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Friday, 31 July 15
CHINA'S NEW OIL IMPORT RULES HAVE MINIMAL IMPACT ON STATUS QUO - FITCH
 Fitch Ratings says that China's looser criteria for crude oil import rights are a positive but modest step towards encouraging private-sector participation in the country's refining industry. The rating agency believes the established state-owned players will maintain their dominant market position in the country's oil and gas sector in the near to mediumn term.
China's Ministry of Commerce announced on 23 July that refiners or petrochemicaln companies that have at least one crude distillation unit with minimum yearly processing capacity of 2 million tonnes, oil storage capacity of 300,000 tonnes, and an available credit line of USD1bn from commercial banks, among other criteria, would be eligible to apply for a licence to import crude oil. Previously, the criteria included two years' experience in importing oil, which effectively ruled out many private refiners.
Fitch views this as only an initial step towards increasing private-sector participation in a market that has been dominated by state-owned enterprises (SOEs). Independent refiners' profitability could be enhanced, as those with an import license will be able to source for crude oil from more than just the country's current five designated importers, which include the three biggest oil and gas SOEs.
This latest change and the liberalisation of oil product prices that was effective September 2013 will encourage the upgrading or phasing-out of inefficient, small-scale facilities.
The incentives for private-sector companies to expand in China's refining industry, though, remain limited by regulation of oil product exports, domestic product price controls (albeit loosened), and limited domestic marketing channels. The slower demand growth in the near term and refining overcapacity, especially for diesel, would also reduce the benefits from the new rules.
The Big Three oil and gas SOEs - China National Petroleum Corporation (CNPC,A+/Stable), China Petroleum & Chemical Corporation (Sinopec, A+/Stable) and CNOOC Limited (A+/Stable) - account for over 70% of the country's refining capacity. Fitch does not expect the three companies' strong market positions and strategic importance to the state to be eroded in the foreseeable future, although their oil trading profits may be modestly trimmed. The new rules mark a continuation of the government's push for more private-sector participation in the oil and gas sector, in the same vein as Sinopec's sale of part of its marketing unit in 2014 and CNPC's disposal of some of its pipeline assets in 2013.
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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
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- Thai Mozambique Logistica
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
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