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China's Non-State Crude Import Quota Unchanged

Dec 4, 2016

China's Ministry of Commerce announced on Thursday that the quota for non-state crude oil imports will stay unchanged at 87.6 million tonnes for 2017. The volume is equivalent to around 26 percent of China's crude imports last year. ...

Tags: Crude, Crude Oil

Nissan Working on Bioethanol-Powered Electric Vehicles

Jun 20, 2016

Nissan is working on a system that will power cars with electricity generated from bio-ethanol. The Solid Oxide Fuel-Cell (SOFC) system is claimed to be the world first for automotive use. It features an e-Bio Fuel-Cell with an SOFC power ...

Tags: SOFC, e-Bio Fuel Cell

China's Crude Oil Imports Surpassed Those of The United States in April

May 13, 2015

China's crude oil imports surpassed those of the United States in April, making it the world's largest oil importer, recent data showed. China imported 30.29 million tons of crude oil in April, or about 7.37 million barrels per day, data ...

Tags: Oil Imports, Crude Oil

Bangladesh Petroleum Corp Has Submitted a Formal Request to The National Board of Revenue

Feb 25, 2014

State-owned Bangladesh Petroleum Corp has submitted a formal request to the National Board of Revenue seeking a waiver from local taxes, value added taxes and other duties imposed on refined oil product imports, in order to borrow less from ...

Tags: Petroleum, Tax Waivers, Oil Product

China Sets The 2014 Crude Oil Import Quota for Non State-Owned Companies

Oct 15, 2013

China has set the 2014 crude oil import quota for non state-owned companies at 29.1 million mt (about 582,000 b/d), unchanged from this year, the Ministry of Commerce said Friday. Companies wishing to apply for crude import licenses ...

Tags: Non State-Owned Crude

China Will Become The Largest Importer of Oil in The World

Aug 15, 2013

The US Energy Information Administration (EIA) forecasts that China's net oil imports will exceed those of the United States by October 2013 on a monthly basis and by 2014 on an annual basis, making China the largest importer of oil in the ...

Tags: Metallurgy, Mineral, Energy

Ability of OPEC to Influence The Balance of Crude Markets Is Diminishing

Jul 17, 2013

The ability of OPEC to influence the balance of crude markets is diminishing in the face of growing US oil production, with 2013 expected to be a rare instance of a year-on-year decline in the call on the producer group to maintain balanced ...

Tags: Chemicals

China National Petroleum Corporation (Petrochina Group) Revealed Details

Jun 25, 2013

China National Petroleum Corporation (PetroChina Group) revealed details for enlarging long-term crude oil trade between Russia and China. According to the contract, the Chinese oil producer will import Russian crude oil of 46.1 million ...

Tags: Crude Oil, PetroChina

Taiwan October Crude Oil Imports More Than 99% of Its Crude Oil Needs

Dec 20, 2012

According to statistics released by the Bureau of Energy of the island, Taiwan, which imports more than 99% of its crude oil needs, imported 28.16 million barrels of crude oil in October this year, down 7.5% compared with the same period of ...

Tags: crude oil, down, CPC Corp, petroleum, natural gas, gasoline

Japan Lower House Has Endorsed a Bill to Insure Iranian Crude Oil Importing Shipments

Nov 29, 2012

Japan's lower house of parliament has endorsed a bill to allow Japanese government to insure Iranian crude oil importing shipments, in an effort to counter new US-European Union sanctions against Iran. Yet to be voted by the upper house, ...

Tags: Japan, Iranian crude oil, oil import, insurance policy

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