Saturday 2 August 2014
 
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sinopec

China stalls petchem as US competition grows

China's top refiner Sinopec Corp is scaling back billions of dollars in petrochemical investments in the face of growing US competition in the sector and rising local opposition to oil and gas plants over environmental concerns.

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China stalls petchem as US competition grows

China's top refiner Sinopec Corp is scaling back billions of dollars in petrochemical investments in the face of growing US competition in the sector and rising local opposition to oil and gas plants over environmental concerns.

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SNC-Lavalin, Sinopec in $764 Ma'aden deal

SNC-Lavalin, in consortium with Sinopec Engineering Group (SEG), has signed a major contract with Saudi Arabia’s Ma'aden for its 15,150 tonnes per day (tpy) sulphuric acid plant. The contract is to provide engineering, procure

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Sinopec buys $3.1bn Egyptian oil stake

US oil and gas producer Apache Corp is selling a 33 per cent stake in its Egypt oil and gas business for $3.1 billion to state-owned Chinese oil giant Sinopec Group, reducing its exposure in the country amid the recent political unrest.

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China to hold up approvals for Sinopec, CNPC

China will stop approving some new refining projects and plant upgrades by the country's top two state oil firms, potentially holding up billions of dollars of investment to meet rising demand in the world's second largest oil market.

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Sinopec posts $2.2bn net profit

Asia's largest refiner Sinopec Corporation posted a 22 per cent rise in second-quarter net profit, helped by better refining margins after China introduced measures to let domestic fuel prices follow the international market more closely.

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Sinopec unsure on Kuwait role in China refinery

Asia's largest refiner Sinopec has yet to decide whether to build a $9 billion refinery in Southern China's Zhanjiang by itself or in a joint venture with Kuwait Petroleum Corporation (KPC) and Total. KPC is keen to gain a

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Sinopec to stop buying Iran condensate in Q3

The Tianjin refinery, owned by China's Sinopec Corp, will stop buying condensate from Iran's South Pars field from July through September partly because of a planned major plant overhaul, an industry official said. China, Iran's largest oi

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Sinopec Yanbu refinery due online in 2014

A major Red Sea oil refinery joint venture between Saudi Arabia and China is expected to be working by November 2014, the venture's chief executive officer told Reuters on Monday. Yanbu Aramco Sinopec Refining Company's (Yasreef) 400,000 b

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Sinopec to build oil storage in UAE port

Singapore-based Concord Energy and China's Sinopec will start to build oil storage in the UAE port of Fujairah within two months, a source at Concord Energy said on Wednesday. Traders are rushing to secure oil storage outside the

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