China's Sinopec, Asia's largest refiner, plans to cut Saudi crude
oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected prices, an official from the company's trading arm Unipec said.
China's Sinopec plans to cut Saudi crude
oil imports loading in May by 40 percent, an official from the company's trading arm Unipec said.
Not exact matches
According to its website, LOOP has received more than 12 billion barrels of
oil from foreign and domestic sources over the past three decades, but as an
imports - only facility, it's never been used to
load an export cargo — until now.
The best of both worlds can be achieved by prolonging the
oil import era until the mid 2020s, and then shifting progressively to large - scale hydrogen
imports — first for baseload power, then for storage and
load balancing of intermittent renewables.
Heavily reliant on
oil imports and with an annual energy deficit of 3,478 GWh as of 2009, electricity in Lebanon is for the most part generated by hydroelectric and thermal generation at present and in addition, there are power reliability issues «such as
load shedding, technical losses, and the aging of power plants», which again the addition of dispatchable renewable energy facilities is intended to counteract.