Asia/Pacific

India ends import tax on petrochemicals to help local industry

Taiwan's CPC brings naphtha cracker online a week early

KT Tech awarded early engineering works contract for 60,000-tpy SAF plant in Indonesia

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.

Australia’s biggest LNG plants suffer outages due to cyclone, straining global supply