Asia's largest refiner, Sinopec Corp, said on Monday it expects prolonged weakness in global oil prices, forcing it to cut spending and turn more cautious about acquisitions.
"This year's oil prices won't be high.
The Yasref refinery in Saudi Arabia, a joint venture between Saudi Aramco and China's Sinopec, will load its first gasoline cargoes later this week, according to traders and shipping fixtures.
On February 6, the 400,000 barrel
A major new joint-venture refinery in Saudi Arabia may ramp up production and run at full capacity in a month, a source close to the company, Yanbu Aramco Sinopec Refining Co (Yasref), said.
The 400,000 barrels-per-day (bpd) refin
A major new joint-venture refinery in Saudi Arabia on Thursday shipped its first clean diesel cargo, the company Yanbu Aramco Sinopec Refining Co (Yasref) said.
The start-up of the refinery is expected to weigh on diesel prices as
The first fuel exports from a major new joint-venture refinery in Saudi Arabia will be delayed to early next year from late this year, sources close to the matter said.
The 400,000 barrels-per-day (bpd) Yanbu Aramco Sinopec Refini
The first fuel exports from a major new Saudi Arabian-Chinese refinery will load in December, slightly later than expected, three industry sources said.
The 400,000-barrel-per-day (bpd) Yanbu Aramco Sinopec Refining Company (Yasre
An engineering and construction unit under China's Sinopec Group has started building pipelines for Iraq's Maysan project that will help raise the oilfield's production to 460,000 barrels per day (bpd) by 2016, an industry website
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
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