Zhou Jiping, former general manager of the China National Petroleum Corporation, has officially become the companys chairman, updated information on the CNPC website showed Tuesday. Zhous new role came after the companys former chairman, Ji...

Zhongtai Group and China Kunlun Contracting and Engineering Company recently signed a framework agreement on contracting the 1.2 million-t/a PTA project. This indicates the first million-ton PTA project in the western part of China has ente...

China is set to export close to 400,000 tonnes of diesel in April, trade sources said, a second straight month exports could hit that level on the back of sluggish domestic demand and high fuel stocks. Aprils exports will be 60 per cent hig...

A recent report shows that Chinas February crude oil imports from the Islamic Republic of Iran have increased by more than eighty percent compared to the corresponding period last year. China, Irans top crude oil customer, bought nearly 2.0...

Sinopec is to cut Q2 crude processing by 1.5mln tons. Meanwhile, Sinopec Shanghai has announced that its main refining unit will resume production within two days following yesterdays announcement of a fire. A damaged topping unit at Argent...

Staying away from headline-grabbing overseas MA deals is a wise move for Chinas Sinopec, Asias Largest Oil Refiner, Analysts Say. Instead, Sinopec, or China Petroleum Chemical Corp., has begun taking over upstream oil and gas assets held by...

Brent crude futures steadied above $106 per barrel on Wednesday after Chinas total imports surged in March, suggesting the recovery in the worlds second-biggest oil consumer is strengthening. Chinese imports grew 14.1% in March, while expor...

Shanghai, Chinas financial center, said it will start trials of emissions trading before the end of June in an effort to reduce the intensity of its energy use and carbon discharges. Shanghai aims to cut its energy consumption and carbon re...

Chinas new government is trying to deal with complaints about fuel prices by easing, but not abandoning, state price controls. The delicate maneuver announced by the National Development and Reform Commission (NDRC) on March 26 would shorte...

Taiwan claims the ocean from its south shore clear down to Singapore, but so do the more powerful China, the more assertive Vietnam and strong U.S. ally the Philippines. Unlike these rival claimants to the South China Sea, Taiwan has not ca...