[Oct. 28, 2011] Beijing. October 26. INTERFAX-CHINA - Tibet Autonomous Region's first natural gas distribution terminal went on-line Oct. 26 in the regional capital of Lhasa, China National Petroleum Corp. (CNPC), ow...
[Sept. 23, 2011] A China National Petroleum Corp. (CNPC) underground gas storage (UGS) facility in southwestern China's Chongqing Municipality is expected to begin operations by June 2012, state media reported Sept 23...
[Sept. 27, 2011] CHENGDU, China- China’s CNOOC, the country’s largest LNG player, has little appetite for spot imports of liquefied natural gas for this winter, as a jump in Japanese demand following the March tsunami has tightened near-term supply and led to a surge in freight costs, a company official said on Monday.
[Sept. 20, 2011] The newly started-up Yuanba gas field in the southwest by China Petroleum & Chemical Corp, or Sinopec Corp, has proven gas reserves of 159.25 Bcm (5.62 Tcf) covering an area of 155.33 sq km, according to a report on Monday by the official Xinhua news
[Aug. 18, 2011] PetroChina has commenced construction of refining units to process the crude with a high sulfur content at its Qinzhou plant in Guangxi province.The addition of new units is estimated to cost around CNY7bn ($1.1bn).The company is installing new units incl
[Aug. 17, 2011] China’s Sinopec Corp plans to build 3.4 billion cubic metres of natural gas processing capacity by 2015 at the new Yuanba field in the country’s southwest, about one-third short of an earlier target.China Petrochemical News, the state energy firm’s in-hou
[Jul. 15, 2011] Chongqing Energy Investment Group (Chongqing Energy) plans to establish a joint venture (JV) with the Chongqing Institute of Geology and Mineral Resources (CIGMR) to pursue shale gas development, the Chongqing municipal government announced July 11.
[Apr. 13, 2011] Sinopec is expected to transmit a combined 716,000mt of gasoil and gasoline to Southwest China’s Guangxi, Guizhou and Yunnan via its Southwest Oil Product Pipeline in April, down 3.2% from the previous month, revealed a source with pipeline department of the oil giant.
Gasoil allocation was 560,000mt, down 5% on month, while gasoline up 4% to 156,000mt, according to the source.
[Apr. 13, 2011] China should consider establishing strategic reserves of natural gas, because of the nation’s growing appetite for the fuel and a burgeoning dependence on imports, industry experts said.
"China’s import-dependency ratio for natural gas is about 8 percent at present, and imports will grow rapidly year by year when more source gas materializes and more import projects are in the pipeline," said Zhou Zhibin, deputy general manager of PetroChina Southwest Oil & Gas Field Company on Tuesday.
[Jan. 11, 2011] Shanghai－－PetroChina Lanzhou Petrochemical saw its LPG commodity output swell from 200mt to 500mt per day after it restarted a 1.4-mil-mt/yr fluid catalytic cracker on Jan 7, a refinery source told C1.It is expected to reduce the output to a normal level of about 300mt daily in a week with the FCC reaching a stable operation state, the source said.
[Jan. 6, 2011] Shanghai－－Sinopec is expected to transmit a combined 744,000mt of gasoil and gasoline to Southwest China’s Guangxi, Guizhou and Yunnan via its Southwest Oil Product Pipeline in January, up 1.1% from the previous month, revealed a source with pipeline department of the oil giant.
[Jan. 6, 2011] Shanghai－－Sinopec has recently started to build 200,000-cu-m oil product terminal in Jianyang City in Southwest China’s Sichuan Province, according to a company source.The terminal with a designed annual turnover capacity of 2-mil mt will be affiliated facility of Guiyang-Ziyang pipeline, which is a branch of Sinopec’s Southwest Oil Product Pipeline, the source introduced.
[Jan. 6, 2011] Shanghai－－Sinopec Jiujiang Petrochemical is scheduled to process 340,000-350,000mt of crude in January, up 13% from the previous month, a refinery source told C1.The refinery was now still revamping 1-mil-mt/yr fluid catalytic cracker, expected to be complete in mid-January, the source said, adding it would go into month-long overhaul in June.
