China majors’ fuel stocks down 3.2 pct in June -source

July 9 (Reuters) – Combined inventories of gasoline, diesel and kerosene held by China’s top two oil firms were down around 3.2 percent in June versus May, due to stronger domestic sales, an industry official said on Friday.

Diesel stocks held by Sinopec Corp (0386.HK) and PetroChina (0857.HK) were down a sharp 6.3 percent last month from May, while that of gasoline rose 1.9 percent, said the official with knowledge of the data.

Domestic sales of the three main fuels rose 1.9 percent to about 20.4 million tonnes. (Reporting by Chen Aizhu; Editing by Jacqueline Wong)

China May crude imports off peak, fuel stocks down

(Reuters) – China’s May crude oil imports fell from a peak in April, while net fuel imports were also down sharply from the previous month, as oil firms cut stocks after earlier frenzied oil purchases.

Hot Stocks

China imported 17.84 million tonnes of crude last month, or 4.2 million barrels per day (bpd), up 4.3 percent over May 2009 in the slowest growth in 13 months, preliminary customs data showed on Thursday.

The amount fell from an all-time high in April of 5.15 million bpd, but imports for the first five months rose by a strong 29.3 percent on the year at 95.96 million tonnes, or 4.64 million bpd, powered by a strong economic recovery and the country’s expanding refining capacity.

The world’s second-largest oil user remained a net buyer of refined fuel, though net fuel imports last month fell 42 percent from April, as oil firms extended heavy exports of gasoline and diesel while keeping domestic operations near peak rates.

Meantime, combined stocks of gasoline, diesel and kerosene held by Sinopec Corp (0386.HK) and PetroChina (0857.HK) were down for the third straight month in May versus April and March, an industry official with knowledge of the data told Reuters.

Though the oil majors total domestic sales dipped from April, demand was bolstered by the country’s surprisingly strong export sector and massive infrastructure building that has spurred diesel consumptions.

“We were surprised to see a double-digit growth in our sales this year, above our forecast of a normal growth of 6-8 percent,” said a fuel marketing executive with PetroChina, referring to the firm’s sales of gasoline, diesel and kerosene.

While gasoline stocks climbed 4.3 percent over April, diesel fell 3.7 percent following a steep 12.4 percent fall in the previous month, the industry official said.

China is due to release the official production data on Friday.

A Reuters monthly poll has shown China’s top oil plants were running at their second-highest ever rate in May, or close to 94 percent of utilization, inspired by a largely guaranteed refining margin.

(Editing by Ed Lane)

Tranzeo Wireless Technologies Inc.: SINOPEC Successfully Deploys Aperto’s PacketMAX WiMAX in China

PITT MEADOWS, BRITISH COLUMBIA, Jun 09 (MARKET WIRE)

Aperto Networks, a wholly owned subsidiary of BC-based Tranzeo Wireless
Technologies Inc. (TSX: TZT), announced today that China Petroleum &
Chemical Corporation (“Sinopec Corp.”) the largest integrated
energy and chemical company in China has successfully deployed Aperto’s
PacketMAX WiMAX products to build a region-wide wireless broadband
network in the Sichuan province of China.

SINOPEC develops and manages gasfields in the mountain area of Sichuan
where safety is one of the most important considerations to the success
of the operation. Aperto’s PacketMAX WiMAX solution was selected to
provide the mission critical communication infrastructure. SINOPEC is
leveraging Aperto’s carrier-class QoS and comprehensive network
management system to support multiple services including integrated
voice, data, and video applications. The rugged mountain areas of the
Sichuan province are extremely challenging for any communications
technology. Aperto’s PacketMAX product family spans multiple frequencies
and enables efficient frequency re-use and co-location through advanced
synchronization technology.

“We are pleased with the reliability and performance of the Aperto
solution,” said Mr. Wu Weide, managing director of production
management center at SINOPEC. “Our application demands high
availability and predictable performance by the communication system.
Aperto has worked closely with us to design and deployment of this
critical infrastructure.”

“We are excited to be working with a quality partner like
SINOPEC,” said Bill Waters, Sr. VP of World-wide sales for Aperto
“This successful deployment once again validates the powerful
capability and high reliability of our PacketMAX product family.”

Aperto’s PacketMAX product family is available at 2GHz, 3GHz, and 5GHz
offering flexible solutions for broadband wireless access and critical
vertical applications. PacketMAX also offers a powerful network
management platform with advanced features for real-time monitoring and
control of all network elements. The PacketMAX family consists of high
performance, carrier-class base stations and a broad family of
cost-effective subscriber units.

