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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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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
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