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Valves Used for Petrochemical Industry in China Overview

Valves Used for Petrochemical Industry in China Overview

Valves are indispensable control equipment for petrochemical industry. Valves have various categories. With different kinds of whole set process constant improving, categories of valves are also increasing.    It is known that valves used for petrochemical industry can be classified into several categories based on different usages: 1. Used for cutting off or connecting medium in pipe: gate valve, globe valve, plug valve, ball valve and butterfly valve; 2. Used for regulating pressure...

May 28, 2015
China Will Lay a Gas Pipe with Pakistan

China Will Lay a Gas Pipe with Pakistan

China will invest nearly 3 billion dollars to lay a gas pipe originating from Gwadar Port, the northern of Pakistan to Nawabshah, Sindh Province, the central of Pakistan.   The pipe cooperation program was signed, when Sharif, the Prime Minister of Pakistan visited China in the early of this month.   The amount of investment on the gas pipe is estimated about 3 billion dollars. Among that, 1 billion dollars will be used to lay the pipe and 2 billion dollars will be used to build related...

Nov 26, 2014
China Will Raise Import Volume of Gas from Turkmenistan

China Will Raise Import Volume of Gas from Turkmenistan

For growing economic development, China is faced with mounting environmental challenge. Nowadays, a major strategy taken by China is to use alternative energy such as gas to take place of coals.   Therefore, on energy meeting held in Ashkhabad, the capital of Turkmenistan, China pushed forward overwhelming gas import plan. According to the newest plan, Chinese government plans to raise import volume of gas from Turkmenistan by 2020, increasing gas from Turkmenistan gradually and reaching 65...

Nov 22, 2014
Daily Oil Production of OPEC Declined

Daily Oil Production of OPEC Declined

On Wednesday, OPEC (Organization of the Petroleum Exporting Countries) claimed that its daily oil production in October declined to 30.25 million barrels by 226.4 thousand barrels.   Oil production of OPEC declining was caused by oil production reduction in Saudi Arabia. OPEC claimed that in October, oil production in Saudi Arabia reduced to 9.6 million barrels by 69.9 thousand barrels. OPEC published those data in its monthly oil market report. These data of OPEC was based on secondary data...

Nov 13, 2014
EU Considers to Importing LNG from Australia

EU Considers to Importing LNG from Australia

Recently, Dominique Ristori, the General Director of energy of European Commission expresses that EU is considering to treating Australia as a potential LNG supplier. For ensuring energy supplying security, EU may be willing to pay extra fees. The statement attracts attention while the plan is still far from reality.   Firstly, energy surrogate country is still difficult to help EU realize energy dependence on Russian energy. European gas import relies heavily on Russia. Faced with the risks...

Nov 07, 2014
Gas Pipe Construction Ushers Rapid Developing Period

Gas Pipe Construction Ushers Rapid Developing Period

Gas is a kind of mixed gas fossil fuels which having various components. Its main component is alkane. Among that, methane accounts for the vast majority. Besides, a small number of ethane, propane and butane also exist in. Gas mainly exists in oil fields, gas fields, coal seam and shale bed. Gas cannot produce waste residues and waste water. Compared with coal, oil and other energy, gas has the advantages of safety, high heat value, clean, etc.         In gas pipe...

Oct 30, 2014
Turkey and Kurds May Buy Oil from ISIS

Turkey and Kurds May Buy Oil from ISIS

On Wednesday, American officials said that ISIS earned wealth through selling oil in its occupied areas to enemies. The objects of sale included Syrian government which they swore to overturn, Iraqi Kurds and Turkey.   David Cohen, the Undersecretary of Department of The Treasury is the official who is in charge of striking finance of ISIS. On Wednesday, in his speech which was prepared for Carnegie Endowment for International Peace, he claimed, “ISIS is accumulating wealth at an unprecedented...

Oct 24, 2014
Russia Suggests to Build Gas Pipe with Japan

Russia Suggests to Build Gas Pipe with Japan

It is reported that Russia suggests Japan to build a gas pipe to connect Sakhalin with Hokkaido. Under the circumstance that the Western enhances sanctions on Russia, Putin expects to expand economic relationships with Japan and use as a ring in its Asian strategies. If the program can be realized, it will become the first gas pipe connecting Japan with other countries. Japanese government will decide countermeasures after considering influences on diplomacy.   Several Russian and Japanese...

Oct 15, 2014
Oil Price Will Continue Declining for Price War

Oil Price Will Continue Declining for Price War

Although oil price has already declined to the lowest level in two years, Saudi Arabia, the largest global oil exporter is willing to start price war to defend its market shares. Analysts from Citigroup and Commerzbank consider that the action may result in oil price declining further.   Saudi Aramaco, the largest oil export merchant began to reduce all of price of export good on October 1. The price exported to Asia has reduced to the lowest level since 2008. Commerzbank says that the action...

Oct 09, 2014