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.
* March fuel exports at highest in at least 7 yrs on new plant
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.
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.
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.
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).
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.
* Oil-purchase strategy blamed for record Q4 loss of $700 mln
* Oil-purchase strategy blamed for record Q4 loss of $700 mln
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.
Sri Lanka said on Monday it was invoking emergency powers in the aftermath of devastating bomb attacks on hotels and churches, blamed on militants with foreign links, in which 290 people were killed and nearly 500 wounded.