Tag Archives: China

Saudi Aramco said on Tuesday its planned acquisition of a 70% equity stake in petrochemical maker SABIC from the Public Investment Fund (PIF), the kingdom’s wealth fund, is on track to close in the second quarter. The statement by the state oil giant was made in response to a Reuters …

The 338,371 cbm tanker was welcomed at the new 300,000-tonne crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the company’s “front terminal, rear plant” production model. Housed 1,100 metres from Sinopec’s refinery plant, the petrochemical port features eight terminals including a 300,000-tonne crude oil berth, 100,000-tonne …

China, the world’s leading energy and food importer, bought more crude oil, natural gas and soybeans in the first four months of 2020, customs data showed. The country imported some 170 million tons of crude oil in the period, up 1.7 percent year on year, while natural gas imports rose …

China National Petroleum Corporation (CNPC) has discovered a large natural gas field in the southwestern province of Sichuan, the government of Suining City said in a statement on Wednesday. “[It is] an important discovery. The potential reserves of natural gas in this settlement of Suining District may exceed one trillion …

With the U.S.’s patience wearing thin on its dealings with neighboring Iran, endemic corruption still prevalent in both the south of the country and in the northern semi-autonomous region of Kurdistan, and enduring political chaos with frequently-changing prime ministers popping up whilst the real power remains with firebrand cleric Moqtada …

Manila is expected to produce the most Covid 19-related medical waste, followed by Jakarta and Kuala Lumpur, among the five cities surveyed by the Asian Development Bank.

China’s move to speed up the construction of natural gas storage facilities is expected to boost the storage capacity over the next two-three years, but the country is unlikely to meet its 2020 targets amid incomplete market liberalization reforms and coronavirus pandemic, trading sources said. City gas suppliers have so …

Some of the world’s largest oil producers are starting to see evidence of a rebound in demand from China, even as other economies around the world remain hobbled by the coronavirus. While it’s still early days into the Chinese recovery, limited initial sales data was encouraging, Irving, Texas-based Exxon Mobil …

Chinese coal miner Baofeng Energy has announced the start of construction of what it claims will be the world’s largest solar-powered hydrogen plant, in the Ningxia Hui autonomous region of northwest China. The RMB1.4 billion ($199 million) electrolysis project is intended to produce 160 million cubic meters of hydrogen per …

It is predicted that Iran will witness $300 million worth of goods export’s hike to Afghanistan in the current year [started March 21, 2020] as compared to a year earlier.