china teapot oil refinery sets up singapore office

China 'teapot' oil refinery sets up Singapore office

2016-12-22· Sinochem Hongrun Petrochemical Co. Ltd, a Shandong-based independent refiner and fuel exporter, plans to open a Singapore trading office early next year, the latest of China's so-called teapot

Get Price
Chen Aizhu

China 'teapot' oil refinery sets up Singapore office

By Chen Aizhu. BEIJING, Dec 22 (Reuters) Sinochem Hongrun Petrochemical Co. Ltd, a Shandong-based independent refiner and fuel exporter, plans to open a Singapore trading office early next year, the latest of China's so-called teapot refiners to seek a presence in the global oil market.

Get Price

Chinese teapots the game changer in Chinas oil industry

Who Are They?The ChallengesIs This A Flash in The Pan?The Chinese teapots are privately owned unaffiliated refineries which are small in comparison to the major Chinese state-owned oil companies.3 Around 80 per cent of Chinese teapots are based in Shandong (an eastern province well known also for its gold deposits).Previously, all privately owned refineries were restricted from directly importing crude oil. Their crude oil feedstock had to be routed through the state-owned oil companies at a margin above market rates.4 Over the years, the monopo...

China’s Teapot Refiners Diversify As Exports Remain

2017-04-16· New federal regulations and Beijing’s increased favoritism towards nationalized oil refiners are pushing “teapots”, or small-scale independent refiners, to diversify their revenue sources

Get Price
Zainab Calcuttawala

China teapot refineries: Shandong teapot refiners to ramp

Singapore — Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week.

Get Price

International Implications of the Rise of China’s Teapot

2017-09-14· Collectively, the teapots account for a total refining capacity of 4.18 mbd as of 2015, or nearly a third of China’s total, up from just 10 percent in 2005. The growth of China’s teapot refineries also resulted in higher refinery utilization rates.

Get Price

China's teapot refiners expand aggressively to stay

More than half of China National Offshore Oil Corp.'s total refinery throughput comes from teapot refineries it has acquired since 2008 in Shandong and neighboring Jiangsu province. In 2010 PetroChina took a 50% stake in Shandong Dongming Petrochemical, one of the largest teapot refiners with 12 million mt/year of capacity, including a promise to supply crude oil to it.

Get Price

China's teapot refiners set to slow crude imports as tanks

2017-05-26· China's teapot refiners set to slow crude imports as tanks overflow. Chen Aizhu, Florence Tan. 4 Min Read. BEIJING/SINGAPORE (Reuters) As OPEC extends production cuts in a bid to tighten the oil

Get Price
Chen Aizhu

'Teapot' refineries stir up oil sector China Daily

A price war between China's State-owned oil majors has cut costs for motorists at gasoline stations in a move to combat overcapacity and the rise of teapot refineries. The China Petroleum and

Get Price

Chinese ‘teapot’ refineries brew co-ordinated crude

2016-09-06· A consortium of independent Chinese oil refineries trying to get out from under the shadow of powerful state-owned rivals has laid out plans for co-ordinated international crude sourcing, and

Get Price
Lucy Hornby

China’s ‘teapot’ oil refineries pose challenge to majors

2016-04-07· China’s independent oil refineries, known as “teapots”, are gaining in market share as a slowing economy rewards their more flexible business model, piling further pressure on margins at the

Get Price

An Obscure Oil Bet Takes Off Hellenic Shipping News

An Obscure Oil Bet Takes Off in Oil & Companies News 22/12/2016 Traders often turn to plain-vanilla options on oil futures to wager on crude prices, which recently have been whipsawed by oil

Get Price

China: Little Interest Seen for Russian Tender-Made-in

China's independent teapot refiners are showing little interest in participating in Russian M100 tenders that are set to be issued in late September or early October, market sources said Thursday. Only two 40,000 mt cargoes of Russian M100 fuel oil have been fixed to arrive in Shandong province in September to date, totaling less than a third of the 250,000 mt that arrived in August.

