Latest SZ China Reports Updates

• SZ China Natural Gas Bi-weekly Report Apr 1-15,2012 [Apr. 25, 2012]
• SZ China Natural Gas Quarterly Report Q1 2012 [Apr. 3, 2012]
• SZ China Refining Monthly Report-Mar’2012 [Apr. 2, 2012]
• SZ China Natural Gas Bi-weekly Report Mar 16-31,2012 [Apr. 2, 2012]
• SZ China Natural Gas Bi-weekly Report Mar 1-15,2012 [Apr. 2, 2012]

• SZ China Natural Gas Bi-weekly Report Apr 1-15,2012
  [Apr. 25, 2012] 
• SZ China Natural Gas Quarterly Report Q1 2012
  [Apr. 3, 2012] 
• SZ China Refining Monthly Report-Mar’2012
  [Apr. 2, 2012] 

• SZ China LPG Prices Daily Alert May 15, 2012
  [May 15, 2012] 
• SZ China LPG Prices Daily Alert May 14, 2012
  [May 14, 2012] 
• SZ China LPG Prices Daily Alert May 11, 2012
  [May 11, 2012] 

[Jan. 20, 2012] Oil advanced above $101 a barrel Wednesday, buoyed by positive economic data from China and continued concerns about diplomatic tensions with Iran and their potential effect on the flow of the region’s oil exports.By early afternoon in Europe, benchmark c

[Jan. 20, 2012] U.S. and Philippine marines plan to hold combat drills at an oil rig in the South China Sea to bolster the defense of such sensitive facilities in a bold move that may provoke protests from China, which claims waters in or near the location.Lt. Gen. Juanc

[Jan. 16, 2012] China Huadian Corp., one of the country’s five largest power producers, announced on Friday that it had won government approval for two gas-fired distributed power projects in the southern provinces of Guangdong and Yunnan. The company did not provide fur

[Jan. 13, 2012] China Huadian Corp., one of the country’s five largest power producers, announced on Friday that it had won government approval for two gas-fired distributed power projects in the southern provinces of Guangdong and Yunnan. The company did not provide fur

[Jan. 10, 2012] Details on the route of the domestic section of China National Petroleum Corp.’s (CNPC) China-Myanmar pipeline were disclosed by the Guizhou arm of the National Development and Reform Commission (Guizhou NDRC) in late December, indicating that the paralle

[Jan. 9, 2012]  The government and the NPA are arguing over how powerful the leftist rebels are, and how they stay in business. The NPA claims to have 16,000 armed members and control large rural areas. The police counter that the NPA survives with about 5,000 gunm

[Jan. 2, 2012] CNOOC Ltd., China’s largest offshore oil explorer, said Saturday that its Lufeng 13-2 oil field in the South China Sea has begun operation.The field is located in the Pearl River Estuary basin, which has an average water depth of 132 meters. The project c

[Dec. 29, 2011] The commercial fuel oil inventory of major oil terminals in south China was at 1.61m-1.63m tonnes on Wednesday, down by 120,000 tonnes or 6.9% from a week ago, according to C1 research. The stock accounted for 59% of the total storage capacity of the term

[Dec. 26, 2011]  China will soon put its first deepwater exploration vessel into use in the South China Sea, the China Petroleum Daily reported on Monday.The report did not specify which part of the South China Sea the vessel would be employed in."Ocean Oil 708

[Dec. 23, 2011] CNOOC, China’s largest offshore energy explorer, said Thursday that it will repair a leaking pipeline after inert gas replaces natural gas in the South China Sea, and no oil spill was reported.The undersea pipeline will be repaired after nitrogen replaces

[Dec. 22, 2011] China National Offshore Oil Corp Ltd (CNOOC), China’s largest offshore energy producer, has shut down its operation in the South China Sea after gas leak being detected from one of its sub-sea pipelines.The pipeline leak is about 12 kilometers from the co

[Dec. 22, 2011] Media photos of flames floating this week on the surface of the South China Sea appear to challenge a contention from China National Offshore Oil Corp. that an undersea gas leak it reported caused no environmental pollution.Cnooc Ltd., a unit of the state

[Dec. 21, 2011] In the last year, territorial disputes in the oil rich South China Sea topped the list of security concerns in Southeast Asia. Our correspondent in Jakarta looks back at how a number of confrontational incidents at sea increased regional tensions, prompte

[Dec. 20, 2011] A center for the purpose of conducting research on legal issues regarding the South China Sea was founded in south China’s Hainan province on Monday.The center is the first established in China for the research on such issues, local authorities said.The c

[Dec. 20, 2011] Chinese offshore oil and gas firm CNOOC Ltd halted production at two platforms after discovering a leak in the subsea gas pipeline at the Zhuhai terminal in southern China near Hong Kong, the company said in a press statement."Currently the terminal

[Dec. 15, 2011] The supply shortages of diesel in east, central, south and south-west China are expected to worsen on expectations of a possible hike in retail prices, supply limitations imposed by wholesalers, and transportation problems, reports Economic Information.A

[Dec. 15, 2011] Widespread diesel shortages are hitting southern China, with many filling stations posting "no diesel" signs ahead of high seasonal demand, the China Review News reported on its website.The newspaper reported long queues at filling stations alon

[Dec. 15, 2011] The Philippines relaunched an old U.S. Coast Guard cutter Wednesday as its biggest and most modern warship to guard potentially oil-rich waters that are at the center of a dispute with China.President Benigno Aquino III witnessed the commissioning of the

[Dec. 14, 2011] The Economic Information Daily (经济参考报消息) reported today that diesel shortages are once again effecting large swathes of the country, with long queues for limited supplies of diesel appearing at gas stations in central, eastern, southern and southwest Chin

[Dec. 6, 2011] The, pipe-laying vessel ZHONG YOU HAI 101 recently left the Port of Qingdao and expected to arrive at the Shenzhen-Hong Kong waters within days and get ready for construction of the final part of the Second West-East Gas Pipeline.Due to geographical reaso

[Dec. 6, 2011] Work began very recently on a crude oil terminal - as China’s largest commercial oil storage base - in Yangpu Economic Development Zone, is expected to serve all of South China and ASEAN countries as well.Work on the 7-billion-yuan project began on Nov 28

[Dec. 1, 2011] Construction has started on an oil wharf at Yangpu Port on the island province of Hainan, according to SDIC Yangpu Port Corp. a state-owned port operator and one of the project’s investors.

[Nov. 30, 2011] Air Liquide said it has secured a contract to supply China Petroleum and Chemical Corporation or Sinopec 200,000 normal cubic metre per hour (Nm3/h) of gaseous oxygen and nitrogen for use at its existing MPCC oil refinery in Maoming in China’s Guang

[Nov. 24, 2011] Striking a combative posture amid deepening row over the South China Sea, China today announced naval exercises in the Western Pacific asserting that its lawful rights including navigation should not be hindered.The People’s Liberation Army ( PLA) naval f

[Nov. 22, 2011] China Petroleum and Chemical Corp, better known as Sinopec, and Kuwait Petroleum Corp began construction on their 59 billion yuan (US$9.3 billion) joint venture petrochemical project in south China’s Guangdong Province on Sunday, Shanghai Daily reported.

