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China Firm To Establish $4.5 Billion Refinery At Sri Lanka Port: Minister
The Sri Lankan Cabinet has given clearance to allow China's energy major Sinopec to establish a new USD 4.5 billion petroleum refinery plant at the strategic Hambantota port in the island nation, Energy Minister Kanchana Wijesekara said on Monday.
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China Is Drilling Another 10,000-Metre Hole. This One Is For...
China has begun drilling a 10,000-meter hole in the ground for the second time this year as it seeks ultra-deep reserves of natural gas. China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province.
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31 Killed After LPG Leak Sets Off Explosion In China Restaurant
At least 31 people were killed when a gas explosion ripped through a barbecue restaurant in the northwestern Chinese city of Yinchuan, state media said Thursday.
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India, US, China To Release Oil Together To Tame Prices: 10 Facts
India has decided to release 5 million barrels of crude oil from its strategic petroleum reserves (SPRs) simultaneously with countries like the US, Japan, China, Britain and Republic of Korea with the aim of bringing down its prices.
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Indian Refiners Getting Rare Oil Cheap As China Demand Slows
"Opportunity for Indian markets is more in the context of what is happening in China and in recent times we received crudes which are appearing to be attractive as compared to their value earlier," said R Ramachandran, head of refineries, Bharat Petroleum Corporation Limited.
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Centre's Assurance After Attack On Saudi Facilities Halves Output
Union Petroleum Minister Dharmendra Pradhan on Monday said that oil supplies to India will not be disrupted after an attack on Saudi Arabian oil facilities over the weekend halved the kingdom's production.
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India's BPCL Buys American Oil Headed To China, Diverted After Tariffs
Beijing announced it would impose the 5 per cent levies -- the first ever Chinese tariffs on US oil -- on August 23 and they took effect September 1.
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India's BPCL Buys American Oil Headed To China, Diverted After Tariffs
An Indian state-owned refiner has swooped in to buy American oil that was en route to China but due to arrive after new tariffs kicked in.
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Chinese Firm Suspends Venezuelan Oil Loading Over US Sanction Fears
China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest set of U.S. sanctions on the South American exporter, two Beijing-based senior sources with direct knowledge of the matter told Reuters on Monday.
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Reliance Industries Becomes Top-Ranked Indian Firm On Fortune Global 500 List
The 2019 ranking was led by Walmart, followed by Sinopec Group, Royal Dutch Shell, China National Petroleum and State Grid
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Malaysia Seizes $240 Million From Chinese State Firm's Account: Report
Malaysia has seized more than 1 billion ringgit ($243.25 million) from a bank account of state-owned China Petroleum Pipeline Engineering Ltd (CPP), the Straits Times newspaper said on Saturday.
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Shell Subsidiary Receives Oil Products Wholesale License In China
Shell China, a unit of Royal Dutch Shell, said on Monday that its Zhejiang-based subsidiary Shell (Zhejiang) Petroleum Trading Ltd Co has received a license to trade refined oil products in China. The license will allow Shell to trade oil products in the wholesale market, according to a press release from Shell China, expanding its business beyond ...
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US Grants Temporary Iran Oil Waivers To India, Seven Other Countries
Some of the eight countries - China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea - include OPEC (Organization of the Petroleum Exporting Countries) member Iran's top customers.
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Bank, Metal Stocks Lead Markets Higher, Sensex Jumps Over 200 Points: 10 Things To Know
The BSE Sensex started Tuesday's session on a positive note, rising as much as 244 points supported by PSU bank, metal and pharma stocks. The National Stock Exchange benchmark index Nifty rose 74 points to touch 10,205 in early morning deals. Top gainers in the Nifty 50 included Hindustan Petroleum, Indian Oil, SBI, Bajaj Finance and Tata Steel - u...
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China And India Compete In New Area: Abu Dhabi Oil Fields
A stake in the offshore oil concession that's set for renewal in March would mark a second big win of crude development rights in the emirate for China National Petroleum Corp.
