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Sinopec replaces Luoyang Petrochemical with new subsidiary

Guangzhou (JLC), January 3, 2025 – Sinopec’s new subsidiary – Henan Refining & Chemical Co., Ltd. – officially began operation on January 1, 2025, replacing its predecessor Sinopec Luoyang.

01-03-2025 18:33:47

China unveils more details on truck subsidies

Guangzhou (JLC), August 5, 2024 – The Ministry of Transport and the Ministry of Finance jointly released on July 30 a new notice that provided more details on truck scrapping and replacement subsidies

08-05-2024 18:28:44

Sinopec subsidiary sells 1.9 mln mt of B5 biodiesel since 2017

Guangzhou (JLC), June 15, 2023 – Sinopec Shanghai Oil Products Company has sold more than 1.9 million mt of B5 biodiesel since 2017, its parent Sinopec said on June 12.

06-15-2023 18:32:43

Liaohe Petchem still tops PetroChina subsidiaries by LSFO exports

Guangzhou (JLC), September 8, 2022--Liaohe Petrochemical in northeast China has remained on top among PetroChina subsidiaries regarding the exports of low-sulfur fuel oil.

09-08-2022 18:17:38

China prepares to subsidize refiners amid sky-high crude prices

Guangzhou (JLC), June 29, 2022--China has lately released a notice about getting ready to subsidize oil companies as international crude prices hover close the ceiling that will trigger the subsidy.

06-29-2022 18:05:42

Shandong Qingyuan's subsidiary starts up new delayed coker

Shandong-based Qingyuan Group’s subsidiary Fangyu Lubricating Oil started up a 1.40 mln mt/yr delayed coker successfully on January 7, 2021, Qingyuan announced.

01-08-2021 18:16:42

PetroChina pushes subsidiaries to export more gasoline

PetroChina started to give underlying companies subsidies for exporting gasoline each month as the domestic supply glut is worsening amid increased production.

07-04-2019 15:50:54

China to subsidize vehicles to boost consumption

China plans to subsidize vehicles under certain conditions to promote consumption, according to a plan by the National Development and Reform Commission (NDRC) and nine other Chinese departments on January 28.

01-30-2019 18:03:49

Sinopec may subsidize marketing companies

Sinopec may subsidize its marketing companies by lowering internal ex-refinery prices to boost the profit in the sales sector, according to sources from the company.

09-10-2018 17:41:19

Two subsidiaries of DIPGC sign coal purchase and sale framework agreement

Accordingly, China Datang Corporation is the controlling shareholder of DIPGC and it jointly held 34.77% of DIPGC issued share capital with the two subsidiaries- Shanxi Fuel Company and Gansu Fuel Company.

06-15-2017 13:51:12

UBS: Brent to rise above $60/bbl

According to United Bank of Switzerland (UBS), Brent crude oil futures might probably surpass $60/bbl in the next three months on global shortage of petroleum products, regardless of soaring U.S. inventory.

03-31-2017 12:00:58

UBS: Brent to rise above $60/bbl

According to United Bank of Switzerland (UBS), Brent crude oil futures might probably surpass $60/bbl in the next three months on global shortage of petroleum products, regardless of soaring U.S. inventory.

03-30-2017 18:02:33

Biodiesel will keep upward trend with or without the subsidy policy from US government

Through the analysis on US energy policies, the introduction of biodiesel industry development, the biodiesel supply-demand in major producing countries, the feedstock input, the capacity utilization rate and the analysis on the biodiesel production cost and profit,

03-29-2017 15:38:56

High-quality coal even cheaper than common coal with a CNY400/mt subsidy

According to the Jinan Coal Industrial Development Bureau, subsidies for quality coal and new type stoves are to take effect soon, as reported on May 25th.

05-27-2016 10:05:23

Three enterprises acquired the interest subsidy of oil products upgrade

Shaanxi Yanchang Petroleum, North Huajin Chemical Industry Group and Hebei Xinhai Chemical Group applied for the subsidized loan and interest subsidy of oil products quality upgrade projects

05-23-2016 10:37:41

Oil price subsidy adjustment on rural transport, deep-sea fishing and forestry

Recently, China’s Ministry of Finance, Ministry of Transport, Ministry of Agricultural and State Forestry Administration released the notice on the oil price subsidy policy adjustment of rural transport, taxi, deep-sea fishing and forestry industries.

05-12-2016 14:05:27

CNOOC Canada subsidiary Nixon oil-conveying pipe had spill incident

On July 17th morning, 2015, Beijing standard time, according to Alberta Energy Administration, CNOOC Canada subsidiary Nixon announced that spill incident totaled around 31.5 thousand barrels happened in oil sand zone with oil, sand and water spillage due to oil-conveying pipe problems.

07-17-2015 16:43:36

Notification: subsidy policy about oil products prices of urban bus

From 2015 to 2019, match the amount of inflation subsidy with promoting quantity of new-power buses.

05-21-2015 14:13:52

Shale gas subsidy will be continued during the 13th Five-Year-Plan

According to China Ministry of Finance, during the 13th Five-Year-Plan period, the government will continue to implement the policies for shale gas subsidy in order to speed up shale gas development, adjust energy structure and promote energy saving and emission reduction.

05-06-2015 17:24:53

China will cut down subsidies to shale gas

According to the Financial Times, China has announced to cut down subsidies to shale gas exploitation, which will further reduce China’s competitive edge to its US counterpart in competition of market shares.

04-30-2015 18:14:25

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