[Nov. 22, 2011] China has cautioned against foreign interference in the disputed oil-rich South China Sea.Indian Prime Minister Manmohan Singh and Chinese Premier Wen Jiabao discussed the South China Sea dispute on the sidelines of last week’s East Asia summit, Press Tru

[Nov. 21, 2011] CHINA Petroleum and Chemical Corp, better known as Sinopec, and Kuwait Petroleum Corp began construction on their 59 billion yuan (US$9.3 billion) joint venture petrochemical project in south China’s Guangdong Province yesterday.The equally-owned project,

[Nov. 21, 2011] China Petroleum & Chemical Corp said that the company along with Kuwait Petroleum Corp. began constructing a USD9.3 million joint refining and petrochemical project in the province of bGuangdong, southern China, reported Arab News.The firm added that

[Nov. 21, 2011] India Friday told China that its oil and gas explorations in the South China sea were purely a commercial activity.In his meeting with Chinese Premier Wen Jiabao on the sidelines of the India-ASEAN and East Asia Summits here, Indian Prime Minister Manmoha

[Nov. 18, 2011] He began as a president who put his first visit to China ahead of meeting the Dalai Lama, who delayed military sales to Taiwan, and who soft-pedalled on human rights. This week a sea change occurred in Barack’s Obama’s rhetoric on China. Each stopover on

[Nov. 18, 2011]  With the economic interests of many nations tied to stability in the region, any conflict in the South China Sea would have major implications for the world at large, Navy Chief Admiral Nirmal Verma has warned.Terming the South China Sea, where Indi

[Nov. 18, 2011]  As Prime Minister Manmohan Singh touched down here on Thursday evening for the ASEAN and East Asia summits, it is clear the South China Sea issue will feature prominently in the discussions over the next couple of days.In his departure statement, th

[Nov. 15, 2011] The Philippine President Benigno Aquino has confirmed that an energy company will begin exploring the rich gas deposits in the South China Sea next year.The area being investigated is called Recto Bank, which the country insists is an undisputed part of i

[Nov. 15, 2011] President Aquino is set to court support from Southeast Asian allies at summit talks this week to form a united front against China over the disputed areas in the region.Aquino will stress that peacefully solving overlapping territorial claims in the Spra

[Nov. 14, 2011] To China, the world’s biggest energy consumer, another Saudi Arabia of oil may lie beneath the ocean to its south. Escalating regional tensions mean large-scale drilling may be slipping further into the future.The South China Sea may hold 213 billio

[Nov. 7, 2011]  Territorial tensions in the South China Sea could explode into "full-scale conflicts" unless quarreling neighbors abide by international law, a Vietnamese diplomat warned on Friday.Dang Dinh Quy, president of the state-run Diplomatic Acade

[Nov. 7, 2011] Cambodia’s Minister of Foreign Affairs and International Cooperation Hor Namhong said on Saturday that the territorial dispute in the South China Sea should be solved between China and the concerned countries by complying with the Declaration of Conduct o

[Nov. 4, 2011] Chinese leaders like to talk about their country’s "peaceful rise" - and Europe’s financial traumas are giving Beijing plenty of scope to assume the role of a benign new force on the world stage.President Hu Jintao has presented himself as a &qu

[Nov. 3, 2011] Shanghai. November 2. INTERFAX-CHINA - As cities in South China make do with sparse natural gas supplies, Jiaozuo, a coal-rich city in Henan Province, is primed to received more than enough supplies to meet demand during the next five years, an official w

[Nov. 3, 2011] In the run-up to this year’s East Asia Summit (EAS), the Philippines and Vietnam have sent a preemptive joint message: they are not willing to yield to rising Chinese pressure on unresolved South China Sea territorial issues.The new loose alliance between

[Nov. 3, 2011]  The trade of refined oil on Yunnan’s black market is worth nearly 100 million yuan (15.7 million U.S. dollars) in real market terms per annum, according to provincial industrial association for oil circulation. In October, Yunnan police busted

[Nov. 2, 2011] China has issued yet another warning to another oil company regarding oil and gas exploration activities in the disputed South China Sea -- this time directed at US oil major ExxonMobil."Any foreign company shall not engage in oil and gas activities

[Oct. 27, 2011] The Philippines and Vietnam on Wednesday signed agreements to expand non-military cooperation of their maritime forces in the South China Sea, avoiding formal military pacts on the disputed waters that could provoke protests from China.The two governments

[Oct. 24, 2011] More than 200 U.S. and Filipino marines staged an amphibious assault on a beach in a combat drill Sunday near a South China Sea shoal disputed by China and the Philippines.U.S. Marine Brig. Gen. Craig Timberlake said the exercise at a sprawling Philippine

[Oct. 18, 2011] Beijing on Monday warned other countries not to get involved in a long-running sovereignty dispute with its neighbors in the South China Sea, as official media warned India not to go ahead with an oil exploration deal with Vietnam.“The South China S

[Oct. 9, 2011] A recent opinion piece published by the Chinese Communist Party’s (CCP) mouthpiece calling for war in the South China Sea seemed strategically “unwise,” but was aimed at securing exploration of the area’s oil and gas resources, a v

[Sept. 26, 2011] India’s recent oil deals with Vietnam in South China Sea, a disputed territory, has created a "negative impact" in China and the issue needs to be handled with sensitivity in the interest of better relations between the two rising Asian powers,

[Sept. 26, 2011] Sanya: India’s recent oil deals with Vietnam in South China Sea, a disputed territory, has created a "negative impact" in China and the issue needs to be handled with sensitivity in the interest of better relations between the two rising Asian p

[Sept. 26, 2011] Guangdong Zhuhai Golden Bay LNG Ltd. (Zhuhai LNG), operator of Guangdong Province’s Zhuhai LNG terminal, has placed equipment orders valued at RMB 200 million ($31.32 million) with eight international companies, China National Offshore Oil Corp. (CNOOC),

[Sept. 23, 2011] India is being pulled into a complex and increasingly tense territorial dispute in the South China Sea, with China repeatedly warning ONGC, the Indian state oil company, that its joint exploration plans with Vietnam amount to a violation of Chinese sovere

[Sept. 22, 2011] A joint energy project between India and Vietnam in the South China Sea infringes on China’s territorial sovereignty, an official Chinese newspaper said on Thursday in the first reaction to the operation by China’s state media.The report in the People’s D

[Sept. 22, 2011] DELHI // Tensions are rising in the waters of the South China Sea where the competition for oil and regional dominance between India and China is entering a potentially dangerous phase.When India’s external affairs minister, SM Krishna, flew to Vietnam la

[Sept. 21, 2011] China dispatched a fishing enforcement ship to the disputed Paracel Islands, an agency under the country’s Farm Ministry said, in a move likely to fuel tension with rival claimant Vietnam, days before Dai Bingguo’s visit to Hanoi. Vietnam and China, along

[Sept. 21, 2011] Japan called for a stronger code of conduct to bind rival claimants to waters and islands in the strategically important South China Sea, its envoy to the Philippines said Tuesday.Japanese ambassador Toshinao Urabe said his government expects to tackle th

