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Sinopec replaces Luoyang Petrochemical with new subsidiary

Guangzhou (JLC), January 3, 2025 – Sinopec’s new subsidiary – Henan Refining & Chemical Co., Ltd. – officially began operation on January 1, 2025, replacing its predecessor Sinopec Luoyang.

01-03-2025 18:33:47

China’s oil demand to peak around 2027: Sinopec

Guangzhou (JLC), December 23, 2024 – China's oil consumption is expected to peak around 2027, according to Sinopec’s China Energy Outlook 2060 (2025 version).

12-23-2024 18:37:05

Sinopec Qilu Petrochemical begins upgrading its refinery

Guangzhou (JLC), December 20, 2024 – Sinopec Qilu Petrochemical started to construct its upgrade project on December 19, Sinopec announced at a ceremony held in Zibo on Thursday.

12-20-2024 14:52:04

Shandong independents' run rates drop amid unit shutdown

Guangzhou (JLC), December 18, 2024--Shandong independent refiners' operating rates fell considerably in the week to December 18 due to unit shutdown.

12-18-2024 18:13:18

Shandong independents' run rates up on better margins

Guangzhou (JLC),?December?11, 2024--Shandong independent refiners' operating rates?rose slightly?in the week to?December?11 as refining margins improved further.

12-11-2024 18:49:12

Sinopec begins building commercial oil reserve project in Dongying

Guangzhou (JLC), December 2, 2024 – Sinopec Shengli Oilfield Company on November 29 began the construction of a large-scale commercial oil reserve facility in Dongying.

12-02-2024 18:45:05

Changqing Oilfield hits milestone for fifth consecutive year

Guangzhou (JLC), November 29, 2024--The year-to-date oil and gas output at Changqing Oilfield – China’s largest oil-and-gas field – has exceeded 60 million mt of oil equivalent.

11-29-2024 18:40:56

Sinopec plans to start test runs at ZRCC Phase II by year-end

Guangzhou (JLC), November 25, 2024--Sinopec’s Zhenhai Refining and Chemical Company (ZRCC) will likely begin trial operation at its phase-II expansion project by the end of this year.

11-25-2024 18:25:20

Sinopec and Aramco start building Gulei phase-II complex in Fujian

Guangzhou (JLC), November 19, 2024 – Sinopec, Aramco, and Fujian Petrochemical Company Limited (FPCL) began to construct the Gulei Phase-II Integrated Refining and Petrochemical Project.

11-19-2024 17:58:14

Shandong independents' run rates slip amid negative margins

Guangzhou (JLC), October 23, 2024--Shandong independent refiners' operating rates slipped in the week to October 23 due to lingering negative margins and an upcoming refinery turnaround.

10-23-2024 18:40:56

Shandong independents' run rates retreat

Guangzhou (JLC), September 18, 2024 – Shandong independent refiners' operating rates dropped in the week to September 18 as a refinery lowered its throughput for a partial turnaround.

09-18-2024 18:45:53

Shandong independents' run rates rise further

Guangzhou (JLC), September 11, 2024 – Shandong independent refiners' operating rates increased further in the week to September 11, as two refineries continued to boost their runs.

09-11-2024 18:10:23

PetroChina Guangdong receives 10 VLCCs in August

Guangzhou (JLC), September 9, 2024 – PetroChina Guangdong Petrochemical received 10 very large crude carriers (VLCCs) at its oil terminal in August, marking a milestone.

09-09-2024 15:51:32

Shandong independents' run rates up on unit restarts

Guangzhou (JLC), September 4, 2024--Shandong independent refiners' operating rates continued to rise in the week to September 4, as two Dongying-based refiners resumed operation after maintenance.

09-04-2024 18:55:44

Changqing Oilfield produces over 1 billion toe of oil and gas

Guangzhou (JLC), September 3, 2024 – PetroChina's Changqing Oilfield – China's largest oil and gas field – has produced over 1 billion metric tons of oil equivalent (toe) of oil and gas.

09-03-2024 15:54:34

CNOOC posts strong results in H1, setting multiple records

Guangzhou (JLC), August 29, 2024 – CNOOC (SH:600938, HK: 00883) posted a 18.1% gain in revenue in the first half (H1) of 2024, with the profit attributable to its shareholders gaining 25.0%.

08-30-2024 10:47:28

Yanchang Petroleum to build new CDU for integrated project

Guangzhou (JLC), August 28, 2024 – State-backed Shaanxi Yanchang Petroleum Group planned to build a new crude distillation unit (CDU) of 10 million mt/yr (200,000 barrels per day).

08-28-2024 17:39:52

Sinopec reports 2.6% profit gain for H1 2024

Guangzhou (JLC), August 26, 2024 – Sinopec Corp. (SH:600028, HK:00386) saw a 2.6% gain in profit attributable to its shareholders in the first half (H1) of 2024, although its revenue dropped 1.1%.

08-26-2024 18:57:59

Shandong independents' run rates up on unit restart

Guangzhou (JLC), August 21, 2024--Shandong independent refiners' operating rates continued to rise in the week to August 21, as a refiner restarted its units after completing maintenance.

08-21-2024 19:04:18

Independents unload less imported feedstock in July

Guangzhou (JLC), August 9, 2024--Shandong-based independent refiners unloaded less imported feedstock in July, largely due to poorer refining margins.

08-09-2024 16:54:26

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