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SINGAPORE: China's Sinochem Corp has bought a million barrels of Venezuelan crude oil for arrival in December, a rare purchase as the state oil and chemicals group capitalises on Washington's suspension of sanctions on the South American producer. In mid-October, Washington suspended sanctions on Venezuela
China’s stake in the Middle East has prompted it to expand relations with the region’s most vulnerable country.
In an interview with Hart Energy, Pioneer CEO Scott Sheffield and his newly announced successor Richard Dealy discussed the future of the Permian Basin and the E&Ps own M&A strategy.
KraussMaffei Group GmbH (KMG) will have a new CEO and management board chairman effective Jan. 1.Li Yong, who has held various high-level positions with Sinochem Corp., the main shareholder of KraussMaffei Co. Ltd., will take over the KMG positions from Michael Ruf, who decided not to extend his…
(Bloomberg) -- Syngenta Group, the Swiss agriculture giant that’s preparing for a $10 billion Shanghai listing, said earnings climbed 22% in the first half, propelled by better sales and contributions from its operations in China. Earnings before interest, taxes, depreciation and amortization rose to $2.7 billion in the first six months from $2.2 billion a year earlier. Sales increased 24% to $14.4 billion, the company said in a statement Thursday. The solid results come as the Swiss seed and fertilizer business owned by China National Chemical Corp. is preparing to list on Shanghai’s Nasd...