All articles tagged with #sinopec
Originally Published 3 months ago — by Reuters
The US has imposed sanctions on an Iranian oil terminal in Shandong, China, which handles a significant portion of Sinopec's crude imports, complicating China's oil trade and prompting potential rerouting of shipments to alternative ports.
Originally Published 2 years ago — by AOL
Chinese petroleum company Sinopec has signed an agreement with Sri Lanka to enter the country's retail fuel market, which has been facing a fuel shortage for over a year. The deal will allow Sinopec to import, store, distribute, and sell petroleum products in Sri Lanka. The move comes as China looks to consolidate investments in Sri Lanka's ports and energy sector amid growing security concerns raised by India. Sri Lanka hopes the deal will help resolve its energy crisis, which has been exacerbated by an economic downturn.
Originally Published 2 years ago — by OilPrice.com
Oil prices dropped after OPEC adjusted its demand forecast, but the IEA's warning of a significant supply deficit later this year helped to bolster prices. The US EPA proposed aggressive emission cuts for new vehicle sales by 2032, and China's Sinopec will take a 5% stake in one of the North Field East LNG trains in Qatar. Glencore improved its takeover bid for Canadian miner Teck Resources, and Colombia's state oil company Ecopetrol has a new CEO. The anticipated licensing of 14 offshore oil blocks in Guyana has been delayed to mid-July, and French oil major TotalEnergies is reportedly in early-stage talks to buy private equity-backed exploration firm Neptune Energy.