Sinopec continues international growth, begins oil depot operations at Sri Lanka’s Hambantota Port

first_img Sinopec begins oil depot operations at Sri Lanka’s Hambantota Port. (Credit: SINOPEC) China Petroleum & Chemical Corporation (“Sinopec”), China’s leading energy and chemical company, officially commenced operations at its newly established oil depot at Hambantota Port in Sri Lanka, successfully refueling its first ship on April 7. Impacting primarily Northeast Africa and South Asia’s oil market, Sinopec’s Hambantota Port oil depot will enhance its comprehensive bunkering service capabilities, as a significant boost in its continued effort to expand its bunkering activity around the world.Located on the southern tip of Sri Lanka, Hambantota Port is only ten nautical miles from the central Indian Ocean sea lane and is therefore of prime geographical importance. More than 1/2 of the world’s container freight takes this route, as does 1/3 of bulk shipments and 2/3 of oil shipments. Given its strategic location, Hambantota Port has emerged as a key port on the Belt and Road. In 2019, Sinopec Fuel Oil obtained rights for oil trading and operations as well as oil depot maintenance through global bidding and subsequently registered a wholly-owned subsidiary in Sri Lanka.As the COVID-19 outbreak intensifies around the world and fuel consumption drops, Sinopec has been committed to implementing epidemic control measures and resuming work and production, heeding the Chinese government’s call to maintain stable foreign trade by expanding its overseas bunkering business. Prior to the start of the oil depot’s operations, Sinopec Fuel Oil overcame the adverse impact unleashed by the outbreak by quickly adopting cloud office solutions. During this time, domestic experts provided remote support to inspect, approve, and jumpstart operations, enabling the port to successfully realize the first refueling mission at the new oil depot.Sinopec Fuel Oil is the fuel oil and bunkering arm of Sinopec Group. With the vision to build a world-class integrated bunkering services provider and clean energy supplier, Sinopec’s current fuel supply capacity covers more than 40 key ports domestically and overseas, supplying oil to more than 10,000 ships annually around the world. Source: Company Press Release Located on the southern tip of Sri Lanka, Hambantota Port is only ten nautical miles from the central Indian Ocean sea lanelast_img read more

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McIlroy plays down rift talk

first_img McIlroy denied speculation at the Players Championship that he would create his own team with his father, close friends and associates, but McDowell said during the World Match Play Championship in Bulgaria that the world number two had decided on his second management change since October 2011. The 24-year-old left International Sports Management just four months after winning his first major by eight shots in the US Open at Congressional, joining his good friend McDowell at Horizon. McIlroy told a press conference ahead of the BMW PGA Championship: “I’m here to try and stay on point and talk about golf. I can’t really comment on speculation at this point.” Press Association He added: “Obviously you guys know that something’s up. That’s fair enough. But at this point I can’t really say much more.” Asked about his apparent annoyance with McDowell – “Ask G-Mac. He knows more than me” he said to reporters on Tuesday – McIlroy added: “I spoke to Graeme yesterday afternoon. We got back to the hotel and we just had a chat. Everything’s good. “I’m great friends with Graeme. He’s been a real big brother to me on Tour. I remember playing practise rounds with him at the Dunhill Links, for example, back in 2007 when I got my card. “He really showed me the ropes out here for a couple years and it’s great to have good friends on Tour and he’s obviously somebody that I consider a very good friend.” McIlroy was less forthcoming when pressed to explain a comment he made in an interview with Sky Sports, when he was asked if he had been frustrated by the speculation and replied: “No, not at all. Someone very smart said to me a couple of weeks ago, if you want to be in the circus, you have to put up with the clowns.” Pushed to explain who he was referring to, McIlroy said: “I thought it was quite a good comment. Just think about it.” center_img Rory McIlroy is unable to clarify reports that he is leaving Horizon Sports Management to create his own management group, but revealed he has cleared the air with Graeme McDowell.last_img read more

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Spahić recovered from injury and will play against Deportivo tonight

first_imgCaptain of BiH football team and player of FC Sevilla Emir Spahić has recovered from his injury and should play tonight from the beginning of the match.Spahić had problems with calf bone and missed the training on Tuesday, but now he’s fully ready , and so he will play tonight against Deportivo at the opening of 24th round of Spanish Primera.Another BiH football player Miroslav Stevanović will remain on the bench, and coach Unai Emery announced his team : Beto, Koke, Fazio, Spahić, Navarro, Madruo, Medel, Kondogbia, Navas, Negredo i Reyes.last_img

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