China to allow refineries to use 2024 quotas in December

Independent refineries in China can start choosing quotas for crude oil imports right now, but factories do not want to do this because demand for petroleum products has fallen

14 December 2023
China’s Sinopec to build refinery in Sri Lanka

The volume of investments in construction is 4.5 billion US dollars.

03 December 2023
China buys more and more Iranian oil

In January–October, China bought 1.05 million b/d from Iran on average.

24 November 2023
China’s PetroChina to replace Exxon in West Qurna-1 project

PetroChina will own the largest stake in West Qurna-1 after Exxon leaves.

12 November 2023
China may invest $1.5 billion in the construction of an oil pipeline in Uganda

The Chinese company China Export and Credit Insurance Corporation may invest $1.5 billion in the construction of the East African Oil Pipeline (EACOP) in the first quarter of next year.

08 November 2023
China’s Sinopec invests $1.5 billion in the construction of a refinery in the port of Sri Lanka

China Petrochemical Corporation is investing $1.5 billion in the construction of an oil refinery in the Sri Lankan port of Hambantota.

02 November 2023
China aims at oil and gas cooperation with Gulf countries

China wants to deepen cooperation in the oil and gas industry with the countries of the Persian Gulf and look for potential for cooperation in new energy sectors. This is reported by Reuters.

27 October 2023
Imports of Russian oil to China in physical terms increased

China imported almost 80 million tons of oil from Russia in January-September.

20 October 2023