[Jan. 5, 2011] BEIJING - PetroChina (0857.HK: Quote) has put into operation a 1.8 million tonne per year (tpy) gasoline hydrotreating unit at its Lanzhou refinery, an industry source said on Tuesday.The unit, which came onstream at the end of December, will help reduce sulphur content and produce better quality gasoline.
[Jan. 4, 2011] Shanghai - China National Petroleum Corp.’s (CNPC) Changqing Oilfield produced 35 million tons of oil equivalent in 2010, up by 5 million tons year-on-year, state media reported Jan. 2.
[Dec. 24, 2010] A China Petroleum & Chemical Corp (Sinopec) unit has struck a daily flow of 11,500 cubic meters of shale gas in a "wildcat" exploration well in China’s gas-rich Sichuan basin, a website run by Sinopec’s parent reported Thursday.
[Dec. 24, 2010] Sinopec plans to establish a liquefied natural gas receiving station with annual capacity of three million tonnes of LNG in Guangxi province, according to the report of 163.com.The investment amount required for the LNG receiving station is about 17 billion yuan.
[Dec. 23, 2010] Canadian explorer Ivanhoe Energy said its China-focused subsidiary Sunwing Energy has made a significant gas discovery at the Yixin-2 well in southwest China.Gas from the well flowed at rates of up to 13 million cubic feet per day, and averaged 9 to 10 MMcfd during the initial 24-hour test period, Ivanhoe said in a release.
[Dec. 22, 2010] China Petrochemical Corporation (Sinopec Group) plans to establish a liquefied natural gas (LNG) receiving station with annual capacity of three million tons of LNG in Guangxi province, reports 163.com, citing foreign media reports.
[Dec. 22, 2010] Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, hopes to start operation on a liquefied natural gas or LNG terminal in Beihai, the Guangxi Zhuang Autonomous Region in 2014, sources reported.The import terminal, which is designed to receive 3 million tons of LNG per year, will cost around RMB 17 billion or US$2.6 billion and will supply gas to 12 cities in Guangxi and two cities in neighboring Guangdong Province.
[Dec. 22, 2010] Canadian heavy oil producer Ivanhoe Energy Inc said it discovered natural gas at two wells in its Zitong block in China, sending its shares up 19 percent.Gas from the well in Sichuan province flowed up to 13 million cubic feet per day, and averaged 9 to 10 million cubic feet per day during the initial 24-hour test period, the company said in a statement.
[Dec. 20, 2010] China Petroleum & Chemical Corp started exploring for natural gas in southeastern Sichuan province, Bloomberg News reported Friday, citing the company’s newsletter.The exploration, covering 1,000 sq km, will be completed by the first half of 2011, it said.
[Dec. 17, 2010] China Petroleum & Chemical Corp started exploring for natural gas in southeastern Sichuan province, Bloomberg News reported Friday, citing the company’s newsletter.The exploration, covering 1,000 sq km, will be completed by the first half of 2011, it said.
[Dec. 13, 2010] Sichuan Shengma Chemical Co Ltd planned to kick off construction of a 1.2-mil-mt/yr coker in 2011, a company source told C1.The project was expected to complete in 2012, or in the end of 2011 at the earliest, he said.Then the company would weed out an old 300,000mt/yr coker which had been shut down since 2009, C1 learned.
[Dec. 10, 2010] Guangzhou -- PetroChina started operation of a 4.2-mil-cu-m crude tank farm in Southwest China’s Guangxi region on Dec 8, according to an informed source.The tank farm has taken in 520,000mt of crude from West Africa and it has kicked off bonded business, the source revealed.
[Dec. 10, 2010] Sinopec Corp has started exploring the Pengshui shale gas block in southwest China, the company said on Dec 8 in a report on its website.Sinopec’s east China exploration unit will collect two-dimensional seismic data on 453.3 square kilometres of land in Pengshui block in 2011, the report said.
[Dec. 10, 2010] China National Petroleum Corp. (CNPC), the country’s largest oil producer, began trial operations at a crude oil depot in Qinzhou City, Guangxi Zhuang Autonomous Region, state media reported Dec. 8.