[Sept. 21, 2011] The Philippines is engaged in a muscle-flexing row with China over oil drilling in the South China Sea, writes Andy Higgins at the Washington Post. So are India and Vietnam, reports Ishaan Thardoor at Time, who wonders whether war is possible between Chin

[Sept. 20, 2011] Husky Energy Inc. said Monday it has decided to go ahead with its Liwan offshore natural gas project in the South China Sea.The Calgary-based company (TSX:HSE) is developing Liwan, 300 kilometres southeast of Hong Kong, alongside China National Offshore O

[Sept. 19, 2011] Sikorsky Aircraft Corp. and China Southern Airlines’ Zhuhai Helicopter Branch company held a signing ceremony today at the first China Helicopter Exposition in Tianjin for the purchase of two Sikorsky S-92® and one S-76® offshore utility helicopte

[Sept. 19, 2011] India’s move to expand its ties with Vietnam, and its influence in Asia, through an oil exploration project in the South China Sea has raised hackles in Beijing.According to the Times of India, an op-ed in China’s state-run Xinhua news agency warned India

[Sept. 16, 2011] China has warned Indian companies from entering into any deal with Vietnamese firms for exploring oil and gas in disputed parts of the South China Sea. The statement might give a new turn to its relationship with India, which has been asking China not to

[Sept. 16, 2011] China warned India and other countries about oil exploration projects in the disputed South China Sea and its islands, claiming its "indisputable sovereignty" over the area.The South China Sea has proven oil reserves of around 7.7 billion barrel

[Sept. 15, 2011] As trash landfills are nearing full capacity in China, one Hong Kong company is trying to solve the problem… converting plastic waste into valuable fuel.Echotech is a recycling company in Hong Kong that is running a prototype which processes three

[Sept. 14, 2011]  China Oilfield Services Limited’s (COSL) (601808, 2883.HK) subsidiary, CNOOC Gas and Power Group, will establish a joint venture with Zhuhai Port Power Energy for its sixth domestic natural gas power generation program, reports the 21st Centur

[Sept. 14, 2011] PetroChina’s Qinzhou refinery, its first major refining facility in southern China, ran at 91.3 percent of capacity in its first year of operation, a report on the website of China’s state-owned assets watchdog (www.sasac.gov.cn) showed on Tuesday.

[Sept. 13, 2011] Natural gas could soon fuel Macau’s public buses and support the new social housing projects, said energy regulator Arnaldo Santos.“The relevant department in the Transport Bureau has started providing training to their staff in order to prepa

[Sept. 13, 2011] It is reported that Zhuhai Port wholly controlled subsidiary, Zhuhai Port Power Energy Limited plans to set up a joint venture with a subsidiary of China National Offshore Oil Corp to develop combined heat and power generation in Zhuhai city. Zhuhai Port

[Aug. 26, 2011] CNOOC Ltd., the listed arm of China National Offshore Oil Corp., lowered its 2011 production target by 6.67 percent due to the shutdown of its Penglai 19-3 oilfield and a delay in its bid to purchase a stake in Argentina’s second largest oil and gas produ

[Aug. 24, 2011] Hong Kong & China Gas Co. (0003.HK), the city’s only piped-gas supplier, said Tuesday its first-half net profit rose 6.7% boosted by strong growth in its Hong Kong and China businesses. The company, known as Towngas, said net profit for the six months

[Aug. 24, 2011] Malaysian state energy firm Petronas said Tuesday it will embark on a 15 billion ringgit (S$6 billion) project to develop natural gas fields in the South China Sea off the country’s eastern coast.With the involvement of other "partners", the &qu

[Aug. 24, 2011] * Hang Seng gain 2 pct, Shanghai Composite up 1.5 pct* Oil giants lead gains on higher oil prices* Defensives remain popular in HK despite high valuations* Shanghai recovers from lowest close in 13 monthsHong Kong shares gained for a second session on Tue

[Aug. 22, 2011] Hong Kong-listed trader Brightoil Petroleum will move its first fuel oil arbitrage cargo from the West to East Asia, chartering a tanker to load 80,000 tonnes from the Caribbean at the end of August for delivery to Singapore in October, traders said on Mo

[Aug. 19, 2011] China National Offshore Oil Corp. (CNOOC), China’s third largest oil and gas producer, has signed Engineering, Procurement and Construction Contracts (EPC) with three engineering firms for liquefied natural gas (LNG) storage tanks at its LNG terminal on t

[Aug. 17, 2011] Despite having been granted the franchise to import and deliver natural gas in Macau in late 2006, Sinosky Energy was slammed by lawmaker Kwan Tsui Hang for still being unable to fulfil what it promised. Kwan  questioned the government as to why no c

[Aug. 17, 2011] Japan’s IHI Corp said on Tuesday that China’s CNOOC Hainan Gas Co has awarded its consortium with Taiwan’s CTCI and a Chinese design firm a contract for the engineering, procurement and construction work on a new LNG terminal in Hainan, southern China.The

[Aug. 12, 2011] A Kuwaiti-Chinese oil complex to be built in Zhanjiang in south China costs a total of USD nine billion, China’s ambassador in Kuwait said here Thursday.Interviewed by a Kuwaiti Oil Ministry magazine, Huang Jiemin hailed fruitful and constructive cooperat

[Aug. 11, 2011] Cathay Pacific Airways Ltd said on Wednesday that its first-half net profit dropped 59 percent year-on-year due to surging fuel costs. Separately, the airliner also said that it will acquire four Boeing 777-300 ER passenger aircraft and eight Beijing

[Aug. 10, 2011] China Offshore Oil Engineering Corporation (COOEC) signed a contract with SpecTec Asia Pacific East Ltd, SpecTec Group Hong Kong subsidiary.The contract is relevant to the supply of AMOS Maintenance and Procurement modules for six Offshore Support Vessels

[Aug. 8, 2011] Three Chinese oil companies denied recent media reports that they had bid for oil exploration contracts in the South China Sea from the Philippine government, People’s Daily reported.

[Aug. 8, 2011] China National Offshore Oil Corp or CNOOC, the parent company of CNOOC Ltd, on Aug. 2 announced that it has kicked off construction on a liquid natural gas project, which will cost RMB 6.5 billion, in Hainan Province.The LNG project will start production

[Aug. 5, 2011] "We’re the victims of these intrusions, so I think we had basis to be able to stand up and to be able to take a position on what is ours," del Rosario said.The Filipino government is also seeking support for its position from its fellow Associat

[Aug. 5, 2011] Shenzhen Gas Corp Ltd<601139>, which is principally engaged in city pipe gas business, petroleum gas wholesaling and business of petroleum gas in canisters, said that it will issue RMB 300 million in short-term bills with a maturity of 366 days on t

[Aug. 4, 2011] Rapidly expanding oil exploration looks likely to escalate territorial disputes in the South China Sea, which is suspected of containing vast oil and natural gas resources.A Philippine company, Philex Mining Corp., announced Tuesday that it plans to drill

[Aug. 3, 2011] The Philippines plans to auction off areas of the South China Sea for oil exploration despite worsening disputes with China over the territory, an official said Tuesday.Energy Undersecretary Jose Layug said several foreign firms, including China’s state-o

[Aug. 3, 2011] After appearing to make progress in cooling tensions over the South China Sea in recent weeks, Southeast Asia and China face the potential for more trouble ahead as oil and gas companies expand their exploration work in the contested waters.In the latest

[Aug. 3, 2011] The convergence a number of factors — the U.S. strategic shift and its interference in Asia as well as China’s rapid development and the conflicting interests of some countries — is complicating the issue of the South China Sea Three key piece

[Aug. 3, 2011] China National Offshore Oil Corp. (CNOOC), the country’s third largest oil and gas producer, has begun construction of a liquefied natural gas (LNG) terminal for LNG imports in south China’s island province of Hainan, the firm announced Aug. 2.

