PetroChina | Egypt Oil & Gas - Part 2
Chinese Refineries to Produce 18 MM Tons of LSFO
Chinese refiners will be able to produce up to 18.1 million tonnes of low-sulphur fuel oil (LSFO), Zhang Tong, VP of PetroChina International, told Reuters. He added that the country will be self-sufficient in the shi...
China Discovers 1.2 mcm of Gas in Exploration Well
PetroChina’s drilling of exploration well Penglai-1 has produced 1,219,800 cubic meters (mcm) of natural gas during production testing, according to a press release. This discovery confirms the abundance of natural ga...
Saudi Aramco Delays PetroChina Oil Loadings
Saudi Aramco has delayed light crude oil loadings to PetroChina for October delivery by about 10 days, Reuters reported. The Saudi oil giant has committed to supplying the same amounts and grades of crude oil. Aramco ...
Iraq to Sign Energy Agreement with ExxonMobil, PetroChina
Iraq is expected to sign a $53 billion energy agreement with ExxonMobil and PetroChina, Reuters reported. The mega-project involves developing the Nahr Bin Umar and Artawi oilfields to increase their production to 500...
China’s Sinopec Signs Crude Supply Deal with Kuwait for 2019
Chinese oil major Sinopec has signed a 2019 annual deal to purchase crude oil from the Kuwait Petroleum Corp (KPC) on October 8, Reuters reported. The volumes of the crude supply were not announced, but two Sinopec ex... PetroChina Signs Supply Agreements with Saudi Aramco and KPC
PetroChina signed crude supply agreements for 2019 with Saudi Aramco and Kuwait Petroleum Corporation (KPC) at the China International Import Expo in Shanghai, Reuters reported. The supply volumes weren’t publicized b... CNCP Buys Stakes in Abu Dhabi Concessions for $1.18B
China National Petroleum Corporation (CNCP) has bought two 10% stakes in Abu Dhabi’s Umm Shaif and Lower Zakum offshore fields from the Abu Dhabi National Oil Company (ADNOC), The National reported. The 40-year ...
Iraq Starts Final Phase of Halfaya’s Expansion
Iraq has launched the third and final phase of work to expand its southern Halfaya oil field, aiming to double its output capacity in 2018 to 400,000b/d, Middle East Monitor reported, citing a state-run oil company. M...
