China has opened a line of credit, worth $1.3b, to finance the development of Abadan Oil Refinery, Iran’s oldest refinery in the southern Khuzestan Province.
China Petroleum & Chemical Corporation (Sinopec), the second-largest oil and gas group in the country, plans to sell 50% of its premium Sichuan-East China natural gas pipeline business to investors.
According to the National Development and Reform Commission (NDRC), China’s crude oil output dropped by 4.8% year-on-year –to 100.45m tons in H1 of 2016.
Iranian Executive Director of Yadavaran Oilfield development project, Hadi Nazarpour, announced that the Chinese Sinopec Group is to undertake Phase II development of the field.
The massive flooding in China, that is reported to be the country’s worst since 1998, has forced the largest oil company in Asia, Sinopec, to close 500 gas stations and shut down some refinery facilities in the south ...
China’s largest manufacturer and exporter of longitudinal submerged arc welded steel pipes, Chu Kong Petroleum and Natural Gas steel Pipe Holdings Ltd, has earned two bids from China Petroleum and Chemical Corporatio ...
Iran and China tightened its relations in the energy sector after National Iranian Oil Company (NIOC) inked a new crude and condensate sales agreement with China Petrochemical Corporation (Sinopec Group).
The Dublin-based Petroceltic International had successfully drilled the first of 24 new development wells on its Ain Tsila gas and condensate field in Algeria.
China's Sinopec, Asia's largest oil refiner, has started production in the first phase of its Fuling shale gas project in the Sichuan Basin of a southwest province with an annual capacity of 5bcm.