Saturday, 22 February 2025

Focus on Sinopec

Chinese President Xi Jinping (R) shakes hands with Sri Lankan President Anura Kumara Dissanayake during a signing ceremony at the Great Hall of the People in Beijing on January 15, 2025 (POOL)
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Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant

Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in Sri Lanka.

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. REUTERS/Stringer/File Photo
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Oil shipping rates surge after US sanctions hit availability

Supertanker freight rates soared after U.S. sanctions on Russia, prompting traders to rush to book vessels from elsewhere.

News Release

Sinopec Awarded Best Environmental Protection Case at First Sino-European Corporate ESG Best Practice Conference

FRANKFURT, Germany--(BUSINESS WIRE)-- #ESG--The ESG case from China’s Sinopec, titled "Empowering Green Development, Co-Creating a Zero-Carbon Future," stood out from dozens of entries...Read...

FILE PHOTO: The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
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China’s Sinopec reports first-half crude throughput up only 0.1%

China's Sinopec, Asia's largest refiner, on Friday reported first-half crude throughput little changed year on year

FILE PHOTO: A man walks past the logo of Spanish oil major Repsol outside its headquarters in Madrid, Spain, December 26, 2023. REUTERS/Susana Vera/File Photo
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Repsol in talks to merge UK North Sea operations with NEO, sources say

Spain's Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources...

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