A new petrochemicals boom in China: China’s biggest state-owned petro chemical company

A few weeks ago, it looked like the future of the petro industry in China was going to be anything but bright.The Chinese government was trying to impose stricter regulations on the petrolextile industry, including the ban on the import of petro chemicals and banning all new companies from setting up in the country.The government was also trying to restrict […]

How to win over China’s new leadership

Rongsheh Petrochemical Company is hoping to build a massive refinery in the South China Sea, according to an article from Business Insider UK.The company has announced that it has secured a 20% stake in a Chinese company that would take over the Rongheng petrosite project in the Paracel Islands in the south of the Philippines.The Philippines has been plagued by […]

When will the UAE ban petroleum products from Saudi Arabia?

An official from Saudi Aramco, the state-owned oil company that controls the kingdom’s largest crude export market, told Reuters in a statement that the Saudi government is not planning to block the import of petroleum products into the kingdom.Petrochem Saudi Arabia, which has been accused of human rights violations in Saudi Arabia and other countries in the region, has repeatedly […]

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