Tuesday 2 September 2014
 
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sinopec

Chinese energy giants upbeat on shale gas

China's energy heavyweights Sinopec Corp and PetroChina have upgraded their outlook on the country's shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom. China, estimated t

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Iran delays London oil conference

Iran has postponed by three months a conference to offer multinationals the rights to develop oil deposits, giving time for sanctions on the country's oil sector to be lifted, a senior official said. "We want to provide for all

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Sinopec shortlists bidders for $20bn retail stake

State-run Chinese oil giant Sinopec Corp has shortlisted 37 bidding consortia for an up to 30 per cent stake in its massive fuel retail unit and plans to choose a winning bidder by end-September, its chairman said. "The reaction fr

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Kuwait to double supplies to China's Sinopec

Kuwait has concluded a new 10-year deal with a China's Sinopec Corp to nearly double its supplies by offering to ship the oil and sell on a more competitive cost-and-freight basis, according to a KPC official and a trading source.

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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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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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