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PetroChina announces new investment cut between 2016 and 2020

Chinese oil group China National Petroleum Corp. (CNPC) has announced that it would cut its annual investment between 2016 and 2020 to around Cyu 260bn (US$39bn), a nearly 40% reduction from

8-1-2016 13:42:31

SBS oil-extended rubber prices likely to hover at high levels

In early July, Dushanzi Petrochemical only arranged a production of 1,900 mt 171 SBSoil-extended rubber. PetroChina South China Marketing Company takes buy-out dealership on SBS oil-extended

7-29-2016 18:58:10

Deep processing companies still get profits amid sluggish market

July 22nd-July 28th, average profit of olefin deep processing was flat. According to JYD, profit of alkylation units averaged CNY258.5/mt, down 10.24% from last week.

7-29-2016 18:07:33

China coal firm makes bond payment it missed as market improves

A Chinese coal company made a full bond payment it missed in June, in another sign that conditions are improving in the onshore note market this month.

7-29-2016 17:03:01

Rizhao-Yizheng crude pipeline throughput stimulation project

Recently, Jiangsu Province Development Reform Commission released the permit of Rizhao-Yizheng crude pipeline oil transportation station throughput stimulation project in Jiangsu Province.

7-29-2016 16:38:22

Liaoning plans to cut 13.27 mln mt/yr of coal production capacity in 2016

Liaoning province plans to phase out 13.27 million mt/yr of coal production capacity in 2016, including 12 million mt/yr owned by SOEs and 1.27 million mt/yr owned by six local cities.

7-29-2016 16:36:12

CNOOC pre-losing 8 bln yuan in H1

In late July, CNOOC released the earnings preannouncement that its profit in the first half year was expected to loss 8 billion yuan, but in the first half year of 2015 its profit settled at

7-29-2016 16:04:53

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