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China Firm To Establish $4.5 Billion Refinery At Sri Lanka Port: Minister
The Sri Lankan Cabinet has given clearance to allow China's energy major Sinopec to establish a new USD 4.5 billion petroleum refinery plant at the strategic Hambantota port in the island nation, Energy Minister Kanchana Wijesekara said on Monday.
-
China Is Drilling Another 10,000-Metre Hole. This One Is For...
China has begun drilling a 10,000-meter hole in the ground for the second time this year as it seeks ultra-deep reserves of natural gas. China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province.
-
31 Killed After LPG Leak Sets Off Explosion In China Restaurant
At least 31 people were killed when a gas explosion ripped through a barbecue restaurant in the northwestern Chinese city of Yinchuan, state media said Thursday.
-
India, US, China To Release Oil Together To Tame Prices: 10 Facts
India has decided to release 5 million barrels of crude oil from its strategic petroleum reserves (SPRs) simultaneously with countries like the US, Japan, China, Britain and Republic of Korea with the aim of bringing down its prices.
-
Indian Refiners Getting Rare Oil Cheap As China Demand Slows
"Opportunity for Indian markets is more in the context of what is happening in China and in recent times we received crudes which are appearing to be attractive as compared to their value earlier," said R Ramachandran, head of refineries, Bharat Petroleum Corporation Limited.
-
Centre's Assurance After Attack On Saudi Facilities Halves Output
Union Petroleum Minister Dharmendra Pradhan on Monday said that oil supplies to India will not be disrupted after an attack on Saudi Arabian oil facilities over the weekend halved the kingdom's production.
-
India's BPCL Buys American Oil Headed To China, Diverted After Tariffs
Beijing announced it would impose the 5 per cent levies -- the first ever Chinese tariffs on US oil -- on August 23 and they took effect September 1.
-
India's BPCL Buys American Oil Headed To China, Diverted After Tariffs
An Indian state-owned refiner has swooped in to buy American oil that was en route to China but due to arrive after new tariffs kicked in.
-
Chinese Firm Suspends Venezuelan Oil Loading Over US Sanction Fears
China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest set of U.S. sanctions on the South American exporter, two Beijing-based senior sources with direct knowledge of the matter told Reuters on Monday.
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Reliance Industries Becomes Top-Ranked Indian Firm On Fortune Global 500 List
The 2019 ranking was led by Walmart, followed by Sinopec Group, Royal Dutch Shell, China National Petroleum and State Grid
-
Malaysia Seizes $240 Million From Chinese State Firm's Account: Report
Malaysia has seized more than 1 billion ringgit ($243.25 million) from a bank account of state-owned China Petroleum Pipeline Engineering Ltd (CPP), the Straits Times newspaper said on Saturday.
-
Shell Subsidiary Receives Oil Products Wholesale License In China
Shell China, a unit of Royal Dutch Shell, said on Monday that its Zhejiang-based subsidiary Shell (Zhejiang) Petroleum Trading Ltd Co has received a license to trade refined oil products in China. The license will allow Shell to trade oil products in the wholesale market, according to a press release from Shell China, expanding its business beyond ...
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US Grants Temporary Iran Oil Waivers To India, Seven Other Countries
Some of the eight countries - China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea - include OPEC (Organization of the Petroleum Exporting Countries) member Iran's top customers.
-
Bank, Metal Stocks Lead Markets Higher, Sensex Jumps Over 200 Points: 10 Things To Know
The BSE Sensex started Tuesday's session on a positive note, rising as much as 244 points supported by PSU bank, metal and pharma stocks. The National Stock Exchange benchmark index Nifty rose 74 points to touch 10,205 in early morning deals. Top gainers in the Nifty 50 included Hindustan Petroleum, Indian Oil, SBI, Bajaj Finance and Tata Steel - u...
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China And India Compete In New Area: Abu Dhabi Oil Fields
A stake in the offshore oil concession that's set for renewal in March would mark a second big win of crude development rights in the emirate for China National Petroleum Corp.
