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Chinese Distributor Partners with Sinopec
Mar 4, 2021 4:05:pm
Summary China Gas provides Sinopec with market access while Sinopec provides China Gas with logistical and LNG procurement support.
by: William Powell
China Gas Holdings and Sinopec have entered into a strategic agreement that will allow them to fully leverage each other s advantages in resources an.
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OMV Petrom Group announces the preliminary consolidated unaudited results for January â December 2020. The profit before tax for 2020 was 1.4 billion RON, lower compared to 4.2 billion RON in 2019.
Consolidated sales of RON 19,717 mn for 2020 decreased by 23% compared to 2019, following negative evolution of the commodity prices and lower sales volumes for petroleum products and electricity. Downstream Oil represented 69% of total consolidated sales, Downstream Gas accounted for 29%, and Upstream for 2% (sales in Upstream being largely intra-group sales rather than third-party sales).
Clean CCS Operating Result amounted to RON 2,287 mn, 50% below RON 4,573 mn in 2019, mainly due to lower commodity prices. The negative evolution in Upstream, triggered by lower crude oil and gas prices, was partly compensated by higher positive contribution from Downstream, mainly deriving from the power business and gains from middle distillate margin hedges. The Clean CCS Group effective tax r
Chris Paul
The Nigerian Petroleum Industry Bill and the Transformation of the Nigerian Oil and Gas industry in 2021: An Oil Producer Trade Section (OPTS) Perspective was the theme of the webinar put together by the Nigeria American Chamber of Commerce (NACC) last Thursday.
Supported by Chevron Nigeria, the webinar had in attendance a cross section of industry experts and enthusiasts from different countries around the world.
The Director General of the NACC, Sola Obadimu, anchored the programme, while the director, Downstream Gas at Chevron, Sanjay Narasimhalu, was the speaker. Dame Adebola Williams represented the President of the Chamber, Otunba Toyin Akomolafe.