Southernpec

Southernpec

Southernpec

Chinese oil and shipping company

Southernpec (Southern Petrochemical) is a Chinese oil and shipping company. Sinopec is a minority shareholder.[1]

Souternpec transports and stores oil products using its ships. The company acquired its first VLCC in 2009.[2]

Its Wing Wah subsidiary developed and operates the Banga Kayo oil field in the Republic of Congo, expected to reach a maximum production of 50,000 barrels per day.[3] The Banga Kayo oil field is one of the projects credited with rejuvenating oil production in the Republic of Congo, which had been in decline before 2016.[3][4][5]

References

  1. [1]
    "Southernpec floats third tank". Tank Storage. October 19, 2010.
  2. [2]
    "Chinese eye VLs". TradeWinds. July 7, 2009.
  3. [3]
    "Congo Republic's Banga Kayo oilfield to produce 50,000 bpd by year end". Reuters. May 24, 2017. Archived from the original on February 12, 2019.
  4. [4]
    Smith, Elie (June 25, 2018). "OPEC's Newest Member May Boost Output as Much as 65% This Year". Bloomberg.
  5. [5]
    "Oil production stages unlikely comeback in Congo Republic". Reuters. June 9, 2017.


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