[Dec. 9, 2010] PetroChina, China’s largest oil and gas producer, is to build a crude oil storage with a total capacity of 1 million cubic meters in Chengdu, the capital city of southwest China’s Sichuan province, its parent CNPC said in a statement posted on its online news website.
[Dec. 9, 2010] Southwest Gas Corp (SWX.N) on Tuesday sold $125 million of senior unsecured notes, said IFR, aThomson Reuters service. US Bancorp and KeyBanc were the joint bookrunning managers for the sale.
[Dec. 8, 2010] (Shanghai) －－PetroChina is projected to construct a 1-mil-cu-m crude reserve storage in Chengdu City in Southwest China’s Sichuan Province, according to a company source.The storage to be equipped with ten 100,000-cu-m tanks is supportive facility of PetroChina’s 10-mil-mt/yr refining project in county-level city Pengzhou, about 19 km northwest of Chengdu, the source introduced.
[Dec. 8, 2010] China’s oil and petrochemical storage footprint grows further with the news that China’s largest oil and gas producer PetroChina is to build ten 100,000m3 oil depots for the crude oil storage in Chengdu, the capital city of southwest China’s Sichuan province
[Dec. 7, 2010] BEIJING -- The State Council, China’s cabinet, has approved China National Petroleum Corp., parent of PetroChina (PTR.NYSE; 601857.SH; 0857.HK), China Petrochemical Corp. (Sinopec Group), and the other firm to cooperate with foreign companies in developing domestic coal-bed methane (CBM) resources, announced the Ministry of Commerce on Friday.
[Dec. 7, 2010] C1 Energy (Shanghai) －－Sinopec is expected to transmit a combined 736,000mt of gasoil and gasoline to Southwest China’s Guangxi, Guizhou and Yunnan via its Southwest Oil Product Pipeline in December, up 4.4% from the previous month, revealed a source with pipeline department of the oil giant.
[Dec. 6, 2010] Sinopec Zhenhai Refining & Chemical Co is scheduled to have 1-2-week maintenance on its ethylene unit from Dec 8-10, and its daily LPG supply might rise by 500mt to 3,200mt during the maintenance period, a refinery source told C1.In face of increasing sales pressure, the refinery might ship more LPG to South China or give bigger discounts to local distributors, market sources guessed.
[Dec. 3, 2010] Asia’s largest oil refiner China Petroleum & Chemical Corp (Sinopec) (0386.HK)(600028.SS)(SNP.N) will close a crude oil unit with capacity of 100,000 barrels per day (bpd) at its Guangzhou refinery from late February for a month of scheduled maintenan an industry source said on Friday.
[Dec. 3, 2010] Gasoline export revenues for Chinese exporters became much lower than revenues reaped in domestic sales as Singapore gasoline prices edged down C1’s survey found.In Singapore market, FOB price of 92-Ron gasoline, which has similar specifications with 93-Ron gasoline in China, was US$91.38/bbl on average during Nov 18-Dec 1, versus the average of US$92.23/bbl in Nov 4-17.
[Dec. 2, 2010] Sinopec will raise crude processing at its Maoming refinery by about 6 percent to full capacity in December from November after maintenance, an industry source said on Thursday.The 270,000 barrel-per-day (bpd) Maoming refinery closed a 50,000 bpd crude oil unit and a 1 million tonne-per-year (tpy) coking unit in November for 20 days of regular repairs.
[Dec. 1, 2010] Xinhua reported that experts and industry insiders have called for more cooperation in the petrochemical industry between the Chinese mainland and Taiwan.Mr Sheng Huaren honorary president of the China Petroleum and Chemical Industry Federation said at a biennial cross-Straits meeting on the petrochemical industry in Taipei said both sides of the Taiwan Straits can develop all-round cooperation in the petrochemical industry, including by expanding joint exploration efforts for oil and gas.
[Dec. 1, 2010] Guangzhou Shipyard International Co Ltd<600685><0317>, a subsidiary of China State Shipbuilding Corp, yesterday announced that it has agreed to sell eight crude oil tankers for RMB 1.9 billion in total to China Shipping Development Co Ltd<6 the largest carrier of crude oil in mainland China, sources reported.
