Tehran Times Managing director of Irans Petroleum Engineering and Development Company (PEDEC) has said the company is still negotiating the second phase of Yadavaran oilfields development project with China's Petroleum and Chemical Corporation, known as Sinopec. Talks are still ongoing, but the process is going on at a slow pace, Touraj Dehqani ...

FNA - Iranian Ambassador to Beijing Mohammad Keshavarzzadeh underlined his country's vital role in secured energy supplies to China. "Iran enjoys one of the largest oil and gas reserves, and given China's growing needs to energy on the way of its development, it can play an important role in supplying and securing China's energy needs," Keshavarzzadeh ...

Press TV - State-run Chinese energy giant Sinopec has offered Iran a $3-billion deal on further development of an Iranian oilfield the two countries are already working on, the Wall Street Journal has reported. The offer made by the China Petroleum & Chemical Corp(Sinopec) is part of an existing contract to operate the Yadavaran oilfield in ...

S&P Global Platts - China's Sinopec is in discussions with government authorities and suppliers regarding its Iranian crude oil imports and is trying to make special arrangements on the flow in the coming weeks, an executive said during the company's third-quarter results briefing call on Wednesday. Asian refiners have until November 4 to wind ...

Reuters - Sinopec Group and China National Petroleum Corp (CNPC), the countrys top state-owned refiners, have not made any nominations to load Iranian oil for November because of concerns they would be violating U.S. sanctions, two persons with direct knowledge of the matter said. Washington is set to re-impose sanctions on oil exports from Iran ...

Reuters - Chinas Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Iranian oil from November, said people with knowledge of the matter. The sources did not specify volumes, but based on the prevailing supply contract between the top Chinese ...

South China Morning Post - China imported 31 million tonnes of crude from Iran last year, and some of state-backed refiners plants are designed especially to process Iranian crude The price of oil will rise if trade in Iranian crude is halted as a result of US sanctions, China Petroleum and Chemical (Sinopec), the worlds largest oil refiner said ...

IRNA China's major oil giant has paused importing oil from the US due to escalation of trade war between the two countries, a Chinese daily reported on Saturday. Chinas largest refiner, Sinopec, is suspending new orders of US oil fearing the new tariffs on US energy products that will make the crude more expensive, South China Morning Post reported ...

MNA A senior Sinopec executive says the upcoming US sanctions have not had any impact on China's crude purchases from Iran. The State-owned China Petroleum and Chemical Corp (Sinopec) was cited by Platts as saying that the crude purchases from Iran are moving in line with demand, adding that the upcoming US sanctions have not had any ...

Platts-- China state-run refiner Sinopec will cut back on its nominations of Saudi Arabian crude in May after the major OPEC producer's latest official selling prices came out above market consensus, potentially providing other producers in the Middle East and Asia Pacific with a chance to boost sales to the giant Asian consumer. Sinopec, one of Saudi ...

TEHRAN, Sept 10 (Bernama) -- Chinese oil company, Sinopec, and a South Korean company have finalised a deal with Iran to invest in a project, worth US$1.5 billion, to revamp Iran's Esfahan Oil Refinery, Iran's Mehr News Agency (MNA) reported. The name of the South Korean company has not been revealed. The project is aimed to boost the refinery's ...