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CNPC becomes lead contractor for Iraq's West Qurna 1 Oilfield

Guangzhou (JLC), January 3, 2024 – China National Petroleum Corporation (CNPC) officially replaced ExxonMobil as the lead contractor for Iraq's West Qurna 1 Oilfiled..

01-03-2024 17:22:48

Sri Lanka signs contract with Sinopec on refinery construction

Guangz?hou (JLC), November 29, 2023--The government of Sri Lanka has signed an official contract with Sinopec on the construction of an oil refinery in the country, Kanchana Wijesekera, Sri Lanka’s Mi

11-29-2023 16:35:15

Chinese independents’ naphtha output contracts in H1

Chinese independent refiners’ naphtha output in the first half of 2022 (H1) dropped considerably from the year.

07-14-2022 17:49:37

PetroChina Liaohe signs asphalt concrete contract with CGGC

PetroChina Liaohe Petrochemical and China Gezhouba Group Corporation (CGGC) signed a supply contract for 9,700 mt of hydraulic asphalt concrete.

05-27-2022 19:12:37

China INE crude plunges again on Russia’s pledge to fulfill contracts

Guangzhou (JLC), March 11, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) extended losses on Friday, after Russia pledged to fulfill energy supply contracts.

03-11-2022 19:47:19

China's LSFO contract used as benchmark in overseas trade for first time

Beijing (JLC), April 1, 2021--China’s Shanghai International Energy Exchange (INE) said on March 31 that its listed low sulfur fuel oil (LSFO) futures contract had been used as a price benchmark for the first time in overseas trade.

04-01-2021 17:55:05

China Petroleum Pipeline wins EPC contract for offshore pipeline in Indonesia

Beijing (JLC), August 20, 2019--China Petroleum Pipeline Engineering Co., LTD. (CPP) will deliver the engineering, procurement and construction (EPC) of an offshore oil pipeline with the world largest diameter in Indonesia, China National Petroleum Corporation said on its news website recently.

08-20-2019 16:11:27

APEX sees first EFP for fuel oil futures contract

Guangzhou (JLC), August 8, 2019--Singapore-based Asia Pacific Exchange (APEX) witnessed the first exchange of futures for physicals (EFP) of its fuel oil futures contract on August 6, 2019, APEX said on its website.

08-08-2019 18:57:38

CNPC extends oil production contract with Oman for 15 years

Beijing (JLC), August 8, 2019--China National Petroleum Corporation (CNPC) said Thursday that it has extended its oil production contract with Oman for a further 15 years.

08-08-2019 17:45:57

CNCEC signs EPC contract with Russia Oil & Gas Holding for Paykha project

Beijing (JLC), June 26, 2019--China National Chemical Engineering No.7 Construction Co., Ltd. (CC-7) recently signed an engineering, procurement and construction (EPC) contract worth $5 billion with Russia Oil & Gas Holding for the infrastructure construction of Paykha oil and gas fields project.

06-26-2019 14:32:50

China completes first physical delivery via SC crude contract

China concluded the first physical settlement of Shanghai crude futures contract (SC crude contract) on September 7, 2018, marking the newly launched contract has undergone all trading processes, the Shanghai Futures Exchange said on its official website on September 10.

09-11-2018 10:03:18

Ningxia Baofeng signs sales contract for CTO project

Ningxia Baofeng Energy Group (Ningxia Baofeng) has entered into a gasification equipment sales contract for its 600,000 mt/yr coal-to-olefin (CTO) and 2.2 million mt/yr methanol project, as JLC knows.

07-20-2018 18:10:56

CEFC & Rosneft's 5-year oil supply contract to come online

Starting from January 1st this year, Russian Rosneft will supply China CEFC Energy Co., Ltd with a estimated total volume of 60.8 million mt of crude oil within five years.

01-15-2018 11:31:09

More long-term coal contract was traded at ports, market coal prices may drop

In mid-June, Shenhua Group and China National Coal Group suspended the spot thermal coal sales. On July 11th, in order to guarantee coal using of the long-term coal contract users, Shenhua Trading Group issued the Notice about Stopping Selling the Spot Steam Coal again.

07-14-2017 18:24:29

Hansteel Company signs cooperation contract with Hebei Port Group

HBIS Group Hansteel Company officially signed strategic cooperation framework agreement with Hebei Port Group to build long-term strategic partnership and reach a consensus of deepen cooperation on port logistics, transport, iron ore and steel business

06-14-2017 18:01:40

Shandong teapots’ plan of imported crude concentrated procurement in long-term contracts

According to JLC, Taishan Energy Summit Forum sponsored by Shandong Refining Chemical Industry Association was held in Shandong Kenli Petrochemical on June 4th.

06-06-2017 15:29:01

Port market coal prices drop below long-term contract price

China entered the traditional slack season of coal consumption, and affected by thermal power unit overhaul and downstream thick wait-and-see attitude, power plants had weak intentions to transport coal. The anchored vessels at ports around Bohai reduced against the peak season

05-17-2017 16:58:28

Saudi Aramco signs contract with CNOOC to supply crude for Huizhou Refinery

According to foreign media in Singapore on March 23rd, Saudi Aramco signed an one-year contract with CNOOC to supply crude oil for the forthcoming 2nd Project of CNOOC Huizhou Refinery.

03-27-2017 18:00:31

Railway bureaus to sign transport contracts with coal producers and power plants

China Railway Corporation will push railway bureaus to sign production, transportation and demand contracts with coal suppliers and buyers.

12-07-2016 16:30:56

Kailuan and Jizhong Energy ink 5.72 mln mt coal supply term contract with power plants

Kailuan Group and Jizhong Energy Group inked 5.72 million mt coal supply medium and long term contract with five major power groups’ branches in Hebei province and Hebei Construction & Investment Group Co., Ltd alike.

12-07-2016 14:57:02

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