China National Petroleum Corp (CNPC) will supply crude oil to independent refineries, state media reported, as Beijing ups pressure on its state-owned firms to ensure domestic supplies during lingering shortages.
CNPC has already contacted small plants about crude oil supply, and offered to buy their refined products at a price that they find acceptable, the state [...]
China’s top oil refiner said on Monday it decided to ease the oil shortage and prices hike by reducing the exports of the refined oil products and increasing the imports of the crude oil, thereby guarantee the domestic fuel market supply.
China Petroleum & Chemical Corporation<600028><386><SNP>, also known as Sinopec, has made a 10-step program aimed [...]
Oil services company Anton Oilfield hopes to raise $200 million from its IPO at a time when oil prices are trading above $90 per barrel.
Anton Oilfield Services Group, a Chinese oil services company, is planning to raise about $200 million in a Hong Kong initial public offering. Pre-marketing is underway and the institutional roadshow will [...]
China National Petroleum Corp (CNPC), the nation’s largest oil company, yesterday announced it would import 100,000 tons of diesel this month to stabilize domestic supplies.
The first shipment of 35,000 tons arrived in Zhuhai, South China’s Guangdong Province, on November 17. Two more would be delivered within the month, the company said on its website.
In order [...]
PetroChina is making plans for a third west-east pipeline to carry Russian and domestic gas to the region near Beijing, a company source said, as the two countries neared a deal on import pricing after months of wrangling.
The plans are in a preliminary stage, with no on-site studies yet, but they envisage a route from [...]
Woodside Petroleum Ltd., Australia’s largest oil and gas producer, said yesterday it has signed a liquefied natural gas (LNG) key terms agreement with Taiwan’s CPC Corp.
Under the agreement, Woodside will sell 2-3 million tons of LNG a year from its Browse LNG project off Western Australia for a period of between 15-20 years, the Perth-based [...]
