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[Mar. 14, 2017] China's refinery production rose 4.3 percent to the second highest level on record on a daily basis during the first two months of the year, while crude output fell 8 percent from a year earlier, offi...
[Mar. 13, 2017] Privately-run conglomerate CEFC China Energy has approached several independent Chinese oil processors seeking to acquire its first domestic refinery operation, its next move towards becoming a global...
News-Refining 2- shale gas
[Mar. 6, 2017] Dongming Petrochemical, China’s largest independent or ’teapot’ refiner, has signed a deal with privately run CEFC China Energy and a local port authority to build a crude oil terminal in Shandong province, seeking to ease a logistics bottleneck gripping
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[Mar. 6, 2017] Chinese oil and gas company Sinopec Group is planning to invest CNY200bn ($29.05bn) to upgrade its four main oil refineries in the country through 2020.The investment is intended to help the firm produce higher-quality fuels at the four refineries which a
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[Mar. 3, 2017] Dongming Petrochemical, China’s largest independent or ’teapot’ refiner, has signed a deal with privately run CEFC China Energy and a local port authority to build a crude oil terminal in Shandong province, seeking to ease a logistics bottleneck gripping
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[Mar. 3, 2017] China Petroleum & Chemical, also known as Sinopec, plans to invest 200 billion yuan ($29 billion) through 2020 to upgrade its four main oil refineries in China.The spending will increase the combined annual processing capacity of the plants by 30% to
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[Mar. 1, 2017] China will issue non-state crude oil import licenses to five refiners, including China National Chemical Corp and four independent refiners, the country’s commerce ministry said on Tuesday.The four independent refiners are Shandong Shenchi Group, Shandong
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[Feb. 28, 2017] China’s privately owned refineries are the new force in the crude oil market.Once sidelined due to Chinese regulations, these refineries (known as “teapots” because of their small size in comparison with giant state-owned companies) are
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[Feb. 27, 2017] Singapore-listed China Aviation Oil targets to consolidate its relationship with China’s independent refineries in 2017 to build a foundation for a sustained and gradual increase in crude oil trading volumes in future rather than a sudden jump, CEO Meng F
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[Feb. 21, 2017] Chinese independent, or teapot, refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by OPEC’s output cuts and ample supplies in Canada and the United States.In April,
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[Feb. 15, 2017] China’s regulatory pendulum has swung from supporting independent refiners by encouraging competition and deregulation to favoring state-owned oil companies, which could have the impact of regulating many of the independents out of business.In early
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[Feb. 14, 2017] Saudi Aramco will deliver crude oil to Chinese refiner Huajin Chemical Industries under a new deal—a first for the two companies, sources in the know told Reuters.Aramco will supply light crude that will enable Huajin to expand its naphtha output, w
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