[Aug. 2, 2011] Natural gas consumption in South China’s island province of Hainan is expected surge by 40 percent year-on-year in 2011 to 5.12 billion cubic meters (bcm), the provincial government forecast July 31

[Aug. 2, 2011] China Sinochem Corp, the leading chemical products supplier in China, has obtained approval from China’s Ministry of Environmental Protection, the country’s environmental watchdog, to build a 12-million-metric-ton-per-year refinery on China’s southeast co

[Aug. 1, 2011] Research and Markets (http://www.researchandmarkets.com/research/5319c8/hong_kong_oil_and) has announced the addition of the "Hong Kong Oil and Gas Report Q3 2011" report to their offering.“Hong Kong Oil and Gas Report Q3 2011”.The H

[Jul. 29, 2011] More than 30 minibuses and taxies crowded around the Wan Chai Ferry Pier in the middle of a hot afternoon Thursday to complain about long-waiting times for refueling at liquid petroleum gas (LPG) outlets. The drivers also demanded to be permitted to

[Jul. 29, 2011] PanelPoint Sdn Bhd, a local entity withvast experience in the oil and gas industry, today signed a memorandum ofunderstanding (MoU) with six local and foreign organisations to spearhead the US$100 billion Trans-Asian Oil and Gas Pipeline (TAOG) project to

[Jul. 27, 2011] The second phase of China’s national strategic oil reserve project is under construction, with eight reserve sites, the 21st Century Business Herald reported Tuesday.The sites are located in Zhanjiang and Huizhou, Guangdong Province; Lanzhou, Gansu Provin

[Jul. 24, 2011] U.S. Secretary of State Hillary Clinton said “the rest of the world needs to weigh in” on resolving disputes over the South China Sea, where confrontation threatens to disrupt one of the world’s busiest shipping lanes. There has been an

[Apr. 1, 2011] People in Newocean Energy Holdings Ltd

[Mar. 31, 2011] Commercial fuel oil inventories of major oil terminals in South China added up to 1.84-1.86-mil mt up till Mar 30, inching down 20,000mt from a week ago, 570,000mt higher than one year earlier, C1’s research showed. The volume accounted for 67% of the total storage capacity of the terminals.

[Mar. 24, 2011] Forum Energy Plc of the UK has completed a seismic survey over an exploration area in South China Sea that touched off a diplomatic row between the Philippines and China early this month.

[Mar. 21, 2011] State-run Kuwait Petroleum Corp (KPC) has signed a joint venture deal worth around $9 billion to build an oil refinery and petrochemical plant in southern China, Kuwait’s state news agency said on Wednesday.

[Mar. 21, 2011] Saudi Aramco and China National Petroleum Corp. agreed to build a 200,000 barrel-a-day refinery in southern China as producers seek to meet rising fuel demand in the world’s fastest-growing major economy.

[Mar. 21, 2011] Saudi Aramco and China National Petroleum Corp. (CNPC) have agreed to build a 200,000 barrel-a-day refinery in southern China.The Saudi oil giant said in a written statement on Sunday that its subsidiary Aramco Overseas Company (AOC) signed a memorandum of understanding on March 17 with CNPC subsidiary PetroChina Co. Ltd. to build a 10-million metric tons per annum “grassroots full conversion refinery” in Yunnan province.

[Mar. 18, 2011] NewOcean Green Energy Holdings Limited announced that the Directors have recommended a final dividend of HKD0.01 per share (2009: HKD0.01 per share) to be paid to shareholders on the register of members on June 7, 2011. Subject to the shareholders’ approval at the forthcoming annual general meeting to be held on June 13, 2010, the final dividend will be paid on or about June 30, 2011.

[Mar. 16, 2011] China Petroleum & Chemical Corp. (386)’s refinery in southern Hainan province will raise oil processing by 3 percent this month to boost gasoline supplies in the domestic market, a company official said.

[Mar. 16, 2011] South China is estimated to import 240,000-270,000mt of fuel oil in March, down 23% from C1’s estimation for the previous month, 50% less than the same period last year, C1 forecast.

[Mar. 4, 2011] Yisheng Petrochemicals’ new 2 mln tpa plant in Hainan is expected to start up as planned by end 2012. The Chinese has completed its machinery purchases for the new plant, as per Platts.

[Jan. 12, 2011] A subway carriage in Guangzhou, South China’s Guangdong province caught fire Monday evening, with no casualties reported, the Guangzhou-based Xinkuaibao reported on Tuesday.The blaze erupted about 10:30 pm and was under control in minutes.

[Jan. 12, 2011] HONG KONG -- Sentry Petroleum Ltd (OTCBB: SPLM | PowerRating) today announced it has opened a corporate office in Hong Kong as the next step in its strategy to drill, certify and sell its Queensland assets overseas.

[Jan. 12, 2011] Shanghai－－PetroChina plans to transport by barge a combined 1.62-mil mt of gasoline and gasoil from Northeast China to southern China in January, flat with the previous month, C1’s survey found.The supply of gasoline is 702,000mt, slightly down 0.4% on month, while gasoil up 2.2% to 925,000mt.

[Jan. 11, 2011] Shanghai－－Taiwan CPC canceled its latest sell tender for pressurized LPG due to low buying interest of buyers, trades said.CPC issued the tender on Jan 6 to offer 1,500-2,000mt of pressurized LPG at 30:70 ratio for Jan 21-30 loading at Kaohsiung port.

[Jan. 11, 2011] Shanghai－－Refineries in South China are estimated to supply 140,000mt of fuel oil in January, sharply down 18% from the previous month, C1’s survey found.The commodity output comprises of 40,000mt of slurry, 38,000mt of bituminous feedstock, which was residue sold under the name of bitumen, 27,500mt of high-sulfur residue, 23,000mt of low-sulfur residue, 3,000mt of heavy carbon and 7,500mt of ethylene tar.

[Jan. 10, 2011] China Knowledge reported that China Ministry of Environmental Protection said it plans to approve the application of PetroChina Co the country largest oil producer to build a crude oil processing joint venture in Guangdong Province with Petroleos de Venezuela.

[Jan. 10, 2011] Taiwan’s crude oil imports in November surged 40.8% year on year to 29.1 million barrels in November of last year, the island’s Bureau of Energy said in a statement.Crude oil imports in November grew 27.6% month on month and were the highest level since last July when the island’s crude oil imports reached 33 million barrels.

