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Total, Vitol, Trafigura Win Nigeria 2016 Crude Oil Term Contracts

Dec 18, 2015

France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. "NNPC issued ...

Tags: Crude Oil, oil trading

Approximately 50,000 Tones of Sugar Stored in a Warehouse Operated by Cargill

Oct 23, 2014

Approximately 50,000 tones of sugar stored in a warehouse operated by Cargill and Biosev at Brazil's Santos port, affected by fire in the Teag terminal, has been destroyed. The terminal, known as TEAG sugar terminal, is a 50-50 joint ...

Tags: Sugar, Cargill, Food

Sinopec Has Signed a Pact with KPC to Enhance Cooperation in The Oil and Refining Sector

Jun 5, 2014

China's state-owned Sinopec said Wednesday it has signed a pact with Kuwait Petroleum Co to enhance cooperation in the oil sector, including refining. Sinopec, or China Petrochemical Corp., said the deal was signed Tuesday in Beijing in ...

Tags: Oil, Refining, Metallurgy, Mineral, Energy

Argentina Exported 92,755 Mt of Biodiesel in February, a 106% Jump Year on Year

Apr 9, 2014

Argentina exported 92,755 mt of biodiesel in February, a 106% jump from the same period in a year ago, according to Argentinian Biofuels Association, or CARBIO, data that Platts received Thursday. February fixture data indicated as much ...

Tags: Biodiesel Exports, Biofuels

China's Fuel Oil Imports in November Plunged 29.7% Year on Year to 1.46 Million Mt

Jan 2, 2014

China's fuel oil imports in November plunged 29.7% year on year to 1.46 million mt, General Administration of Customs data released Friday showed. The total was also down 12.4% from October. The volume refers to fuel oil classified as No. ...

Tags: Fuel Oil, Mineral

China Will Re-Introduce an Import Tax on Diesel -- at 1% -- From January 1, 2014

Dec 18, 2013

China will re-introduce an import tax on diesel -- at 1% -- from January 1, 2014, following approval from the State Council, the country's Ministry of Finance said Monday. No reason was given for the change. Diesel had been exempt from ...

Tags: Diesel Tax, Mineral

China Petrochemical Corp Is Expanding in Africa Through Investment and Social Involvement

Dec 13, 2013

China Petrochemical Corp, Asia's top refiner, is expanding in Africa through investment and social involvement, Du Juan reports As Africa becomes increasingly important in the global energy structure, with growing proven reserves of oil ...

Tags: Sinopec, China Petrochemical

ChemChina Is Planning to Set up an Oil Trading Desk in Singapore in MID-September

Aug 16, 2013

China's state-owned China National Chemical Corp., or ChemChina, is planning to set up an oil trading desk in Singapore in mid-September, a source at ChemChina said Wednesday. "Our Singapore trading desk will have around 10 people for ...

Tags: Oil, Energy

China's Shanghai Futures Exchange Is Hoping Its New Asphalt Futures Contract

Jun 28, 2013

China's Shanghai Futures Exchange is hoping its new asphalt futures contract -- to be launched next month -- will revive interest in oil trading on the bourse, after activity on its fuel oil contract fizzled out, Zhang Zheng, SHFE's ...

Tags: Chemicals, Metallurgy, Mineral, Energy

Biomass Was Turned Into One of The World's Most Important Sources of Renewable Energy

Mar 22, 2013

Shipping has so far not benefited from the research and development that has turned biomass into one of the world's most important sources of renewable energy. Two projects involving Maersk aim to change that. With an annual fuel bill of ...

Tags: Shipping, Service

South Korea's Oil Refiners Are Likely to Face Tougher Challenges in Coming Years

Dec 28, 2012

South Korea's oil refiners are likely to face tougher challenges in coming years as President-elect Park Geun-Hye vows consumer-focused policies and tighter business regulations under her economic democratization platform. Park, from ...

Tags: South Korea, oil refiners, economic democratization platform, oil

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