About SINOPEC Corp.

China Petroleum & Chemical Corporation (“Sinopec Corp.”) (CH:
600028; HKEX: 386; NYSE: SNP; LSE: SNP) is an integrated energy and
chemical company with upstream, midstream and downstream operations. The
principal operations of Sinopec Corp. and its subsidiaries include:
exploring, developing, producing and trading crude oil and natural gas;
processing crude oil into refined oil products; producing, trading,
transporting, distributing and marketing refined oil products; and
producing and distributing chemical products. Based on 2009 turnover,
Sinopec Corp. is the largest listed company in China. The Company is one
of the largest crude oil and petrochemical companies in China and Asia.
It is also one of the largest gasoline, diesel and jet fuel and other
major chemical products producers and distributors in China and Asia.
visit http://www.sinopec.com.

About Tranzeo Wireless Technologies Inc.:

Tranzeo Wireless Technologies Inc. (TSX: TZT) leads the wireless
broadband industry as a premier manufacturer of high-performance wireless
network equipment that allows communities and businesses to communicate
without boundaries. Tranzeo’s optimum cost effectiveness, premium quality
and responsive support have attracted a growing and devoted worldwide
following of more than 2,465 dealers and 16 distributors. Tranzeo’s full
spectrum of point-to-point and point-to-multipoint radios, WiMAX
equipment, and mesh network solutions are designed for wireless internet
service providers, governments, campuses, military, carriers, enterprise
customers, and systems integrators around the globe. Headquartered in
British Columbia, Canada, Tranzeo also has offices in San Diego,
California, San Jose, California, and Shannon, Ireland. Visit
http://www.tranzeo.com or phone 1.866.872.6936 for more information.

Aperto Networks operates as a wholly owned subsidiary of Tranzeo. Aperto
is a leading supplier of wireless broadband, mobile WiMAX and Enterprise
VPN solutions using highly versatile and cost-effective carrier-grade
WiMAX Forum Certified infrastructure equipment. For more information,
visit us at http://www.apertonet.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks
and uncertainties. We use words such as “anticipate”,
“plan”, “expect”, “believe”,
“intend” and similar expressions to identify forward-looking
statements that relate to our business, management, operating results and
financial condition and the planned acquisition of Aperto. These
statements are not historical facts, but reflect our current expectations
regarding future results or events. These forward-looking statements are
subject to a number of risks and uncertainties that could cause actual
results or events to differ materially from current expectations,
including the matters discussed under “Risk Factors” in our
Annual Information Form and Management’s Discussion and Analysis which
may be found on SEDAR at www.sedar.com.

Contacts:
Tranzeo Wireless Technologies Inc.
Matthew Johansen
Manager Investor Relations
(604) 460-6002
mjohansen@tranzeo.com
www.tranzeo.com

Copyright 2010, Market Wire, All rights reserved.

Sinopec ships rare gasoline cargo Spore-Iran – trade

SINGAPORE/DUBAI April 14 (Reuters) – Sinopec Corp’s (0386.HK) trading arm Unipec is making a rare shipment of gasoline from Singapore to the Middle East that would probably go to Iran, industry sources said on Wednesday.

The cargo of around 250,000 barrels was scheduled to have loaded from Singapore on Tuesday, with options to discharge in the Gulf, according to shipping data obtained by Reuters. The shipment was likely to go to Iran, trade sources said.

“This is a rare shipment, not often you see this as economics seldom work,” a trader said.

Iran, the world’s fifth largest oil exporter, relies on the international market to secure 40 percent of its domestic gasoline requirements because it lacks the refining capacity to produce its own.

The threat of U.S. sanctions on fuel suppliers to Iran has reduced the pool of firms prepared to sell to the Islamic Republic. That may have encouraged Iran to look for fuel from further afield, traders said.

In Asia, poor gasoline demand has forced traders to look for destinations outside their typical trading sphere, they added. (Reporting by Seng Li Peng and Luke Pachymuthu; Editing by Simon Webb and James Jukwey)

Sinopec produces 843,880 bpd of crude in March-paper

BEIJING, April 12 (Reuters) – Sinopec Corp (0386.HK) (600028.SS) (SNP.N), China’s second-largest oil producer and top refiner, produced 3.58 million tonnes or 843,880 barrels per day of crude oil in March, marginally higher than planned, the China Petrochemical News reported.

Energy

The company also produced 931 million cubic metres of natural gas last month, the report published on Monday said.

Daily gas output was 2.54 million cubic metres, or about 9 percent, higher than planned, the newspaper said.