China

  • Iraq Negotiates to Build Oil Storage in China

    Iraq Negotiates to Build Oil Storage in China

    Monday, 15th February 2021

    The Iraq’s Oil Minister, Ihsan Abdul Jabbar, said that his government is going into advanced negotiations with the Chinese companies to establish oil storage facility in China seeking to boost its oil sales to Asia.

  • Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020

    Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020

    Thursday, 21st January 2021

    Saudi Arabia, which is the largest oil exporter in the world, keep its ranking as the first oil supplier for China during 2020, beating Russia .

  • China’s Oil Throughput Decreases to 14.9 mmbl/d in December

    China’s Oil Throughput Decreases to 14.9 mmbl/d in December

    Monday, 18th January 2021

    Chinese oil productivity has gradually declined by 0.5% reaching 14.9 million barrels per day (mmbl/d) in December 2020 after recording a high in November. While the country’s total crude proceeded during 2020, jumped up 2.7% reaching 13.51 mmbl/d compared to the previous year.

  • China Oil Imports Records 542.39 MMT in 2020

    China Oil Imports Records 542.39 MMT in 2020

    Thursday, 14th January 2021

    According to data issued by the General Administration of Customs, the total China’s oil imports during 2020 reached 542.39 million tons

  • Sinopec Establishes First Phase of Weirong Gas Field

    Sinopec Establishes First Phase of Weirong Gas Field

    Wednesday, 6th January 2021

    The Chinese Sinopec company announced the establishment of the first phase of a new shale gas field, Weirong, in southwestern Sichuan at a production capacity estimated at 1 billion cubic meters of natural gas per year (bcm/y).

  • Eni Signs Energy Cooperation MoU with China

    Eni Signs Energy Cooperation MoU with China

    Wednesday, 30th December 2020

    Eni’s Chief Executive Officer (CEO), Claudio Descalzi, and the Director General of the International Cooperation Center of the National Development and Reform Commission (ICC-NDRC), Huang Yong, signed a Memorandum of Understanding (MoU) to promote energy cooperation between Eni and China.

  • South Pars Starts Drilling Operations at Phase 11

    South Pars Starts Drilling Operations at Phase 11

    Wednesday, 23rd December 2020

    Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021. 

  • China’s Oil Imports Reaches 11.04 mmbbl/d in November

    China’s Oil Imports Reaches 11.04 mmbbl/d in November

    Monday, 7th December 2020

    China’s General Administration Customs data announced that the Imports of crude oil has risen to 11.04 million barrels per day (mmbbl/d) during November, compared to 10.02 mmbbl/d in October.

  • Gazprom  Natural Gas Exports to China in excess of Planned Volume

    Gazprom Natural Gas Exports to China in excess of Planned Volume

    Thursday, 3rd December 2020

    Gazprom company said that it exported natural gas to China by 113.6% of the planned volume in November via Power of Siberia gas trunkline from the Chayandinskoye field.

  • China to Increase Natural Gas Production in 2020 by 1.1%

    China to Increase Natural Gas Production in 2020 by 1.1%

    Thursday, 19th November 2020

    China’s state-run oil and gas company, Sinopec, has announced that it plans to produce more than 30 billion cubic meters (bcm) of natural gas in 2020.