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MLR sets standards for exploitation ratio, recovery ratio & comprehensive utilization ratio

In order to enhance rational development and comprehensive utilization of oil and gas and encourage energy saving, the Ministry of Land and Resources (MLR) has recently set the standards for

7-16-2015 14:05:31

Oil & gas increase in Shaanxi Province

Shaanxi Province has recently discovered 16 new deposits with a total value of CNY2.48 trillion, including 1,293 million metric tons of oil; 698,600 million cubic meters of natural gas; 16,3

7-16-2015 14:03:46

Maoming Petrochemical’s expansion project will start operation in 2017

According to JYD, Maoming Petrochemical orchestrated the previous preparation of constructing a continuous catalytic reforming (CCR) unit 1.5 million mt/yr, which would be put into operation

7-16-2015 14:03:12

Sinochem Hongrun, Kenli and Lijin Petrochemical are qualified to use import crude

China Petroleum and Chemical Industry Association (CPCIF) claimed on July 10th and 14th that Sinochem Hongrun, Kenli Petrochemical and Lijin Petrochemical were qualified for using import cru

7-16-2015 10:17:42

Loss of coking unit was cut to CNY132/mt

This week, based on CNY4,100/mt of Russia M100 spot ex-stockpile price at Shandong market on July 15th, the loss of processing imported straight-run oil at Shandong teapots was cut to CNY795

7-15-2015 17:37:01

Shandong teapots run rate faltered down to 42.65%

According to JYD statistics from 37 Shandong teapots, up to July 15th, CDU run rate nudged down by 0.63% to 43.28% amid a thorough investigation on bus transportation and downturn of teapots

7-15-2015 17:28:25

China's consumption of non-fossil energy will reach 15% by 2020

As a developing country, China consumed 4.26 billion metric tons of stand coal equivalents in 2014, 66% of which was coal. It attaches great importance to the development of renewable energy

7-15-2015 17:21:52

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