Get Price

China snapping up cheap Canadian oil, lured by $50

2018-10-11· China snapping up cheap Canadian oil, lured by $50 discount over U.S. crude Not only is it cheaper, but Canadian oil is rich in bitumen, used to build everything from roads and roofs as China

Get Price

Crude Oil Imports Continue on High Run Rates-Made-in

Crude Oil Imports Continue on High Run Rates Jan 16, 2016. Tags: oil product, bitumen. With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in northeastern Liaoning province plans to import around 500,000 mt/month of

Get Price

China's Independent Oil Refineries: An Inside Look

China's Independent Oil Refineries: An Inside Look Surviving Amid Mounting Challenges Exclusive Report from 5-day Tour, Executive Interviews, at Shandong Teapot

Get Price

China to boost oil imports by privatizing refineries

China to boost oil imports by privatizing refineries Jul 27, 2015 12:00 AM By Tom McGregor, freelancer based in Beijing China is the world’s largest importer of oil & gas and continues to experience rising energy demand due to a nationwide urbanization drive that has raised living standards for the entire country. Accordingly, China’s top 3 state-owned oil companies Sinopec, CNOOC

Get Price

Thailand Industry Focus Thailand Oil Refinery DBS Bank

Hence, we are NEUTRAL on oil refinery stocks with BCP as our top pick due to its undemanding valuation and attractive yield. 4Q16E preview. We estimate the 4Q16 earnings of the four Thai oil refiners under our coverage using available information on hand. We expect these companies to report stronger profit q-o-q in a range of 21-29% due to higher refining margins and inventory gains. The y-o-y

Get Price

Shell in Singapore Shell Singapore

Shell’s Bukom refinery loads its first cargo of LSFO Shell’s manufacturing site at Pulau Bukom, Singapore has loaded its first cargo of low-sulphur fuel oil (LSFO). This is the first time Shell has made LSFO from its own upstream crude.

Get Price

Total in Singapore total Oil, Natural Gas and Low

Total in Singapore . 09/18/2017 . Our operations in Singapore date back to 1982 and primarily cover exploration and production, marketing of petroleum products and related services, trading and petrochemicals. We also lead community outreach initiatives in the country, with a focus on road safety and education.

Get Price

Thailand Industry Focus Thailand Oil Refinery DBS Bank

Hence, we are NEUTRAL on oil refinery stocks with BCP as our top pick due to its undemanding valuation and attractive yield. 4Q16E preview. We estimate the 4Q16 earnings of the four Thai oil refiners under our coverage using available information on hand. We expect these companies to report stronger profit q-o-q in a range of 21-29% due to higher refining margins and inventory gains. The y-o-y

Get Price

China June Oil Refinery Throughput Close to Record

BEIJING, July 17 (Reuters) China's oil refineries ramped up throughput in June to the second highest on record, with some independent plants raising output even as state oil majors prepare to

Get Price

Crude refusal: China shuns U.S. oil despite trade war

2018-12-21· SINGAPORE (Reuters) China, the world’s top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two

Get Price

Crude refusal: China shuns U.S. oil despite trade war

SINGAPORE (Reuters) China, the world’s top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high freight costs and political uncertainty choking demand.

Get Price

Our history in Singapore ExxonMobil Singapore

ExxonMobil's history in Singapore began in 1893 with the set-up of the Vacuum Oil Company (of which Standard Oil had majority stake) at Robinson Quay, which sold mainly kerosene and lubricants under the Mobil Oil brand name. Vacuum Oil later became a subsidiary of Standard Oil, which set up office at Union Building in Collyer Quay in 1916. Soon after, the Flying Red Horse or Pegasus logo made

Get Price

Dancing lions herald arrival of more Chinese oil traders

2016-09-14· Dancing lions that jumped to deafening drum beats marked the opening of one of two new Chinese trading companies in Asia's oil hub of Singapore last week, a sign of the increasing reach of China

