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The Latest Breaking News from Sinopec

Fuel supplies disrupted across Sri Lanka as private firms seek relief from rising costs

Fuel supplies in Sri Lanka have been disrupted after private distributors reduced diesel deliveries, citing steep increases in global fuel, shipping, insurance and security costs amid uncertainty around the Strait of Hormuz.

The Times of India

A fire at a gas and chemical plant in Russia's Far East has killed 15

Fifteen people have been killed in a blaze at the Amur Gas Chemical Complex in Russia’s Far East, the company that runs the plant said

The Independent UK

Sinopec unit signs engineering deal for Central Asia's first large-scale integrated biojet fuel complex

Sinopec Engineering will design Central Asia's first large-scale sustainable aviation fuel complex. This project in Uzbekistan will produce biomass-based SAF and e-SAF. The complex will utilize sorghum, rice husks, and straw as its primary feedstock. Solar power will serve as the main electricity source for the plant. This initiative supports…

The Economic Times

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China state refiners considering resuming Iran oil imports, sources say

China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a potential shift since 2019. Despite this, industry sources suggest interest may be tempered by ample alternative supplies and weakening domestic fuel demand. The complex logistics of banking, insurance, and…

The Economic Times

China learns to live on less fuel, to the relief of oil markets

China's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles and public transport. This behavioral change, driven by higher fuel prices and the property crisis, is leading to reduced crude oil imports and has major implications for global oil markets.

The Economic Times

Vessels carrying Mideast oil, LNG exit Hormuz for Pakistan, China

SINGAPORE - Two ‌liquefied natural gas tankers were exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.

Bangkok Post

Iran war: Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, China

Iran war news: An LNG tanker, Fuwairit, is exiting the Strait of Hormuz for Pakistan. A supertanker, Eagle Verona, carrying Iraqi crude for China, has also left the Gulf. Shipping through the Strait of Hormuz is significantly reduced due to the U.S.-Israeli war on Iran. These vessels are among a…

The Economic Times

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Full Truck Alliance Q1 Earnings Call Highlights

Full Truck Alliance (NYSE:YMM) reported steady first-quarter 2026 growth, with management pointing to stronger order activity, improved platform governance and increased use of artificial intelligence tools across its digital freight marketplace. Founder, Chairman and Chief Executive Officer Hui Zh

MarketBeat

Energy Insider: Geely Launches First EV in U.K.

Energy Insider: Rio Tinto, SPIC pilot electric mining trucks in Mongolia, GAC Group’s losses widen on fierce competition

Caixin Global

Sri Lanka Signs Landmark $3.7 Bn Deal With Chinese State Oil Giant

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday.

International Business Times

Origin Energy defends complex switch to renewables, gas

As China pushes for cheaper Australian LNG, shareholders of energy retailer and east coast gas producer Origin Energy have been warned of a "messy" transition.

AAP

US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka

A U.S. petroleum company has signed an agreement with Sri Lanka allowing it to import and sell fuel in the country as the Indian Ocean nation grapples with an economic and energy crisis

The Independent UK

China's Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka

Chinese petroleum giant Sinopec has signed an agreement with Sri Lanka to enter its retail fuel market

The Independent UK

China’s Sinopec to Take 5% Share in Qatar’s North Field East

China's state-owned oil and gas giant Sinopec will take a 5% stake in Qatar's North Field East expansion, part of the world's largest liquefied natural gas (LNG) project, state news agency QNA reported on Wednesday. QatarEnergy had said previously that it could give up to a 5% stake in the…

Asharq Al-Awsat

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Reuters

Factbox-China's energy investments in Russia

Chinese state energy giants have made a number of multi-billion dollar investments in Russia, one of China's top oil and gas suppliers, across various stages of the energy supply chain.

Caixin Global

China Green Bulletin: Chinese Lithium Firms Have Bolivia in the Crosshairs

The South American country has the world’s largest reserves of the key EV battery raw material, but political and practical obstacles have prevented the nation from becoming a significant global supplier

Al Jazeera

How will Raisi’s Beijing visit affect Iran-China ties?

Tehran wants to expand ties with its ‘strategic’ partner, but it faces serious hurdles.

Asharq Al-Awsat

China's CNPC Set to Seal Mega Qatari LNG Deal

China National Petroleum Corp (CNPC) is close to finalizing a deal to buy liquefied natural gas (LNG) from QatarEnergy over nearly 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter told Reuters. If sealed, this would be the second such…

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Asharq Al-Awsat

Saudi Arabia, China to Implement Refining and Petrochemical Projects

Saudi Arabia and China intend to explore cooperation opportunities in refining and petrochemical projects after the significant energy companies signed memorandums of understanding (MoU) to implement several projects. Saudi Aramco, Chinese Petroleum and Chemical Corporation (Sinopec), and SABIC are exploring cooperation opportunities in refining and petrochemical projects in China and…

Reuters

Factbox-Saudi-China energy, trade and investment ties

Saudi Arabia and China signed a series of agreements during President Xi Jinping's visit to the kingdom, demonstrating deepening ties between the two countries that Riyadh's traditional ally the United States is warily watching.

Asharq Al-Awsat

Qatar Signs 27-Year LNG Deal with China

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast…

Asharq Al-Awsat

Aramco, Sinopec Sign New MoU

Aramco and China's oil refiner Sinopec signed a Memorandum of Understanding on Wednesday in Riyadh for multiple potential collaborations in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and…

Asharq Al-Awsat

Fire at Sinopec Shanghai Petchem Plant Kills One

A fire broke out at a Sinopec Shanghai Petrochemical Co Ltd plant in Shanghai early on Saturday, killing one person, the company said. Roaring fire was seen engulfing part of a sprawling factory, emitting columns of thick black smoke, in a video posted on Twitter by the state-backed Shanghai Daily.…

Benzinga

6 High-Yield Dividend Stocks To Buy And Hold In A Volatile Market

During periods of stock market weakness, investors can still generate yield from high-quality dividend stocks. The Federal Reserve has already raised interest rates by 0.75% so far in 2022, but there are plenty of high-yield dividend stocks paying 6% or more at current prices.

Benzinga

7 Best Energy Stocks To Buy With Over 6% Dividend Yields: Ecopetrol, Energy Transfer LP And More

One of the only sectors of the market that is skyrocketing amid broad market weakness in 2022 is the energy sector.

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