[Jan. 10, 2011] Shanghai－－The theoretical fuel oil import margin for South China-based importers worsened in early January, due to larger price gains in Singapore, C1 found. Based on related prices on Jan 6, the margin was minus Yuan 703/mt, versus minus Yuan 640/mt on Dec 17, C1’s assessment shows.

[Jan. 10, 2011] Shanghai－－South China’s Guangzhou and Shenzhen cities are expected to lift retail prices of GB IV gasoline from Jan 8, said sources with state-owned oil giants.The prices of 93-Ron gasoline will rise by Yuan 0.16/liter to Yuan 7.21/liter (Yuan 9,535/mt) and 97-Ron gasoline will up Yuan 0.18/liter to Yuan 7.81/liter (Yuan 10,074/mt), according to the sources.

[Jan. 10, 2011] Shanghai－－Taiwan CPC issued a tender Thursday to sell 1,500-2,000mt of pressurized LPG at 30:70 ratio for Jan 21-30 loading at Kaohsiung port, traders said. Bids due 13:00 of Jan 7, with validity till 21:00 of the same day. 

[Jan. 7, 2011] BEIJING - China Petroleum and Chemical Corp (0386.HK: Quote)(600028.SS: Quote) plans to increase fuel supplies to south China’s Guizhou, Hunan and Chongqing in January by 23.5 percent from a year earlier to help restore transportation that was snarled by icy rains and snow.

[Jan. 7, 2011] China Petroleum & Chemical Corp. will increase fuel supplies to the south of the country where cold weather has disrupted transportation, parent China Petrochemical Corp. said.Sinopec, as China Petroleum is known, will increase fuel supplies to Guizhou, Hunan and Chongqing by 23.5 percent this month compared with a year earlier, the parent said in its newsletter.

[Jan. 7, 2011] China has given initial environmental clearance to an $8.7 billion joint-venture refinery between PetroChina Co Ltd and Venezuela’s state oil company Petroleos de Venezuela SA (PDVSA).The refinery, to be located in Jieyang in the southern province of Guangdong, would have a crude refining capacity of 400,000 barrels per day, according to the website of China’s environmental watchdog, the Ministry of Environmental Protection.

[Jan. 7, 2011] CHINA’S environmental ministry has given the green light to a US$8.7 billion joint venture refinery by PetroChina Co and Venezuela’s state oil company Petroleos de Venezuela SA in south China’s Guangdong Province.The Jieyang-based refinery project will be capable of processing 20 million tons of heavy oil annually, equivalent to around 400,000 barrels per day, according to the Ministry of Environmental Protection.

[Jan. 6, 2011] Shanghai－－Minor refineries in South China’s Guangdong Province suffered from negative refining margins as prices of feedstock rose, C1’s survey found.The margin was minus Yuan 10/mt on average in theory Wednesday, versus Yuan 40/mt one week ago and minus Yuan 251/mt a year earlier, C1 estimated.

[Jan. 4, 2011] Shanghai－－South China saw fewer inflows of LPG from northern regions as the Hunan section of Jingzhu Expressway, a major speedway linking Hunan and Guangdong provinces, froze on cold snap, C1’s survey found.Sentiment in South China LPG market became bullish from Jan 3, according to local distributors, which mostly stayed on the sidelines during end 2010.

[Jan. 4, 2011] Shanghai－－Longkou Mining Group is expected to expand annual production capacity of its shale oil project from the current 60,000mt to 120,000mt by March 2011, a company source told C1.The company’s shale oil was well received by oil blenders in East China, the source said.

[Jan. 4, 2011] Reuters reported that China third largest oil company China National Offshore Oil Corp tentatively plans to shut down its 240,000 barrel per day Huizhou refinery in the second half of next year for maintenance.The source said repairs may take about a month, adding that as a result, the refinery would process about 204,000 barrel per day of crude in 2011 less than the 220,000 barrel per day processed this year.

[Dec. 31, 2010] Shanghai－－Sinopec Guangzhou Petrochemical is scheduled to refine 1.05-mil mt of crude in January 2011, with daily throughput up 8% from the previous month, a refinery source told C1.The refinery would start turnarounds of some units by turns from Feb 10, which might last for two months, as C1 reported earlier. The units included a 5.2-mil-mt/yr crude distillate unit, a 1.5-mil-mt/yr fluid catalytic unit, a 1.8-mil-mt/yr hydro-refining unit and a 1-mil-mt/yr delayed coker.

[Dec. 31, 2010] Shanghai－－South China is estimated to import 380,000-420,000mt of fuel oil in December, up 18% from C1’s estimation for November imports, 8% lower than a year earlier, C1 forecast.Although mixed/cracked fuel oil demand from end-users was cooling down as the yearend drew near, demand for straight-run fuel oil from Guangdong minor refineries picked up on positive refining margins, industry sources denoted.

[Dec. 30, 2010] Shanghai－－Although petrol stations in South China’s Guangzhou and Shenzhen cities would formally start to supply GB IV vehicle-use gasoline from Jan 1, 2011, retail prices of the product were yet to be fixed, C1’s survey found.Sinopec recently took the lead to apply for raising gasoline retail ceiling prices by Yuan 200/mt in Guangzhou and Shenzhen from January 2011, but the Guangdong municipal government declined the proposal out of inflation concerns, said a source with Sinopec.

[Dec. 29, 2010] Shanghai－－Shenzhen Sino-Benny ranked as China’s top LPG importer in 2010, importing nearly 510,000mt, C1’s data showed.Stable demand from Shenzhen Gas Group and development of re-export business supported Shenzhen Sino-Benny’s LPG imports.

[Dec. 29, 2010] Shanghai－－Zhanjiang Customs recorded 2.27-mil mt of crude imports in November, sharply up 89.19% from the same period last year, according to data released by the General Administration of Customs.The customs saw crude imports surge, because PetroChina’s 10-mil-mt/yr Qinzhou refinery in nearby Guangxi region had small crude jetty, market sources denoted.

[Dec. 29, 2010] Shanghai－－The Shenzhen Nanshan Power (NSRD) is scheduled to offer about 32,000mt of fuel oil in total from storages of subsidiary three oil-fired gas turbine power plants in the near term, revealed a company source.The three power plants shifted to burn natural gas in the second quarter of this year in response to the government’s call and they had sufficient fuel supply since then, the source said.

[Dec. 29, 2010] A newly constructed VLCC-size oil terminal in Zhanjiang port, one of the largest in South China, was put into operation yesterday, the same day as the largest coal terminal in the region able to receive 150,000dwt vessels was also inaugurated at the port.

[Dec. 28, 2010] C1 Energy (Shanghai) – Dec 27, 2010 －－－South China’s Guangdong Province was the largest LPG consumer in China in 2010, consuming 5.58-mil mt, accounting for 23.37% of the total, C1’s data showed.The province is highly developed with dense population in China, which explained the top rank. Guangzhou, the capital city of Guangdong, is the pilot to spread use of automotive LPG.

[Dec. 28, 2010] Shanghai－－Sinopec Dongxing Refinery is scheduled to process 420,000mt of crude in January, nearly unchanged on month, according to a refinery source.The refinery set crude throughput target for the whole year of 2011 at 4.85-mil mt thanks to no turnaround plan, the source said.

