Sinopec

China–UAE News

Chinese Energy Firms Present Low-Carbon and Digital Technologies at ADIPEC 2026

Major Chinese energy corporations including CNPC, CNOOC, and Sinopec showcased low-carbon technologies, artificial intelligence, and field equipment at ADIPEC 2026 in Abu Dhabi. The exhibition convened approximately 2,260 companies representing more than 170 countries and regions. During the opening, UAE Minister and ADNOC Managing Director Sultan Al Jaber highlighted rising maritime logistics costs and called for closer energy supply-chain integration.

China–UAE News

Sinopec Warns of Q4 Refining Headwinds Despite Surging Third-Quarter Profit

China's Sinopec warned that elevated crude prices and shipping costs will pressure refining margins in the fourth quarter despite strong third-quarter profits. The refiner cited ongoing transit risks in the Strait of Hormuz and elevated crude procurement premiums. Domestic refined fuel demand in China also contracted over the first nine months of the year.

China–UAE News

China-MENA Trade Drops 12% as UAE Retains Electrified Vehicle Lead

China's total trade with 23 Middle East and North Africa countries fell 12% to $329.3 billion during the first nine months of 2026, driven by a 38.6% drop in crude oil imports. Despite overall declines, the UAE remained China's top global destination for electrified vehicles at $3.9 billion and imported nearly half of China's $11.7 billion in phone shipments to the region.

Industry News

Gulf Energy Producers Increase China Market Share Amid Iranian Supply Drops

Gulf crude exporters are expanding their market share in China as Iranian shipments fall, according to data from analytics firm Vortexa. Saudi crude shipments to Chinese ports are projected to exceed 2 million barrels per day in October 2026, with 75% allocated to Sinopec and PetroChina. Total Middle Eastern crude arrivals into China are expected to reach around 4.5 million barrels per day.