Tag Archives: China

CNPC has now a 30 percent stake. while PetroPars holds the remaining 19.9 percent.

The U.S. has become increasingly price competitive.

China imports more than one-quarter of Iran’s oil.

China and the United States have implemented several rounds of tit-for-tat tariffs on each others goods.

In Japan. official data on Thursday showed a slowdown in export growth as well as a decline in crude oil imports.

Not a single tanker has loaded crude oil from the United States bound for China since the start of August.

CNPC'.s PetroChina division has a 25-year supply contract with U.S. producer Cheniere.

Crude oil output in July dropped 2.6 percent on-year to 15.85 million tonnes. or 3.73 million bpd.

The move is in line with a transformational strategy pushed by Sinochem chairman Ning Gaoning to zero in on core assets.

Some believe that China’s move aims to keep oil as a bargaining chip for future negotiations on tariffs or Iranian sanctions.