China’s oil refiners may return to profit this month after benefiting from falling global crude prices, according to an industry association.
The country’s oil refining industry would probably shake off heavy losses caused by previous crude price increases and state-imposed caps on refined oil prices if world prices continue to drop, the China Petroleum and Chemical [...]
PetroChina Co Ltd (HK 0857), the country’s largest oil and gas producer, is considering building a second 10-mln-ton capacity refinery in southwestern China’s Guangxi region, parent China National Petroleum Corp (CNPC) said.
The refinery will be located in the Beibu gulf area, CNPC said, disclosing the plan when Premier Wen Jiabao visited PetroChina’s first refinery project [...]
Sinopec Group has agreed to buy Tanganyika Oil Co for C$2.07 billion (US$2 billion), the Canada-based company said yesterday.
Tanganyika, listed in Toronto and Stockholm, said its board has unanimously recommended Sinopec’s offer of C$31.50 a share for all the 65.615 million shares outstanding, as it represents a “substantial premium” to its recent prices.
The offer is [...]
China National Petroleum Corp (CNPC), parent of the country’s largest oil maker PetroChina, will put a 10-million-ton oil refinery into production in Guangxi Zhuang Autonomous region in December this year, according to sources.
It was reported that the new refinery, which is located in Qinzhou city on the northern shore of the Beibu Gulf, aims to [...]
China’s largest oil producer, China National Petroleum Corp. (CNPC), will start up a 10-million-ton oil refinery in south China’s Guangxi Zhuang Autonomous Region in December, a step to relieve tight energy supply in southwest China, the regional governor said on Wednesday.
Work on the plant, costing more than 15 billion yuan (2.2 billion U.S. dollars), was [...]
PetroChina Co., the nation’s second-largest oil refiner, started construction of an 8.2 billion-yuan ($1.2 billion) oil refinery in western China’s Ningxia province to tap rising demand.
The refinery will process 5 million metric tons of crude a year into products including 1.7 million tons of gasoline, 2.38 million tons of diesel and 210,000 tons of liquefied [...]
