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Shengli Crude Oil Process Might be Less Profitable

It was said that the profit of processing Shengli crude oil for Shandong teapots shrank weekly. According to statistics, the theoretical profit would be CNY34/mt, with a weekly fall of CNY26

September 19, 2014

Shenhua Group Transferring Huaneng Subsidiary's Shares

Guohua Engergy Investment, a state-owned sole corporation of Shenhua Group, recently opened listing in China Beijing Equity Exchange, transferring 15.77% of shares of Huaneng International P

September 19, 2014

China is Net Exporter Of Oil Products in August, Fourth Time in 2014

China's crude oil imports in August recovered to 25.19 million mt or an average 5.96 million b/d, surging 17.5% year on year, according to preliminary data released Monday, September 8, by t

September 18, 2014

“13th Five-year Plan” Will Focus on 7 Petrochemical Bases

It was revealed that the “13th Five-year Plan” of the petrochemical industry in China was compiled on a real-time basis.

September 18, 2014

Weak Demand for Refined Oil, Gas Hits CNOOC, Petrochina

Leading oil and natural gas companies PetroChina Co Ltd and CNOOC Ltd reported first-half results on Thursday that reflected weaker demand for refined products.

September 17, 2014

China's Oil, Petrochem Sector Faces Tough Challenges

The 13th Five-Year Plan (2016-2020) for the petroleum and petrochemical industry will focus on eliminating obsolete capacity and raising coal chemical output. Excess capacity will be the sec

September 17, 2014

China New PDH Units May Need to Resell Propane if Delayed

China's new propane dehydrogenation (PDH) units that are scheduled to come on line in 2014 may be forced to resell their contracted feedstock propane cargoes if start ups are delayed, indust

September 16, 2014

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