[Dec. 27, 2010] Shanghai－－PetroChina Guangxi Petrochemical is expected to take over LPG sales business of Qinzhou Dongyou Refinery in 2011, a source with the latter refinery told C1.Handover was underway at the moment, the source said.It will be a step forward for PetroChina to consolidate LPG wholesale business in Southwest China, market sources denoted.

[Dec. 27, 2010] Shanghai－－PetroChina Qinzhou refinery is slated to process 800,000mt of crude in January 2011, up about 50,000mt or 7% from the previous month, according to a refinery source.Qinzhou refinery started commercial operation this August and recorded 600,000mt of crude throughput in the following month, C1’s record showed. It boosted crude consumption to 700,000-750,000mt since October.

[Dec. 24, 2010] Manila: China said it will lead in resolving the disputed claims on Spratly Islands off the South China Sea, adding that a third party like the United States should no longer participate in solving the problem, a local paper said.The involvement of a third-party in the Spratlys issue will only "result [in the] complication of the issue," Liu Jianchao, Chinese ambassador to the Philippines told the Manila Times.

[Dec. 24, 2010] China Shipping Development (600026, 1138.HK) and its wholly-owned subsidiary, China Shipping (HK) Marine, ordered $351 million worth of new ships from Dalian Shipbuilding Industry and China Shipbuilding and Offshore International, reports China Securities Journal, citing a company filing.

[Dec. 23, 2010] Guangzho -- Diesel shortage hitting southern China mainlandStatistics in early November, from China General Chamber of Commerce, shows that over 2,000 private-owned gas stations shut down due to serious shortage of diesel supply in most southern China areas, some better-developed provinces like Guangdong, Jiangsu, Zhejiang are the harder-hit areas. Till mid-November, the shortage situation is still haunting around these areas and tends to spread into other large cities, like Beijing, Shanghai, Chongqing, etc.

[Dec. 23, 2010] Shanghai－－Commercial fuel oil inventories of major oil terminals in South China hit historic-high 1.74-1.76-mil mt up till Dec 22, up 60,000mt from one week ago, sharply up 320,000mt compared with one year earlier, C1’s survey showed.

[Dec. 23, 2010] Shanghai－－Sinopec lifted ex-refinery prices of oil products by Yuan 300-310/mt Wednesday, in tandem with the government’s hikes in benchmark prices, according to sources with subsidiary refineries of the oil major.After the increases, ex-refinery prices of gasoline, gasoil and jet reaches Yuan 7,630/mt, Yuan 6,880/mt and Yuan 5,890/mt, respectively.

[Dec. 23, 2010] China is said to build a national strategic oil reserve base with capacity of five million tonnes in Huizhou, guangdong province, reports yicai.com, citing an informed source.The base may import crude oil from the Middle East and Africa.China National Offshore Oil Corporation is said to be involved in the construction and operation of the base. Construction of the base is estimated to take 40 months.

[Dec. 22, 2010] China is said to build a national strategic oil reserve base with capacity of five million tons in Huizhou, Guangdong province, reports yicai.com, citing an informed source.The base may import crude oil from the Middle East and Africa.China National Offshore Oil Corporation is said to be involved in the construction and operation of the base. Construction of the base is estimated to take 40 months.

[Dec. 22, 2010] Shanghai－－Taiwan’s Formosa Petrochemical Corporation canceled its latest sell tender for pressurized LPG late Tuesday probably due to no bids, traders said.FPCC issued the tender Monday to offer 1,500-2,000mt of pressurized LPG at 20:80 or 30:70 ratio for Jan 16-31 loading at Mailiao. The tender closed at 13:30 Tuesday.

[Dec. 21, 2010] Shanghai－－Fuel oil import margins for South China-based importers were still deep in negative territory, although spot fuel oil prices edged up in the local market, C1’s survey found.The margin was minus Yuan 640/mt on average on paper on Dec 17, versus minus Yuan 650/mt two weeks ago, C1 estimated.

[Dec. 21, 2010] Shangha i－－Sinopec Guangzhou Petrochemical has recently started to construct a 2-mil-mt/yr gasoil hydrorefining unit, expected to be complete at the end of 2011, a refinery source told C1.With the unit on stream, the refinery is capable of producing GB IV gasoil, according to the source.

[Dec. 21, 2010] Shanghai －－Taiwan’s Formosa Petrochemical Corporation issued a tender Monday to offer 1,500-2,000mt of pressurized LPG at 20:80 or 30:70 ratio for Jan 16-31 loading at Mailiao, traders said. Bids due 13:30 of Dec 21, with validity till 18:00 of the same day.

[Dec. 21, 2010] Hong Kong’s Civil Aviation Department said yesterday that it had approved an increase in passenger fuel surcharges levied by All Nippon Airways, Cathay Pacific and Singapore Airlines, which would take effect in January 2011.The new maximum levels of fuel surcharges will be HK$129 (US$13.92) for short-haul flights and HK$621 for long-haul flights, up 8 percent and 10 percent, respectively.

[Dec. 17, 2010] CNOOC Limited announced on Wednesday a deepwater gas discovery off the Chinese coast.The exploration well is in Qiongdongnan Basin in the South China Sea, 130 km offshore at a depth of 1,338 metres.

[Dec. 16, 2010] Shanghai－－Shenzhen City in South China’s Guangdong Province is expected to spread use of GB IV automotive gasoline from Jan 1, 2011, C1’s survey found.All petrol stations in Shenzhen would start to supply GB IV vehicle-use gasoline from Jan 1, but retail prices are yet to be unfixed, according to sources with Sinopec’s and PetroChina’s sales branches in Shenzhen

[Dec. 16, 2010] Shanghai－－South China is estimated to import 250,000-300,000mt of fuel oil in December, sharply down 31% from C1’s estimation for November imports, 37% lower than a year earlier, C1 forecast.Importers ascribed the estimated sharp drop to slack demand for bonded bunker in Hong Kong as the yearend was approaching.

[Dec. 16, 2010] Shanghai－－PetroChina plans to transport by barge a combined 1.61-mil mt of gasoline and gasoil from Northeast China to southern China in December, up 2% from the previous month, C1’s survey found.The supply of gasoline is 705,000mt, up 1.4% on month, and gasoil increased 2.4% to 905,000mt.

[Dec. 16, 2010] Shanghai－－Shantou Deyuan Gas & Chemical Development is expected to put 7,500-cu-m LPG tank farm into operation in Shantou City in February 2011, a company source told C1.Shantou Deyuan is a LPG depot in South China’s Guangdong Province, estimated to purchase nearly 220,000mt of LPG by barge in 2010. It owns 3,000-cu-m LPG tanks currently.

[Dec. 13, 2010] Shanghai－－BP Fujian won the right to buy Quanzhou LPG at an auction held by the Quanzhou Property Rights Exchange Center on Dec 9, C1’s survey found.BP Fujian would keep business of Quanzhou LPG unchanged in the near term and continue to purchase LPG from nearby refineries, according to a company source

[Dec. 13, 2010] Shanghai－－Sinopec (Hong Kong) sold 6,000mt of pressurized LPG for January loading at Zhuhai port via a tender, but price and buyer were unknown yet, traders said Friday. The tender was issued early this week, with validity till late Thursday.

