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New Private Chinese Refinery In Talks For Long-Term Saudi

Hengli Petrochemical, a unit of private Chinese chemical giant Hengli Group, is in talks with Saudi Aramco for long-term crude oil supplies for its new 400,000-bpd refinery

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Chinese refiner Hengli to receive first Saudi crude oil by

2018-05-30 SINGAPORE (Reuters) Chinese private chemical producer Hengli Group will receive its first cargo of Saudi crude oil by July as it prepares a new refinery for trial runs to be held in October, a source with knowledge of the matter said.

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List of oil refineries Wikipedia

This is a list of oil refineries.The Oil & Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state

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Aramco In Talks With Chinese Petrochemical Producers

Aramco is in talks with Chinese petrochemical producers that are building new plants to supply them with crude, a company vice-president told Bloomberg. The talks are part of Saudi Arabia’s

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Saudi Aramco In Talks To Buy $2B Stake In PetroChina

Back in 2011, Saudi Aramco said it had signed a memorandum of understanding to provide up to 200,000 bpd of Arabian crude oil via a long-term contract to the PetroChina refinery

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Saudi Aramco Backs $25 Billion Teapot Refinery Caixin

2018-10-18 China’s independent refineries have long faced an uncertain existence, operating in the shadows of their giant state-owned cousins. But one has received a major vote of confidence with the backing of global giant Saudi Arabian Oil Co. (Saudi Aramco), which announced a major new investment in East China’s Zhejiang province on Thursday.. Saudi Aramco has signed a

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Saudi Aramco In Talks To Build Refinery in China

Saudi Aramco is negotiating with China National Petroleum Corporation (CNPC) to build a refinery in China, Aramco chairman Khalid al-Falih, who is also Saudi

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Russia is China's top crude oil supplier, ahead of Saudi

Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on Friday.

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Saudis Buy Into Chinese Mega Oil Refinery to Lock In Sales

2018-10-18 Saudi Arabia will buy a stake in an upcoming Chinese mega refinery, its latest investment in the world’s biggest oil market as it pursues a strategy of securing avenues for oil

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Saudis Buy Into Chinese Mega Oil Refinery to Lock In

2018-10-18 Saudi Arabia will buy a stake in an upcoming Chinese mega refinery, its latest investment in the world’s biggest oil market as it pursues a strategy of securing avenues for oil sales.

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Saudi Aramco to make big investment in Reliance

2019-08-13 Under the proposed investment, Saudi Aramco would supply Arabian crude oil to the Jamnagar refinery on a long-term basis. We have a long-standing crude oil relationship with Saudi Aramco and we

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What Explains China’s Thirst For Saudi Oil OilPrice

The new Chinese refinery, which started trial runs at the end of last year, is set to import between 194,000 bpd and 258,000 bpd of Saudi Arabian crude oil this month, after having bought 258,000

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Saudi Aramco to Invest $200 Billion in Bloomberg

2012-01-16 Saudi Aramco, as the state-run company is known, is preparing for talks about “final terms” for a Chinese refinery and is still waiting for “good terms to be put on the table” for a

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China's Hengli Petrochemical in talks to take Saudi crudes

China s independent refiner Hengli Petrochemical is in talks to secure crude shipments from Saudi Arabia for its trial run in October as it has applied for 20 million mt/year of quota for cracking imported crude oil, a company source said Thursday.

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China, Saudis to Discuss CIC, CNPC Investment

2017-03-16 China’s in talks with Saudi Arabia for its sovereign wealth fund and largest energy company to invest in the initial public offering of the Middle East nation’s state oil producer, according

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Saudi Aramco in advanced talks to buy China refinery

The refinery, which began operations at full capacity in July, is a joint venture between Saudi Aramco, the world's biggest oil company, and China's Sinopec.

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Saudi Aramco to supply crude to new PetroChina refinery

2011-03-20 Saudi Arabia's Aramco said on Sunday it has signed a memorandum of understanding to supply crude to a planned refinery in southwest China, where Beijing is building an oil

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Chinese refiner Hengli to receive first Saudi crude oil by

2018-05-30 SINGAPORE, May 30 (Reuters) Chinese private chemical producer Hengli Group will receive its first cargo of Saudi crude oil by July as it prepares a new refinery for trial runs to be held in

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China, Saudi Arabia eye $65 billion in deals as king

2017-03-16 Saudi Arabia's King Salman oversaw the signing of deals worth as much as $65 billion on the first day of a visit to Beijing on Thursday, as the world's largest oil exporter looks to cement ties

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Oil refiners opt for long-term strategy Financial Times

2009-08-12 The Saudi and Chinese governments, with ExxonMobil, own a $5bn refinery in Fujian province, which received its first Saudi crude oil in February. State-owned Saudi

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Saudi Arabia's New Best Friend: China? The National

2015-09-02 However, while Saudi Arabia values the long-term potential of the Chinese market for Saudi crude, petrochemicals and refined oil products, the real appeal of Chinese

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Saudi oil refinery attack unites China with India, other

2019-09-17 Long Term. Over the long term, the current crisis may steer Japan, South Korea and India more toward China’s model of building strategic infrastructure around the globe to

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Saudi Aramco shifts strategy in China to boost oil sales

2019-03-14 Rising Russian and U.S. competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift toward independent refiners and newcomers to the business.

