News

The world’s first “marine oil refinery” has been commissioned in China

The M350 vessel is capable of processing up to 220 thousand barrels of crude oil per day.

02 June
China’s Sinopec enters Sri Lanka’s fuel market

Sri Lanka has signed a long-term agreement with Sinopec on the retail sale of fuel.

24 May
Iran has agreed with Saudi Arabia on cooperation

Following the results of the Islamic Financial Forum held in Jeddah, good agreements were reached with the Islamic Development Bank and it was decided to accelerate the implementation of construction and investment projects that had been postponed for several years.

16 May
The Chinese oil giant increased its profit in the first quarter

The value of PetroChina’s shares has increased.

07 May
China has started drilling the deepest well in Asia

Sinopec oil and gas Company started drilling the Yuejin 3-3 well in the Xinjiang Uygur Autonomous Region in northwest China on May 1.

02 May
Chinese IGBR invests in the construction of oil and gas equipment plant in the Kaluga region

The volume of investments will amount to 1 billion rubles.

25 April
Hong Kong LNG terminal based on the world’s largest FSRU is preparing for launch

After commissioning, the LNG terminal will power two Hong Kong power plants.

19 April
PetroChina expects oil demand to recover after record profits in 2022

In 2022, the company’s net profit increased by 62.1% and amounted to 149.38 billion yuan (about 21.69 billion US dollars).

08 April