The National Energy Administration has set up a general inspection team to check petroleum processing companies across the country. Zhenghe Group has been very responsive and has actively made preparations. The company gathered data and ...
Tags: Zhenghe Group, prepare, general, oil, refining, inspection
The government is expected to raise import duty on refined edible oil to 10%, from 7.5% at present, to protect the domestic oil refining industry. A Cabinet note regarding this has already been circulated by the Food Ministry, sources ...
Tags: Chemicals
China Knowledge reported that China, the world's second-largest oil consumer, saw its oil processing volume climb 9.1% YoY to 41.61 million tonne in November. According to a statement released by the National Development and Reform ...
Tags: oil processing, energy, China, oil consumer, growth, oil refining
Olam International has acquired a 50%stake in Acacia Investments(AI),a business group based in the United Arab Emirates with a strong presence in edible oil refining and distribution in East Africa,for$35m. Olam managing director and Palm ...
Tags: edible oil refining, joint venture, CPO
Gulf News reported that the recently issued World Oil Outlook report by OPEC comes at a time when the oil refining industry is passing through many changes around the world. While the refinery distillation capacity is stagnant in the US, ...
Tags: OPEC, oil refining industry, refinery