SINOPEC CORP (00386.HK)'s trading arm, Unipec, chartered a number of supertankers last Friday (10th), shoring up the freight rate sharply for each VLCC carrying 2 million barrels of crude oil, report ...

The President’s Media Division yesterday revealed that a $ 3.7 billion investment by leading Chinese global petroleum firm Sinopec was formalised with the signing of an agreement with the Ministry of ...

Sri Lankan President Anura Kumara Dissanayake's recent visit to China has bolstered strategic ties between the two nations.

Sri Lanka will receive its largest FDI from China with a $3.7 billion investment in an oil refinery under China's BRI.

China's oil demand and refinery throughput declined in 2024 for the first time in decades, driven by a shift towards electric vehicles and LNG trucks.

Although they have not been included in the total production capacity for the time being due to the low stability of the plants, the overall production capacity is still expected to continue to rise.

Chinas oil refining sector is bracing for significant disruptions as fuel demand peaks earlier than expected and Beijing ...

Worst off are independent fuel producers known as teapots, mostly located in east China's Shandong, which make up a quarter ...

It aims to raise roughly $2.2bn, which would make it one of the biggest energy public offerings in over a decade. The ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, ...

China has pledged a $3.7 billion investment in Sri Lanka for an advanced oil refinery, marking the largest-ever foreign ...