Asia/Pacific
INPEX extends MoU with Persero for Abadi LNG project in Indonesia
INPEX has extended a MoU with PT Pertamina (Persero) (Pertamina) on a strategic collaboration to proactively pursue the implementation of the Abadi LNG Project in Masela Block in the Arafura Sea in Indonesia.
China's smaller independent refiners to curb output on rising oil prices
The so-called teapot refiners had benefited in recent months from cheap stocks of Russian and Iranian crude, but temporary U.S. waivers allowing purchases of Russian and Iranian oil stranded at sea for 30 days have driven prices for those barrels sharply higher as buyers, especially Indian refiners, rush to secure supply.
India diesel exports to SE Asia hit 7-yr high in March due to Iran war
The surge in exports could boost spot sale margins for Indian refiners who have purchased large volumes of prompt Russian crude to replace Middle East supply disrupted by the war.
South Korea to start crude oil swap with local refiners
The policy enables refiners to borrow crude oil from the national reserve and return the same volume once crude shipments secured abroad arrive.
South Korea's LG Chem to import Russian naphtha
The country's Industry Ministry had earlier confirmed the shipment, including its size, but did not disclose the importing company's name.
PetroChina says operations 'overall normal', Strait of Hormuz accounts for about 10% of its supplies
While PetroChina's investments in the Middle East have been affected by the war, the company had contingency plans to safeguard supplies via trading activities.
Asia 10-ppm sulfur diesel margin hits record high
Refinery runs across northeast Asia have been curtailed due to tighter crude supply after the Middle East conflict broke out, in turn limiting spot diesel volumes available for sale.
- Perpetual Next appoints Bilfinger as lead consultant for its Methanol Moerdijk project 4/1
- ASRock Industrial and CSI Validate O-PAS™ Systems Management Architecture with the iEP-7020E and AiSMA 4/1
- Heavy equipment for KazMunayGas' Atyrau PE plant ships from Shanghai to Kazakhstan 4/1
- KT Tech awarded early engineering works contract for 60,000-tpy SAF plant in Indonesia 4/1
- OCI Global completes sale of OCI Ammonia Holding to AGROFERT 4/1
- Union workers ratify contract at ExxonMobil's Louisiana (U.S.) refining and chemical complex 4/1
