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Chen Aizhu

With few buyers, Iranian oil armada heads to China ahead of U.S. sanctions

Oct 18 2018

SINGAPORE/BEIJING An unprecedented volume of Iranian crude oil is set to arrive at China's northeast Dalian port this month and in early November before U.S. sanctions on Iran take effect, according to an Iranian shipping source and data on Refinitiv Eikon.

China's CEFC founder Ye named in corruption case - state media

Oct 12 2018

BEIJING, Oct 12 The former chairmen of CEFC China Energy and China Development Bank (CDB) were named in a high-profile graft trial of a senior Communist Party official, state broadcaster CCTV reported, citing prosecution evidence presented in court.

Iranian tanker discharges oil into storage in China ahead of U.S. sanctions

Oct 09 2018

BEIJING A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday, according to Refinitiv Eikon data and a shipping agent with knowledge of the matter.

China's Sinopec halves Iran oil loadings under U.S. pressure: sources

Sep 28 2018

BEIJING/SINGAPORE China's Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Iranian oil from November, said people with knowledge of the matter.

China's CNOOC may divest some U.S. assets after portfolio review

Sep 27 2018

BEIJING China's CNOOC Ltd is considering selling parts of its U.S. oil assets in the Gulf of Mexico, a company spokeswoman said on Thursday, but added that it does not intend to fully exit the U.S. market.

China may issue more fuel export quotas to refiners to prevent run cuts: sources

Sep 21 2018

BEIJING China may issue an additional 3 million to 4 million tonnes of permits for refined fuel exports for 2018 to prevent state-owned refiners from having to slash throughput rates, according to three sources briefed on the matter.

CNOOC sells access to LNG terminal as China opens up vast energy market

Sep 20 2018

BEIJING China's CNOOC sold access to its Yuedong liquefied natural gas (LNG) terminal to state-owned Zhenhua Oil and private logistics firm Longkou Shengtong Energy, its first such auction as the country pushes to liberalize its vast oil and gas market.

China's squeezed 'teapots' eye petchem path to riches

Sep 14 2018

BEIJING Several independent Chinese refineries are drawing up plans to build petrochemical complexes in east China's Shandong province, aiming to join an investment boom in the world's top chemicals market.

Hengli's high-tech petroleum complex breathes down PetroChina's neck

Sep 12 2018

DALIAN, China On reclaimed land on the island of Changxin near the port of Dalian, workers are putting the finishing touches on a plant that is the future of China's refining and petrochemical industry.

ExxonMobil latest foreign major to invest in petchem plant, LNG terminal in China

Sep 06 2018

BEIJING ExxonMobil Corp said on Thursday it has signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas (LNG) terminal in China, the latest major foreign investment in the world's top chemicals market.

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