[Dec. 10, 2010] According to SZ China LPG Reports, South China LPG market continued to go up Friday, with truck prices higher at Yuan 6,300-7,200/mt. East China LPG market held stable to slip aside Friday, with truck prices lower at Yuan 5,810-6,370/mt.

[Dec. 10, 2010] hanghai－－Minor refineries in South China’s Guangdong Province ran at 16% on average Thursday, down 1 percentage point from one week ago, 2 percentage points higher than a year earlier, C1’s survey found.Two refineries lowered operation rates in the past week as refining margins dropped on higher feedstock costs against stable product prices, according to refinery sources.

[Dec. 9, 2010] Shanghai－－Commercial fuel oil inventories of major oil terminals in South China totaled 1.65-1.67-mil mt up till Dec 8, slightly down 20,000mt from one week ago, up 160,000mt compared with one year earlier, C1’s survey showed. The volume accounted for 66% of the total storage capacity of the terminals.

[Dec. 9, 2010] Shanghai－－Sinopec Guangzhou Petrochemical is scheduled to consume 970,000mt of crude in December, down 30,000mt or 3% from one month earlier, a refinery source said.The refinery would revamp 5.2-mil-mt/yr crude distillate unit, 1.5-mil-mt/yr fluid catalytic cracker, 1.8-mil-mt/yr hydro-refining unit and 1-mil-mt/yr delayed coker one by one from Feb 10, 2011, the source revealed, adding duration would be two months.

[Dec. 9, 2010] In tandem with a number of massive projects underway, Jieyang is heating up as a destination for investors from both home and abroad.The city signed 526 investment agreements in first 11 months of 2010 worth more than 100 billion yuan, according to a senior official.

[Dec. 9, 2010] Husky Energy, the Canadian oil firm controlled by tycoon Li Ka-shing, has clinched a deal with China National Offshore Oil Corporation, to develop the Liwan 3-1 gas field in the South China Sea.Toronto-listed Husky discovered natural gas at two sites including Liwan 3-1, which has more than 100 billion cubic meters of gas, according to government estimates.

[Dec. 8, 2010] (Shanghai) －－Dalian Wepec is expected to suspend LPG production in February 2011 when it would go into month-long overhaul, a refinery source told C1.The refinery would supply LPG from storage during the once-every-four-year turnaround period, the source said.

[Dec. 8, 2010] (Shanghai)－－Sinopec plans to export a combined 153,000mt of distillates produced by subsidiary refineries in South China in December, up 32,000mt or 26% from the previous month, according to refinery sources.Gasoline exports are 50,000mt, surging 96% on month; gasoil exports plunge 47% to 15,000mt, the sources revealed.

[Dec. 8, 2010] (Shanghai) －－Refineries in South China are estimated to supply a combined 170,000mt of fuel oil in December, sharply down 19% from the previous month, C1’s survey found.

[Dec. 8, 2010] BEIJING -- Shaanxi Yanchang Petroleum Group, China’s fourth largest oil and gas producer, has set up a subsidiary in Hong Kong as a platform to boost the company’s overseas oil and gas business, China5e.com, an energy portal website, reported on Tuesday.

[Dec. 8, 2010] Sino Union Petroleum & Chemical International Ltd<0346>, which is engaged in the trading of polyurethane materials, fuel oil and natural gas, said today that its second-largest shareholder, Shaanxi Yanchang Petroleum (Group) Co Ltd, has set up a fully-owned subsidiary in Hong Kong as its flagship investment arm in the overseas market.

[Dec. 7, 2010] C1 Energy (Shanghai) －－Fujian Refining & Petrochemical plans to refine 900,000mt of crude in December, stable from one month earlier, said a refinery source.The refinery arranges to have one-month maintenance on its old 4-mil-mt/yr crude distillate unit in 2011, but the exact date was unfixed yet, the source revealed.

[Dec. 7, 2010] C1 Energy (Shanghai) －－Thinsoft (Holdings) is expected to officially take over Foshan Ruifeng Petrochemical Fuel in January 2011, with handover still underway now, according to a refinery source.The main management of Foshan Ruifeng Petrochemical would be retained and its business would be unchanged in the near future, the source said.

[Dec. 3, 2010] Fujian Refining & Petrochemical hiked its daily LPG supply to 1,200mt on Dec 2, sharply up 60% from 750mt, a refinery source told C1, adding the duration was unknown yet.The sudden increase was due to "material balance", the source explained without revealing more details.

[Dec. 1, 2010] South China is estimated to import 300,000-350,000mt of fuel oil in November, up 33% from the previous month, down 10% compared to a year earlier, C1’s estimation showed.The likely increase was mainly due to arrivals of straight-run fuel oil cargoes as minor refineries showed more buying interest on surges in gasoil prices.

[Nov. 30, 2010] China National Radio reported today without citing anyone that Chinese provinces including Guangdong, Jiangsu and Henan halted plans to increase natural gas costs after the government called for stable prices.As per report, Hebei province won’t raise gas prices this year while Anhui will refrain from increasing heating, water, gas and public transportation costs before the end of March next year.

[Nov. 30, 2010] Taipei-- Petrochemical companies in Taiwan hope to expand their presence in China because of the barriers they have faced domestically in developing their businesses, the head of a local petrochemical association said Monday.Preston Chen, chairman of the Petrochemical Industry Association of Taiwan, said at the 2010 Cross-Strait Petrochemical Technology and Trade Conference in Taipei that he hoped that petrochemical companies in Taiwan and China could complement each other.

[Nov. 29, 2010] China Daily citing Mr Yang Hua CEO of China biggest offshore energy explorer as saying that CNOOC Ltd and BP Plc are in talks on a production-sharing agreement in the South China Sea.He said that "We are talking about it."Mr Yang Hua said after a media briefing in Hong Kong recently without giving details or saying if the parent company, or its listed unit, were involved in the negotiations.

[Nov. 26, 2010] Minor refineries in South China’s Guangdong Province ran at 17% on average Thursday, up 4 percentage points from one week ago, down 5 percentage points from a year earlier, C1’s survey found.

[Nov. 24, 2010] Commercial fuel oil inventories of major oil terminals in South China added up to 1.68-1.7-mil mt up till Nov 24, hitting the highest level in history, C1’s survey found.

[Nov. 24, 2010] PetroChina Qinzhou refinery plans to process 700,000-750,000mt of crude in December, little changed from November, C1 learned from a source with the refinery.Based on this throughput, Qinzhou refinery will run at 90% of capacity, flat on a monthly comparison.

[Nov. 23, 2010] Sinopec Dongxing Refinery has halted LPG barge sale since last weekend on glitch of a loading arm and might not resume supply until this weekend, said a refinery source.The refinery recorded high LPG inventory currently, although it slashed LPG price to promote truck sale.

[Nov. 23, 2010] Two privately-owned petrochemical companies based in South China’s Guangxi kicked off construction of two base oil units recently. After completion of the project, base oil production capacity in South China would be boosted by 350,000mt/yr or 29% to 1.55

[Nov. 23, 2010] South China’s Hainan Province became the first province in China with B5 biogasoil available, C1’s survey found.Twelve petrol stations affiliated to Sinopec in Hainan have recently started to offer B5 biogasoil, selling price of which was Yuan 6.53 per liter.

