China Petroleum and Chemical News

Japan's Mitsui Chemicals Inc said on Tuesday it and China Petroleum & Chemical Corp have set up a 50-50 joint venture in China to build a plant that will make ethylene-propylene-diene terpolymer for 2 billion yuan .

A Sinopec oil pipeline running from Jinan to Qingdao has spilled a "large amount" of diesel, the official Xinhua news agency said Friday, without citing any sources.

An Australian gas-export joint venture between Origin Energy Ltd. , ConocoPhillips and China Petroleum & Chemical Corp., or Sinopec, has signed agreements with banks and export credit agencies for US$8.5 billion in project finance, Origin said Thursday.

South Africa's national oil company PetroSA and China Petroleum and Chemical Corp.

China's crude oil imports from Iran rebounded more than 50 percent in April from March after resolving pricing disputes over term contracts, but shipments fell nearly a quarter from a year ago, with Saudi Arabian supplies helping to plug the gap.

Of the total financing, Japanese lender Mizuho Corporate Bank has allocated USD60m, Taiwan Cooperative Bank and Bank of Taiwan pledged USD40m each and Land Bank of Taiwan committed USD20m, the source said on condition of anonymity.

China will exclude foreign firms from bidding in its second tender for shale gas blocks, despite a need for overseas technology to help exploit massive reserves of gas trapped within shale rock formations in the world's top energy user.

A Bharat Petroleum Corp. employee fills a gas tank at a station in Mumbai, India.

Beijing Enterprises Group Co., which owns a natural-gas distributor in that city, raised its stake in China Gas Holdings Ltd.

China Petroleum and Chemical Corp., or Sinopec Corp., is continuously in talks with U.S. and Canadian companies to secure unconventional sources of oil and gas, Chairman Fu Chengyu said Friday.

More headaches for Chesapeake Energy , as an investor lawsuit accuses the company of understating the cost of personal jet travel provided to top executives and directors by as much as $10 million per year.

China will cut retail gasoline and diesel prices tomorrow for the first time since October after international crude costs fell to a government threshold for adjusting fuel rates.

The U.S. Export-Import Bank said on Tuesday it has approved a $2.95 billion loan to support U.S. exports for a major natural gas project in Australia, as lawmakers neared a vote on renewing the bank's charter through September 2014.

Iran is accepting yuan for some of the crude oil it sells to China, in part because of U.S. sanctions against Tehran's nuclear program, the Financial Times reported Monday, citing industry executives and bankers.

The battle for China Gas Holdings Ltd. could be taking another dramatic turn as another potential suitor ups the stakes.

's stock had its "underperform" rating reaffirmed by Zacks in a research note issued on Friday.

Oman Oil has sold its stake of 237.6 million shares in Hong Kong-listed China Gas Holdings Ltd at HK$4.10 per share, a 6.2 percent premium to the stock's current price at HK$3.86, Hong Kong's Securities and Futures Commission said in a statement on Friday.

Bo Xilai, then Chinese Communist Party secretary of Chongqing, attends the closing ceremony of China's National People's Congress at the Great Hall of the People in Beijing, China, on Wednesday, March 14, 2012.

These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

SYDNEY Origin Energy Ltd. has agreed to sell some of its vast coal seam gas reserves in Australia's Queensland state to a joint venture building a rival gas-export project on the coast.The Australian company is building its own liquefied natural gas project with ConocoPhillips and China Petroleum and Chemical Corp.