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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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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
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