Get Price

Crude refusal: China shuns U.S. oil despite trade war

2018-12-21· SINGAPORE (Reuters) China, the world’s top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high freight costs and political uncertainty choking demand. That muted appetite means the United States, which became the

Get Price

Asia oil refiners mull run cuts after margins hit lowest

2019-05-23· Asia's oil refiners are considering reducing output after margins slumped to their lowest for the season since 2003, according to industry sources and Refinitiv data. Companies that planned to trim output include SK Energy, a unit of SK Innovation, the Singapore Refinery Company (SRC), owned by

Get Price

China Oil and Gas export.gov

Overview. In 2018, China had record oil and gas imports and remains the number one crude oil importer in the world after surpassing the United States in 2017 and is the number two natural gas importer, behind Japan, according to the International Energy Administration.

Get Price

List of Crude_Oil_Refineries Resources GEO

About GEO. GEO is a set of free interactive databases and tools built collaboratively by people like you. GOAL: to promote an understanding, on a global scale, of the dynamics of change in energy systems, quantify emissions and their impacts, and accelerate the transition to carbon-neutral, environmentally benign energy systems while

Get Price

China Oil and Gas export.gov

Overview. In 2018, China had record oil and gas imports and remains the number one crude oil importer in the world after surpassing the United States in 2017 and is the number two natural gas importer, behind Japan, according to the International Energy Administration.

Get Price

Husky Energy

2019-08-26· Husky Energy is a Canadian-based integrated energy company. It is headquartered in Calgary, Alberta, and its common shares are publicly traded on

Get Price

Crude refusal: China shuns U.S. oil despite trade war truce

2018-12-21· By Florence Tan and Chen Aizhu. SINGAPORE (Reuters) China, the world's top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high freight costs and political uncertainty choking demand.

Get Price

Chinese Oil Demand Growth Could Slow Down Soon

A new taxation regime and higher oil prices could slow down Chinese oil demand growth in the coming months as Chinese ‘teapot’ refineries see their margins shrink

Get Price

Article: India alarmed at Saudi oil refinery project

Pakistan's latest announcement about Saudi Arabia's investment in an oil refinery at the strategic port of Gwadar has set alarm bells ringing in India. James M. Dorsey, a senior fellow at the S

Get Price

Refining & Processing > Refining > Construction Oil

Articles, news, products, blogs and videos covering the Refining & Processing > Refining > Construction market.

Get Price

10 major Oil & Gas projects to watch in 2019 fircroft

What does 2019 hold for the global oil and gas industry? As experts in engineering and specialist workforce solutions, Fircroft always strives to maintain an informed view of the major projects that are expected to start up during any given year- and the skills and

Get Price

HIN LEONG TRADING (PTE.) LTD

Singapore oil trader Lim eyes China home for storage (March-April, 2013) INTERVIEW-Singapore oil trader Lim eyes China home for storage (Jan 18, 2013) Fourth refinery to oil Singapore's hub status (Dec. 22, 2010) View All. AFFILIATED COMPANIES. Ocean Bunkering Services . Ocean Bunkering Services (Pte.) Ltd., bunkering arm of Hin Leong Group, is widely recognized as leading supplier of

Get Price

Qoo10 Ru quick Cup Kettle gongfu tea set Office travel

Incredible shopping paradise! Newest products, latest trends and bestselling items、Ru quick Cup Kettle gongfu tea set Office travel one or two cups of stoneware ceramic teapot Tea Cup:Kitchen & Dining, Items from Singapore, Japan, Korea, US and all over the world at highly discounted price!

Get Price

Starting a Trading Company in Singapore

Starting a Trading Company in Singapore Singapore has long been known as an important ‘port of call’ for traders, especially those dealing between the eastern and the western time zones. According to the latest statistics by the World Trade Organization, Singapore is the 14th largest merchandise exporter in the world and has a trade to GDP ratio of 404.9. If you plan to incorporate a

Get Price
Get In Touch
Top