Skip to content

Connecting business. Building understanding. Advancing peace.

Daily BriefVerify a certificateDue Diligence
Become a Member

China

Industry News
Source: Seetao

Sinopec Completes Over 80% of Saudi East-West Gas Pipeline Project Sections

Chinese state contractor Sinopec has completed over 80% of construction on sections six and seven of Saudi Arabia's National Natural Gas Pipeline Network Phase III Project. The contractor has welded more than 678 kilometers of large-diameter pipeline using Chinese-made automated welding and intelligent equipment. Once finished, the 700-kilometer desert route will supply natural gas to King Abdullah Economic City and multiple power stations.

Industry News
Source: Chamber of Shipping

US-China Tanker Freight Surges to $76 Million Amid Middle East Shipping Constraints

A supertanker chartered by commodity merchant Trafigura to transport crude from the U.S. Gulf Coast to China was fixed at an unprecedented $76 million. Middle East producers' ship-to-ship shuttle transfers in the Strait of Hormuz have restricted global fleet availability. On a 2-million-barrel cargo, the freight cost equates to approximately $38 per barrel.

The UECN Brief

Policy updates, China–UAE business news and industry insights, delivered to your inbox.

Language
Subscriptions

Double opt-in: we send a confirmation link. Unsubscribe at any time. Privacy