[Nov. 23, 2010] Biodiesel has been sold by Sinopec in its 12 gas stations in Hainan Province in early November, which marks the first use of biodiesel in auto industry, China NewsService (CNS) reported Sunday.The biodiesel is produced by new energy investment subsidiary of China National Offshore Oil Corporation (CNOOC) according to Hannan’s provincial standard - the B5 biodiesel blended fuel standard. It has also applied to be the national standard to the Standardization Administration of China recently.CNOOC’s investment subsidiary has established a plant with an annual yielding capacity of 60,000 tons of biodiesel oil in Dongfang in Hainan Province, and a cultivation base of Jatropha curcas in Danzhou in Hainan Province.

[Nov. 22, 2010] China Guodian Corporation signed agreements with Hainan Government to invest 20 billion yuan in Hainan by the end of the 12th Five-Year Period, reports Xinhua.

[Nov. 19, 2010] Shanghai - China’s southern island province of Hainan began selling biodiesel earlier this month, local state media reported Nov. 18.

[Nov. 19, 2010] CNOOC’s New Energy Investment Company h as put its 60,000-metric ton (tonne)/year bio-diesel project into oper ation in south China’s Hainan province and the production has been used in fuelling the local vehicles, the first in China to put bio-diesel into vehicle use.

[Nov. 17, 2010] Sinopec Yangzi Petrochemical is expected to increase annual crude processing capacity from the current 8-mil mt to 12.5-mil mt during China’s Twelfth Five-Year Plan (2011-2015), according to a refinery source.The refinery would build an 8-mil-mt/yr crude distillate unit while eliminating a 3.5-mil-mt/yr aged one during the period, the source revealed.

[Nov. 17, 2010] South China is estimated to import 380,000-420,000mt of fuel oil in November, up 7% from C1’s estimation for October imports, up 10% compared to a year earlier, C1 forecast.The region saw more imports of straight-run fuel oil as demand from minor refinery

[Nov. 17, 2010] CNOOC has recently kicked off construction of a 2-mil-mt/yr deep catalytic cracking project in Hainan Province in South China, expected to come on stream in December 2012, a source close to the project told C1.The project might be designed to use heavy.

[Nov. 17, 2010] South China was the second largest gasoil producer for the second consecutive month in October, producing 2.3-mil mt, sharply up 29.86% from a year earlier, showed data released by the National Bureau of Statistics.The region saw crude throughput surge after PetroChina brought on stream 10-mil-mt/yr Qinzhou refinery in September.

[Nov. 16, 2010] Reuters reported that Towngas China Co Ltd parent Hong Kong & China Gas Co Ltd has agreed to take a 10.2% stake from Enerchina Holdings Ltd for HKD 907.5 million or HKD 3.63 per share.HK&CG stake will increase to 66.49% from 56.28%.

[Nov. 16, 2010] China National Offshore Oil Corp or CNOOC, the parent company of CNOOC Ltd<0883><CEO>, has kicked off construction on a petrochemical refinery that will cost about RMB 8.33 billion in Dongfang Industrial Park, Hainan Province.

[Nov. 16, 2010] CNOOC, China’s largest oil and gas producer, began construction of a new petrochemical refinery in southern China’s island province of Hainan, Xinhua reported.The industrial park in Dongfang City is scheduled to begin production of liquid-gas and chemical using petroleum from the South China Sea in December 2012, the company said.

[Nov. 15, 2010] China National Offshore Oil Corp. (CNOOC) began construction of a new petrochemical refinery in southern China’s island province of Hainan Sunday.

[Nov. 12, 2010] Zhuhai Baota Petrochemical is expected to produce about 200mt of LPG per day after bringing on stream its Phase II project in mid-November, a refinery source told C1.The product would be supplied to Zhuhai City and nearby areas.

[Nov. 12, 2010] PetrChina’s 20-mil-mt/yr oil refining project in Jieyang City of South China’s Guangdong Province has recently passed environmental assessment and was now pending approval from the National Development & Reform Commission.

[Nov. 11, 2010] Minor refineries in South China’s Guangdong Province ran at 15% on average Thursday, down 5 percentage points from one week ago, down 2 percentage points from a year earlier.One of the refineries halted production on Nov 10 after running out of feedstock, the mainly reason leading to the on week drop.

[Nov. 11, 2010] Minor refineries in South China’s Guangdong Province could reap more refining margins as prices of their products kept rising.The margin was Yuan 247/mt on average in theory Wednesday, up Yuan 96/mt from one week ago, versus minus Yuan 177/mt a year earlier,

[Nov. 11, 2010] China Petroleum and Chemical Corp. (Sinopec, SNP.NYSE; 600028.SH; 0386.HK), China’s largest oil refiner, is to launch its flagship Maoming refinery’s expansion project at the end of November, C1 Energy, an energy market consultant, said Wednesday.

[Nov. 11, 2010] Taiwan, the third-biggest importer of liquefied natural gas in Asia, imported 1.08 million tons of liquefied natural gas in September, up 29% from 843,311 tons a year earlier, according to data from Taiwan’s Bureau of Energy.

[Nov. 11, 2010] China National Offshore Oil Corp. (CNOOC), China’s third largest oil producer, plans to invest $50 billion in deepwater exploration and production in the South China Sea by 2020 in order to boost its annual oil equivalent output in the region to 50 million tons, a senior company executive said at a conference held in Shanghai on Nov. 9.

[Nov. 10, 2010] Sinopec Maoming Petrochemical will begin construction of a 12-mil-mt/yr crude distillate unit at the end of November, according to a source with the refinery. This project has passed the environmental evaluation by the Ministry of Environmental Protection of the PRC

[Nov. 10, 2010] China BlueChemical, a joint venture between CNOOC and Kingboard Chemical will start up its second methanol plant, adjoining the first plant, by end of this year.

[Nov. 9, 2010] Refineries subsidiary to Sinopec in South China are expected to raise gasoil output by 143,000mt in total in November to mitigate supply tightness, according to refinery sources.The increment accounted for 9% of the normal monthly gasoil yield of the refineries.

[Nov. 9, 2010] Refineries affiliated to PetroChina are estimated to refine 12.01-mil mt of crude in November, with daily throughput hitting record-high 400,333mt, up 2.1% on month, C1’s survey found.Qinzhou refinery and Qingyang Petrochemical would

[Nov. 8, 2010] Refineries in South China are estimated to supply a combined 209,500mt of fuel oil in November, sharply up 21% from the previous month, C1’s survey found.The commodity output comprises of 49,500mt of slurry, 52,000mt of bituminous feedstock

[Nov. 8, 2010] LPG wholesale prices kept rising in South China in November, in line with price increases in international market, approaching the ceiling set by the government, C1’s survey found.LPG ex-refinery prices of major refineries in South China were Yuan

[Nov. 3, 2010] Petrol stations in Guangzhou City in South China’s Guangdong Province are estimated to sell 10% less gasoline and gasoil after the odd-even traffic restrictions took effect on Nov 1, C1’s survey found.