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SZ China Refining Monthly Report-Jul’2012
[Wednesday, Jul. 25, 2012] PRINT EMAIL FAV PDF
Editorial:
Review of China Refining Market in Jul 2012
 
News Spot:
 
1. China Announces 3rd Fuel Price Cut In Two Months
 
China will slash the benchmark retail price for gasoline by 420 yuan (66.46 U.S. dollars) per mt and the price for diesel by 400 yuan per mt starting from Jul 11, NDRC announced on Jul 10.
 
2. China implements new standards for LPG
 
Standardization Administration of the PRC implemented new standards for LPG on 1 Jul 2012, which were published in Jun 2011.These new standards GB 11174-2011 took place of GB 11174-1997 and GB 9052.1-1998. One of the two obvious differences was that the new edition changed the unit of sulphur content from ppm to mg/m3 and reduced the total sulphur content by about 10mg/m3.
 
Oil Demand:
 
China’s implied oil demand fell 0.4% in Jun from a year earlier to the lowest in 20 months as refineries scaled back production and raised fuel exports to trim bulging stockpiles.
 
Crude Refining:
 
China’s refinery runs in Jun dipped 0.6% year on year to 35.98-mil mt, or an average 8.79 million b/d, the National Bureau of Statistics said on Jul 13.
 
Crude Import:
 
China’s crude oil imports in Jun fell to the lowest monthly level so far in 2012 at 21.72-mil mt, or an average 5.31 million b/d, despite posting a 10.3% year-on-year increase
 
Index:
ECF International Shale Gas Forum Membership Recruitment
ECF International Shale Gas Forum is the first platform to follow the unprecedented model of integrating the intelligence and resources among government, research, Oil Company and financial organization and will guide to run multinational cooperation and help project approval. We believe, though our endeavor the shale gas commercialization would speed up.
Please Contact
ECF International Shale Gas Forum:
Emailecf@shalegaschinasummit.com
Phone86 21 54383583 Fax86 21 64607630   Mobile86 18917978976
ECF 2ND Asia Shale Gas Summit (Shanghai) 2012
to be held in Oct 24-25, 2012 in Shanghai, China
Co-Organizer: China Petroleum Pipeline Bureau
Time: Oct 24-25, 2012, Shanghai, China
Contact the organizing committee: Tel: 8621-54383583 Fax8621-64607630
Email
ecf@shalegaschinasummit.com , ecfchinadata@gmail.com  
 

Theme:
"Focus on investments and developments in Shale Gas globally" "Examination of capital markets & risk management for Shale Gas developments" "Country updates & commercial opportunities from key shale gas markets in Asia" "Shale Gas Characterization & Evaluation", "Horizontal Drilling & Hydraulic Fracturing" and "The Economics of Shale Gas"
Asia Shale Gas Summit (Shanghai) 2011 Review :held son Oct 20-21, 2011 in Shanghai China. 
 
Organizers: Shanghai Academy of Social Sciences, Shanghai Environment and Energy Exchange, Baker Institute at Rice University, Shanghai Promotion Association of Tech-Transfer, SZ Energy Intelligence Co., Ltd.

Co-Organizer:
Shanghai International Mining Sponsor: Shanghai Wanfang Botong Petrochemical
Featuring speakers:
Dr. Zhang Dawei, Deputy Chief, Strategic Center Ministry of Land and Resources China; Mr.Steven W. Lewis,C.V. Starr Transnational China Fellow, Baker Institute for Public Policy at Rice University; Mr. Wang Hengtao, Founding Member/Fmr Exec VP US-China Clean Energy Forum ; Mr. Chen Weidong, Chief Energy Researcher,CNOOC Institute of Energy Economics Research; Pr. Wang Ronghua, Vice Chairman of the 10th Shanghai CPPCC, President of the Shanghai Academy of Social Sciences, Chairman of SPAT.

 
 
Please see ’’www.SZEnergy.biz’’ for more detailed information about China oil, gas & petrochemical industry.
 
SZ Energy Intelligence Co., Ltd
Add: 51-401, Lane 100, Wanding Road, Shanghai, 201100, P.R.China
Email: info@energychinaforum.com
Tel: 86 21 54383583 Fax: 86 21 64607630

 

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