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Russia to supply 70% of oil to JV in China
September 3,2010 --- Russia will supply about 70 percent of oil at market prices for a proposed joint refinery between Rosneft and China National Petroleum Corp (CNPC), Reuters said Thursday, citing a Russian news agency. The two companies signed an initial deal for the multi-billion-dollar Tianjin refinery more than four years ago, Reuters said.
CNPC, parent of PetroChina, will hold a 51 percent stake in the joint refinery, which is supposed to have an annual refining capacity of 15 million tons, while Rosneft, a leading company of the Russian petroleum industry, will take the remaining 49 percent, Zhang Guobao, China's energy.....more |
About China Energy Reports
covering China's energy market news and analysis, consisting of regular reports and customized reports such as China Coal Report and China Electric Power Report......more |
China LPG Reports
tracking LPG supply and demand situation, domestic refineries, crude runs, price movements, domestic arbitrage, shipping movement and analysis on news and events surrounding the LPG world in China .
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China Refining Monthly
providing the detailed and complete monthly statistic data which can help you picturize and understand the refineries¡¯ production situation in China......more |
China Oil Weekly
focusing on significant events surrounding the oil world in China every week as well as related laws and regulations, transportation, storage, corporate activities and related industries.. .....more |
China Natural Gas Weekly
keeping you informed of the current business activities, policies, major players and project developments of the China natural gas market......more |
China New Energy Weekly
bringing into focus the market of China new energy and alternative energy, energy saving and environmental protection......more |
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