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Trafigura and SPG inaugurate Shandong-based JV

Guangzhou (JLC), November 16, 2023 – Global trading giant Trafigura and Shandong Port Group (SPG) inaugurated their joint venture (JV) in Qingdao, Shandong province on November 15.

11-16-2023 17:17:01

Tarim Basin becomes China’s largest ultra-deep oilfield production base

Guangzhou (JLC), September 4, 2023 – Tarim Basin in Xinjiang Uygur Autonomous Region has become China’s largest ultra-deep oilfield base.

09-04-2023 18:49:33

China launches new CNY-based bonded bunker assessments

Guangzhou (JLC), June 25, 2023 – China has launched on June 20 its new CNY-based bonded bunker assessments, which are now published on the website of Shanghai Petroleum and Natural Gas Exchange.

06-25-2023 17:54:11

SW China's biggest rubberized asphalt manufacturing base starts operation

Guangzhou (JLC), June 21, 2023--Guangxi Transportation Science and Technology Group put its rubberized asphalt manufacturing base into operation on June 16, 2023.

06-21-2023 19:17:54

Sinochem starts up South China’s largest third-party oil product transit base

Guangzhou (JLC), June 15, 2023--Sinochem Zhuhai Petrochemical Storage and Transportation (Sinochem Zhuhai) put its phase III project into operation on May 30, making the whole project the largest thir

06-15-2023 15:59:32

Shandong-based independents’ refining margins still plunge in early Apr

Guangzhou (JLC), April 7, 2023--Shandong-based independents’ refining margins for imported crude continued to plunge in early April when import costs surged sharply.

04-07-2023 10:48:43

Shandong-based independents’ refining margins plunge in late Mar

Guangzhou (JLC), March 29, 2023--Shandong-based independents’ refining margins for imported crude fell back from the previous high in late March, as import costs increased and downstream product pric

03-29-2023 19:04:44

Shandong-based independents’ refining margins drop on higher costs

Guangzhou (JLC), March 9, 2023--Shandong-based independents’ refining margins for both imported and domestic crude rolled back this week, mainly due to cost inflation.

03-09-2023 11:57:40

Shandong-based independents find better refining margins

Guangzhou (JLC), March 2, 2023--Shandong-based independents found more considerable margins for crude refining this week when crude costs fell while downstream fuel prices grew.

03-02-2023 14:13:29

Shandong-based independents’ refining margins surge faster

Guangzhou (JLC), February 1, 2023--Shandong-based independents’ refining margins for imported crude surged much faster this week, because of a further rise in downstream product prices and a reduction

02-01-2023 19:23:04

Shandong-based independents find higher refining margins

Guangzhou (JLC), January 18, 2023--Shandong-based independents found more refining margins for both imported and domestic crude this week, mainly as a result of higher oil product prices.

01-18-2023 18:09:10

Shandong-based independents’ refining margins surge rapidly

Guangzhou (JLC), January 11, 2023--Shandong-based independents found soaring refining margins for imported crude this week, as import costs fell back while most product prices ticked higher.

01-11-2023 19:15:26

PetroChina completes China’s largest commercial crude base

Guangzhou (JLC), December 10, 2022--PetroChina completed the construction of the country’s largest commercial crude base with a storage capacity of 5.2 million cubic meters (cbm) on November 30.

12-10-2022 10:27:58

Shandong-based independent refiners stagger on dim demand

Independent refiners in Shandong have had difficulties getting price boosts in recent weeks due to a torpid demand recovery.

07-26-2022 19:20:36

PetroChina Dalian Refinery relocation to help build Dalian to intl. petchem base

Beijing (JLC), June 16, 2021--The relocation of PetroChina Dalian Petrochemical to Changxing Island, Dalian in northeast China's Liaoning province has been on the agenda, and is expected to help build Dalian into a world-class petrochemical industrial base.

06-16-2021 13:40:12

Sinopec starts building Gulei commercial crude base in Fujian

Sinopec started the construction of a commercial crude base in Southeast China's Fujian province on November 20, the local government announced.

11-23-2020 12:04:37

China licenses three Fujian FTZ-based companies to import crude

China's Ministry of Commerce (MOC) has officially licensed three companies in the Fujian Pilot Free Trade Zone (FTZ) to import crude oil under the non-state-trade category, according to these companies’ announcements.

07-13-2020 15:00:26

Sinopec completes new commercial crude base

Sinopec Luoyang Petrochemical in central China's Henan took over a new commercial crude base on June 16, after this base was completed by Sinopec’s Pipeline Transportation and Storage Co, Sinopec said on its news website on June 17.

06-17-2020 12:00:34

Panjin to become world-class petrochemical base

Beijing (JLC), November 13, 2019--Northeast China’s Panjin city will become a world-class petrochemical base in the five years to come, backed by a raft of large projects built by leading petrochemical companies, according to Fu Zhongwei, the secretary of the city.

11-13-2019 17:36:30

Shandong-based independents' naphtha output climbs in Sep

Beijing (JLC), October 17, 2019--Shandong-based independent refiners’ naphtha production in September was 12.02% higher from month-ago level at 677,740 mt, JLC data shows.

10-17-2019 16:36:05

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