[Nov. 23, 2010] Minor refineries in South China’s Guangdong Province ran at 13% on average Thursday, down 2 percentage points from one week ago, down 4 percentage points from a year earlier, C1’s survey found.One of the refineries had to halt production in the past week because of feedstock shortage.
[Nov. 22, 2010] It is reported that China southwestern Sichuan province has set up a joint venture company in Chengdu Sichuan Coal Gasification Company to develop a coal-to-gas project in the province.
[Nov. 17, 2010] Sinopec Guangdong told its city-level sales companies to ration gasoil retail supply as from Nov 12, according to market sources.Regarding gasoil supply, Sinopec Guangdong gives priority to Guangzhou and Zhuhai, as the former is holding the Asian Games an aviation exhibition later this month.
[Nov. 16, 2010] Sinopec Maoming Petrochemical is expected to lift LPG output gradually after it wrapped up unit maintenance Tuesday, a refinery source told C1.The refinery’s LPG supply was bout 1,100mt Tuesday, increasing not much from the previous day.
[Nov. 12, 2010] Due to dire supply shortage, gasoil wholesale prices soared to about Yuan 9,000/mt in Southwest China late this week, where no refineries are located, C1 found. Such prices are roughly Yuan 1,400/mt above the retail ceiling set by the government.
[Nov. 12, 2010] A Primary school assisted by Sinopec Group completed its construction as scheduled, which is located in Baingoin County, Tibet Autonomous Region.
[Nov. 8, 2010] Taiwan CPC awarded its latest buy tender for refrigerated LPG to a trader at November CP plus US$60/mt last Friday, traders said.CPC issued the tender last Thursday to seek 20,000mt of refrigerated LPG at a 65:35 ratio for delivery in the second half
[Nov. 8, 2010] Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, on Friday said that it had discovered high yield gas well in the southeastern part of Sichuan Province, sources reported.
[Nov. 8, 2010] Guangdong’s fuel oil supply will be impacted by tougher restriction during the Asian Games, as the production and transportation of dangerous goods will be under more rigid regulations, C1 found.During the Asian Games
[Nov. 2, 2010] Sinopec Maoming Petrochemical is slated to refine 1.05-mil mt of crude in November, with daily throughput down 3% compared with the previous month, according to a refinery source.
[Nov. 2, 2010] Sunwing Energy, a wholly-owned subsidiary of Ivanhoe Energy, has announced better-than-expected reservoir characteristics at Sunwing’s Zitong-1 gas well in Southwest China based on an analysis of logs from the Xu5 and Xu4 shallower target formations
[Nov. 2, 2010] Royal Dutch Shell expects to start drilling in two shale gas blocks in southwestern China at the end of this year or early 2011, a company official said on Monday.Drilling will start at the 4,000-square-kilometre Jinqiu and Fushun blocks in Sichuan provin
[Oct. 27, 2010] PetroChina (601857, 0857.HK) plans to build a biomass diesel production base in Nanchong city, Sichuan province, with total investment of 700-800 million yuan, reports Caijing.
[Oct. 21, 2010] Sinopec has lately begun construction of an oil product pipeline in Southwest China’s Guizhou Province, C1 learned from a source with Sinopec Guizhou.
[Oct. 20, 2010] Sinopec Guangzhou Petrochemical put off maintenance plan for some units from early December 2010 to February 2011 in a bid to ensure product supplies at the end of this year, according to a refinery source.
[Oct. 19, 2010] It is reported that China National Petroleum Corporation Sulige gas field recorded annual gas output of 8.02 billion cubic meters as of October 15th.A total of 2,676 wells at the Sulige gas field were put into operations this year of which the daily gas.
[Oct. 15, 2010] BEIJING - China’s foreign exchange reserves, the world’s largest, rose $194 billion in the third quarter to reach a record $2.65 trillion, which some foreign countries will likely use to pressure China to push forward a faster yuan appreciation, economists have said.
Tibet natural gas distribution terminal begins operations
