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Chen Aizhu

Bankrupt China 'teapot' refinery plans restart after bailout -sources

12 Apr 2019

SINGAPORE/BEIJING Chinese independent refiner Shandong Haiyou Petrochemical Group aims to restart its key crude oil unit in June, a year after it was idled following a bankruptcy filing, according to four sources with knowledge of the matter.

UPDATE 1-China March crude imports ease on overhaul, fuel exports soar

12 Apr 2019

* March fuel exports at highest in at least 7 yrs on new plant

Bankrupt China "teapot" refinery plans restart after bailout -sources

12 Apr 2019

SINGAPORE/BEIJING, April 12 Chinese independent refiner Shandong Haiyou Petrochemical Group aims to restart its key crude oil unit in June, a year after it was idled following a bankruptcy filing, according to four sources with knowledge of the matter.

BP latest oil major to exit China's shale gas after poor drilling results

11 Apr 2019

SHANGHAI/SINGAPORE European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said this week.

Shell enters China's shale oil scene with joint study with Sinopec

08 Apr 2019

SINGAPORE Royal Dutch Shell has entered China's shale oil sector, signing an agreement with state-owned Sinopec to study an East China block, part of the nation's early efforts to unlock the potentially massive unconventional resource.

China gas demand to surge in 2019, but maybe not enough to sop up LNG glut

08 Apr 2019

SINGAPORE China's natural gas demand is set to grow by 14 percent in 2019 amid a huge government push to spur consumption of the fuel, a senior industry executive said, requiring the nation to import huge amounts of liquefied natural gas (LNG).

China's ENN expands global trade with new gas purchase deals

05 Apr 2019

SHANGHAI/SINGAPORE, April 5 China's independent gas distributor and terminal operator ENN Group is beefing up its global business via new supply deals for liquefied natural gas (LNG) to meet strong Chinese demand and to grow its young trading team, a company executive said.

RPT-China's Sinopec dials back oil-purchase strategy after record Q4 loss -sources

03 Apr 2019

* Oil-purchase strategy blamed for record Q4 loss of $700 mln

China's Sinopec dials back oil-purchase strategy after record Q4 loss -sources

02 Apr 2019

* Oil-purchase strategy blamed for record Q4 loss of $700 mln

China's Sinopec dials back oil-purchase strategy after record fourth-quarter loss: sources

02 Apr 2019

SINGAPORE China's Sinopec Corp has ended a five-year crude oil purchasing strategy to rein in the speculative derivatives activity of its trading arm Unipec after a record trading loss late last year, four people with direct knowledge of the matter told Reuters. Sinopec, Asia's largest crude oil buyer and its largest refiner, in January abandoned a buying formula used since 2014 to establish performance targets for Unipec and aimed at driving down its crude feedstock costs to a pre-set discount to global oil benchmarks.

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