China’s Daily Crude Output Declines to 13.9 mb/d in July, Lowest Since May 2020
This comes as the independent plants in China, also known as teapots, cut production in the middle of high inventories, tighter quotas, and weakening profits.
China | Egypt Oil & Gas - Part 6
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 Crude Oil Imports Jump to 41.2 M tons in July
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’s First Independent Offshore Project Operates at Full Capacity
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.
Sinopec Targets 65% Increase in Natural Gas Output by 2025
China’s Sinopec targets a 65% increase in its domestic natural gas output to reach 48 billion cubic meters (bcm) by 2025.
China to Build LNG Terminal in Guangdong
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 to Supply Carbon-Neutral LNG to PetroChina
Shell Company announced that it has signed a contract for supplying carbon- neutral liquefied natural gas (LNG) to PetroChina International Company (PCI).
ENOC Renews Agreement with Meisheng on Lubricant Distribution in China
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
Sinopec Begins Establishment of Carbon Capture Project in East 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 Refinery Production Surges 19.7% in March
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.
