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Iraq crude output was more than 4.75 mln bbl/d

Iraq SOMO chairman Falah Al-Amri said that the current crude ouput was 4.75 million barrels per day in July, and meanwhile, the oilfields’ crude export in Southern Iraq settled at 3.25 mil

July 21, 2016

MTBE unit of Yuyang Petrochemical is in short outage

MTBE unit of Yuyang Petrochemical was in outage on July 19 due to malfunction. Its LPG output grew to 400 mt, up slightly from regular level. It was predicted that outage would last 7-10 day

July 21, 2016

PetroChina and BASF launched a new oil product by upgrading

Recently, PetroChina Shandong Sales Company and BASF (China) Co., Ltd jointly launched a new product efficiency fuel in Shandong Province.

July 21, 2016

Iran regained 80% of market share after sanction

According to data released by Platts, in June Iran crude oil production hit a 5 year high to 3.63million bbl/day since 2011. In addition according to Reuters, Iran exported crude oil in 2.3

July 21, 2016

Shandong ports oil inventory kept steady amid low arrivals and delivery

The data from JYD showed that the coastal crude and commercial fuel oil inventory kept steady totally, and on July 21st the total stocks in Qingdao, Longkou, Laizhou and Rizhao ports settled

July 21, 2016

Iran plans to invest $185bn in next 5 years in oil industry

Iran National Gas Company International Affairs Director Gansari announced that Iran plans to invest $185bn in next 5 years in middle and lower reaches of oil industries.

July 21, 2016

Shutdown of oilfields in North Sea increased oil output concerns

The uncertainty of the investment environment caused by British exit from EU quickened the pace of the closure of oilfields in North Sea.

July 21, 2016

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