $5.5 billion upgrade of the Cilacap refinery with Saudi Aramco, president director Dwi Soetjipto said in a statement Thursday. The project is ...
Tags: crude distillation, refinery, sour crude
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Grade B Ethanol Market Spotlight Turns on Pakistan as Brazil Remains Pricey
Nov 4, 2015Pakistan is set to regain ground in the Asian beverage-grade ethanol market amid recent surge in Brazilian ethanol -- the predominant source of grade B product currently, market sources said Tuesday. With several Pakistani sellers set to ...
Tags: freight rates, Grade B Ethanol, price
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Sinopec, Petrochina Cut Domestic Oil Product Sales, Boost Exports
Nov 4, 2015China's state-owned oil giants Sinopec and PetroChina reported a modest 1.73 million mt or 0.7% increase in their domestic oil products sales in the first nine months of 2015, but exports rose by 2.59 million mt or 12% in the same period, ...
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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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Sinopec, PetroChina Connect Two Gas Pipelines
Apr 29, 2015China's state-owned oil giants Sinopec and PetroChina successfully connected the Sichuan-East China gas pipeline with the second West-East gas pipeline over weekend, Sinopec said Monday, April 27. The connection is in Hubei province's ...
Tags: Crude Oil, Gas Pipeline
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The Bumpy Road to China's Shale Revolution
Oct 2, 2014China's environmental degradation has become a growing source of public consternation and a potential political liability. Premier Li Keqiang declared a "war on pollution" in March 2014, vowing to reduce emissions from power generation and ...
Tags: Metallurgy, Mineral, Energy, Shale
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The Prompt Inter-Month Timespread for The FOB Singapore 92 RON Swaps Hit an 8-Month High
Apr 16, 2014The prompt inter-month timespread for the FOB Singapore 92 RON swaps rose to an eight-month high last week, reflecting firming demand amid a tightening physical spot market ahead of the Asian refinery turnaround season. The May/June time ...
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Sinopec Corp Posted Modest Gains in Its 2013 Upstream and Downstream Oil & Gas Production
Mar 27, 2014State-owned China Petroleum and Chemical Corp, or Sinopec Corp, posted modest gains in its 2013 upstream and downstream oil and gas production and has pledged to reduce its capital expenditure this year. In its annual financial results ...
Tags: Sinopec, Oil, Gas Output, Chemicals
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Indian Refiner MRPL Is Close to Completing The Long-Drawn-out Third Phase
Feb 12, 2014Indian refiner Mangalore Refinery and Petrochemicals Ltd is close to completing the long-drawn-out third phase of its expansion project, which will see a new petroleum fluid catalytic cracker and delayed coker unit come onstream at its 15 ...
Tags: Refinery Expansion, Metallurgy
