China’s Oil Products Exports Down 28% in July
China’s oil product exports have fallen 28% to 4.64 million tons (mmt) month on month (MoM) in July due to oil companies’ quotas shortage.
China’s oil product exports have fallen 28% to 4.64 million tons (mmt) month on month (MoM) in July due to oil companies’ quotas shortage.
The country imported a total of 41.24 million tons of crude oil in July, with an average of 9.71 million barrels per day (b/d).
China National Offshore Oil Corp (CNOOC) announced that Liuhua 16-2 oilfield cluster, China's first independent deep-water oil and gas project, operates at its full capacity in the South China Sea.
China’s Sinopec targets a 65% increase in its domestic natural gas output to reach 48 billion cubic meters (bcm) by 2025.
China announced that it has started to build a liquefied natural gas (LNG) terminal at a capacity of 4 million tons with investments of $1 billion in the southern coastal province of Guangdong.
Shell Company announced that it has signed a contract for supplying carbon- neutral liquefied natural gas (LNG) to PetroChina International Company (PCI).
ENOC group stated that it has renewed its agreement with Meisheng Investment Development company for another five years, to supply and distribute its lubricant products in China
China Petrochemical Corporation (Sinopec) has started the construction of carbon capture utilization and storage (CCUS) project in east project, the company announced on Monday.
China’s oil production recorded increase by 19.7% in March compared to the previous year after the refineries has intensified their operations to meet the fuel demand and build up a stock.
The Chinees Sionpec company announced about its tendency to start operation of its hydrogen in the Inner Mongolia region by 2022.