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CHINA PETROCHEMICAL CORP
What sanctions are there on Iran and will they be lifted?Iran's oil sales may see a waiver under a new interim deal. However, the country remains under a complex network of international sanctions...- Asian refineries, petrochemical firms cut runs as Iran war disrupts suppliesGlobal energy markets face disruption. Asian refineries and petrochemical firms are cutting operations. This follows a U.S.-Israeli conflic...
- Chinese refiners begin run cuts as Iran war tightens oil supplyRecent turbulence in the Strait of Hormuz has led to significant operational changes among China’s major refiners. Zhejiang Petrochemical C...
- Saudi crude to China to surge in May after price fall, sources saySaudi Arabia is set to significantly increase its crude oil supply to China in May, reaching approximately 48 million barrels, a notable ri...
- A glut of made-in-China plastic will dent oil’s growth machineChina's investment in the petrochemicals industry is leading to excess capacity and falling profit margins for the industry as a whole, as ...
- Saudi Aramco to invest in $7 bln petchem project in South KoreaThe construction of the complex, to produce up to 3.2 million tonnes per year (tpy) of petrochemicals, will begin in 2023 and be completed ...
- Asia plastic makers frustrated by delay in China demand recoveryProfits from turning naphtha into ethylene, a petrochemical that’s the base for many plastic products, have dropped to $133 a ton from abov...
- China considers buying stakes in Russian energy, commodity firmsThe discussions are at an early stage and won’t necessarily lead to a deal, the people said, requesting anonymity as the discussions aren’t...
- Saudi Arabia expands share in China oil market, Russia lagsChina brought in 87.58 million tonnes of crude oil from the kingdom, or an equivalence of 1.75 million barrels-per-day (bpd), data from the...
- Six reasons Asia's oil refiners aren't going away anytime soonThe speedy adoption of technologies such as electric vehicles is causing the biggest shock to the oil industry in half a century and naviga...
- US adds Chinese chipmaker, oil giant to security blacklistThe U.S. government has stepped up a feud with Beijing over security by adding China's biggest processor chip maker and a state-owned oil g...
- China’s commodities imports decline as seasonal slump weighsAmong major commodities, crude imports fell to a six-month low of 42.6 million tons as private refiners ran low on quotas and state firms t...
- West Coast Refinery's complex to cost Rs 2.7 lakh crore: Dharmendra PradhanThe three firms on June 14 signed a joint venture agreement to form a company, West Coast Refinery and Petrochemical Ltd for implementation...
- IOC, BPCL, HPCL sign agreement to set up $40 billion refineryIOC has been looking at West coast for a refinery as catering to customers in West and South was difficult with its refineries mostly in th...
- Cairn India is the fastest growing energy company: PlattsCairn India topped the list of 2012 Platts Top 250 Global Energy Company Rankings for fastest growing cos with a 3-yr CGR of 119.8%.
- Chinese oil firm completes acquisition of US shale gas blocksChina Petrochemical Corp. said it has completed the acquisition of one-third of the equity of Devon Energy Corp's five shale gas assets.
- India way behind China in securing fuel suppliesIndia faces an uneven contest to close the gap with China.
- ONGC may rope in strategic partner for Dahej petrochem unitState-run Oil and Natural Gas Corp (ONGC) may rope in a strategic partner for its mega petrochemical plant before going for an initial publ...
- Sinopec buys Addax for $7.2 billionChina's Sinopec has agreed to purchase oil exploration firm Addax Petroleum for $7.2 billion in the largest ever Chinese offshore acquisiti...
- ONGC in 2nd round talks with 3 for selling 25% stake in OPaLState-owned ONGC is talking to world's leading chemical firms, including Itochu Corp of Japan and the two UK-based companies -- Ineos and L...
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