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Saudi Aramco Is in Talks to Buy PetroChina Refinery

State-owned oil giant Saudi Arabian Oil Co. is in talks to invest billions of dollars in a Chinese state-owned oil refinery, according to people familiar with the matter. The deal—which could be

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How the Saudi-Canada feud forces billionaire Irvings to

Barely a tenth of Canada’s total crude imports came from Saudi Arabia last year, but according to the National Energy Board’s first-ever Canadian Refinery Overview published in April 2018, the Saudis provided nearly 40 per cent of Atlantic Canada’s crude oil supplies last year. While the Saudi government has stressed oil flows will not be

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Saudi oil refinery deal shows close ties|Top News

RIYADH, Saudi Arabia In what Riyadh calls the largest expansion by any oil company in the world, Sinopec's deal on Saturday with Saudi oil giant Aramco will allow a major oil refinery to become

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Saudi Arabia to invest $100 billion in India, cites Aramco

New Delhi: Saudi Arabia, the world’s biggest oil exporter, is looking at investing USD 100 billion in India in areas of petrochemicals, infrastructure and mining among others, considering the country’s growth potential. Saudi Ambassador Dr Saud bin Mohammed Al Sati has said India is an an attractive investment destination for Saudi Arabia and it is eyeing long-term partnerships with New

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China Guzzles More Saudi Oil Caixin Global

2019-11-27 China’s thirst for Saudi Arabian oil continues to grow on the back of massive refinery joint ventures, and the nation is also drawing more crude from Russia, as imports from the U.S., Iran and Venezuela dwindle, fresh Chinese customs data for the year to November show.

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Oil, gas and petrochemicals projects to watch in 2019

2019-01-22 Hosting more than 50 per cent of global crude oil reserves and 45 per cent of gas deposits, the Middle East and North Africa (Mena) region is home to the world’s biggest oil, gas and petrochemicals projects spenders. More than $443bn-worth of major oil

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Global Oil Demand Set To Tumble As China Cracks Down

The importance of teapots to what remains a market mired in excess OPEC oversupply, was highlighted earlier this year when one of them purchased a spot cargo from Saudi Arabia, which broke from its usual policy of selling only under long-term contracts. Iran’s state-run oil company is said to be in talks to sell more crude to Trafigura in a

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Saudi Arabia looking at investing $100 billion in India

Saudi Ambassador Dr Saud bin Mohammed Al Sati has said India is an attractive investment destination for Saudi Arabia and it is eyeing long-term partnerships with New Delhi in key sectors such as

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The Reality of the Sino-Russian Oil Alliance The Diplomat

2017-04-26 Talk of a so-called Sino-Russian oil alliance or strategic partnership dates back to Rosneft’s landmark deal with CNPC in 2013, reportedly worth $270

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Saudi Aramco building energy bridge with China to cut

2019-03-26 Chinese President Xi Jinping, left, and Saudi King Salman bin Abdulaziz Al Saud, right, inaugurate the operation of the Yasref oil refinery, a joint venture between Saudi Aramco and China's

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Oil Market Dynamics: Saudi Arabia Oil Policies and US

Oil Market Dynamics: Saudi Arabia Oil Policies and US Shale Supply Response Bassam Fattouh CRUDE AND REFINED PRODUCTS MARKETS: TRANSIENT SHOCK OR SECULAR CHANGE? WORKSHOP, THE HAGUE 18 MARCH 2014 Oxford Institute for Energy Studies . Oil Price Breaks Away from the Narrow Price Band • Many moving parts in oil market Monthly Brent Prices ($/Barrel) dynamics despite the stability of the oil

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Refinery News Roundup: Middle East autumn works

The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries, as part of its long-term downstream growth strategy,” Saudi Aramco and Shell said in a

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Oil near 12-week high after Saudis surprise with output

Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members.

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Saudi Aramco looks to Asia for its energy growth

Economy Saudi Aramco looks to Asia for its energy growth. As oil giant prepares a record-breaking IPO, new energies are entering the mix

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Does the US really need Saudi oil? — RT Business News

Saudi Arabia desperately needs the US for security, weapons and as a massive consumer of crude oil (Saudi Aramco also owns the largest oil refinery in the US, the Motiva facility in Port Arthur, Texas). For some reason, American officials have long thought that it is Saudi Arabia that holds all the cards.

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Oil rises to $57 on China-U.S. trade talks, OPEC cuts By

By Alex Lawler. LONDON (Reuters) Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China's services sector expanded

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