Asia/Pacific
China raises 1st batch of 2018 oil product export quotas by 30%
SINGAPORE (Reuters) — China raised refined products export quotas to its four state oil majors by 30 percent in the first batch of allowances for 2018, a document reviewed by Reuters showed on Thursday.
Asia's monthly Iran oil imports skid to lowest in Nov since Apr 2016
TOKYO (Reuters) — Imports of Iranian crude oil by major buyers in Asia tumbled 29% in November from the same month a year ago to the lowest volumes since April 2016, government and ship-tracking data showed.
Hanwa and Integr8 Fuels added to Platts' Asia bunker MOC process
SINGAPORE (Reuters) — S&P Global Platts added Hanwa Singapore Pte Ltd and Integr8 Fuels Inc last week to its Asia Market On Close (MOC) assessment process for Singapore physical bunkers, the company said in a note seen on Wednesday.
LG Chem to invest $278 MM to increase acrylic acid, super absorbent polymer output
SEOUL (Reuters) — LG Chem Ltd, South Korea’s largest chemical company, said on Tuesday it will spend $278.32 MM on expanding its acrylic acid and superabsorbent polymer production capacity by the first half of 2019.
Sinopec to expand NPG capacity at Yangzi refinery
BEIJING (Reuters) — Sinopec to double capacity of the Neopentylglycol (NPG) production line at its Yangzi refinery from 40,000 tpy to 80,000 tpy, the company said on Monday.
India's Reliance aims to become big clean energy provider
MUMBAI (Reuters) — India’s Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels.
Russia holds steady as China's largest crude supplier for 9th month
BEIJING (Reuters) — Russia held on as China's largest crude oil supplier for the ninth month in a row in November, also topping Saudi Arabia for the year so far, Chinese customs data showed on Tuesday.
China halts oil product exports to N.Korea in November as sanctions bite
BEIJING (Reuters) — China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations in a bid to limit petroleum shipments to the isolated country.
Chinese customs seizes $13 MM worth of smuggled fuel
BEIJING (Reuters) — Chinese customs in Nanjing city has seized 12 Mt of smuggled fuel worth $12.98 MM, state news agency Xinhua reported on Monday.
Idemitsu, Showa Shell see around $70 MM in cost savings by March
TOKYO (Reuters) — Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu said on Friday they expect to cost cuts by $71 MM in the first year of their business alliance that started last April.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
