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    CNOOC Limited Announces Key Operational Statistics for Q1 2020

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    Offshore Gas Field Nod From The US To Trinidad And Tobago

    Uganda Begins First Oil Drilling Project Under $10bn Scheme

    Dutch government invites Shell, Exxon to join $2.6B subsea carbon storage plan

    TechnipFMC awarded $250 million subsea service contract offshore Brazil

    Sinopec creates record by drilling 8,725 meters deep oil, gas field

    Uganda expects oil production by 2025 with new drilling activity

    Trillion Energy to increase gas production at SASB gas field with three new side-track wells

    Total-Eni partnership in offshore gas drilling

    PETRONAS awards three production sharing contracts offshore Malaysia

    Perenco Brazil’s FSO ‘sets sail to Pargo Cluster offshore Brazil

    Eni Ghana launches Business and Market Fair in Sanzule, Western Region

    Eni to invest $8 billion in two Libyan natural gas fields

    Norway Plans To Offer Record 92 Oil & Gas Exploration Units

  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

    QatarEnergy, GE to develop carbon capture roadmap

    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

    offshore contract by Al Yasat Petroleum

    INEOS and partners approved to develop Solsort field offshore Denmark

    TechnipFMC awarded significant subsea contract for Shell’s North Sea development

    Petronas hires Maersk semi-submersible for Suriname exploration

    PETRONAS Announces New Gas Discovery in Central Luconia Province, Offshore Malaysia

  • Market Reports

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    CNOOC Limited Announces Key Operational Statistics for Q1 2020

    Aramco announces second quarter and half-year 2020 results

    bp agrees to sell its petrochemicals business to INEOS

    bp agrees to sell its petrochemicals business to INEOS

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China’s Refining Capacity to Reach 15.8 Mln Bpd by 2020-Report

Yuvraj_ong by Yuvraj_ong
September 26, 2014
in Downstream, Market Reports, Refining
0

China, the world’s top energy consumer, plans to have a total refining capacity of 790 million tonnes a year, or 15.8 million barrels per day (bpd) by 2020, an industry website quoted a government official as saying.

 

That represents a rise of 32 percent from around 600 million tonnes a year (12 million bpd) the government has planned for 2015.

 

Refining capacity will rise further to 850 million tonnes, or 17 million bpd by 2025, the China Petroleum and Chemical Industry Federation quoted Cao Chuanzhen, an official of petrochemical division of the National Development and Reform Commission (NDRC) as saying on its website. (www.cpcia.org.cn)

 

According to a new development plan and layout for China’s petrochemical industry, which was approved by the cabinet earlier this month, China’s ethylene production capacity will reach 33.5 million tonnes in 2020 and 50 million tonnes in 2025, it said.

 

That represents a rise of 24 percent and 85 percent respectively from 27 million tonnes the government has planned for 2015.

 

Production capacity of aromatics will reach 30.65 million tonnes in 2020 and 40 million tonnes in 2025, it said without giving comparative figures.

 

Chinese oil majors such as Sinopec and PetroChina have been expanding their refining capacity rapidly over the past two decades to chase the robust demand growth in the world’s second-largest economy.

 

However, they are pacing down expansion recently in the face of tighter environmental scrutiny and slowing demand growth.

 

Sinopec is scaling back billions of dollars in petrochemical investments on revived U.S. competition in the sector and as local opposition grows to oil and gas plants due to environmental concerns.

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