Sinopec Says Some Refineries Would Be Hit by a Halt in Iran Crude Oil Buying

Source: www.gulfoilandgas.com 9/1/2018, Location: Asia

Huang Wensheng, vice president of the company formally known as China Petroleum & Chemical Corp, said in the first public comment about Washington’s decision to resume sanctions on Iran that some of their downstream refineries were designed for refining Iranian oil and If they stop imports, the refineries will be negatively affected and benefits would be affected as well.

Huang added that the ongoing trade spat between U.S. and China will have a limited impact on the company’s profits.

Sinopec along with some other Chinese refineries have taken some actions such as using vessels owned by National Iranian Tanker Co. to safeguard supplies,Reuters News reported on Monday.


Belgium >>  8/11/2022 - Kpler, the leading provider of technology-led data, analytics, and market insight, announced that it has entered into an exclusive partnership with II...
United States >>  8/8/2022 - We’ve been awarded two contracts by Corpus Christi Polymers for its polyethylene terephthalate (PET) and purified terephthalic acid (PTA) plant in Cor...

Nigeria >>  7/24/2022 - The Dangote’s $2 billion Petrochemical Plant located at Ibeju-Lekki, Lagos State when fully operational will position Nigeria as one of Africa’s large...
Brazil >>  7/21/2022 - At the end of June, the Petrobras refineries' Utilization Factor (FUT) achieved 97%. The information is one of the highlights of the company's 2nd Qua...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.