Asia/Pacific
Russia set to pipe more oil to China, stepping up race with Saudis
BEIJING/MOSCOW (Reuters) — Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January, likely cementing Russia's position as China's largest oil supplier in a close race with Saudi Arabia.
Grace Licenses process technology, services to Ningxia Baofeng Energy Group
COLUMBIA, Md. — W. R. Grace & Co., a supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL PP process technology and services to Ningxia Baofeng Energy Group Co., Ltd. for a new methanol-to-olefin (MTO) facility in Ningxia, China. The new reactor line is expected to begin operations in late 2018.
ADNOC to cut November crude oil exports to Asia
SINGAPORE (Reuters) — Abu Dhabi National Oil Company has informed buyers in Asia it will reduce supplies of its flagship Murban crude by 15% in November to comply with OPEC production cuts, trade sources said on Wednesday.
China's crackdown on excess may target oil refiners next
BEIJING (Reuters) — China’s oil refining and chemical sector, including coal-to-gas plants, may be the next target of Beijing’s campaign against overcapacity if it keeps expanding, said a government think-tank official on Wednesday.
Maersk sells oil tankers to owner, opening door to Mitsui
COPENHAGEN (Reuters) — A.P. Moller-Maersk has agreed a $1.71 B deal to sell its oil tanker division to its controlling shareholder, who in turn will enter an ownership consortium with Japan's Mitsui & Co.
India's Bharat Oman refineries buys first US crude for Nov arrival
SINGAPORE (Reuters) — India’s Bharat Oman Refineries Ltd (BORL) has bought, via tender, its first crude cargo from the United States, which will be delivered in November, two trade sources said on Tuesday.
Iran plans to trim condensate exports to Asia in October
SINGAPORE/BEIJING (Reuters) — The National Iranian Oil Co has informed buyers in Asia that it could reduce condensate exports in October because of maintenance at the South Pars gas field, six industry sources said on Tuesday.
New Zealand's fuel shortage hits more flights and petrol stations
WELLINGTON (Reuters) — New Zealand's jet fuel shortage on Tuesday forced 39 flights to be cancelled, 13 of them international, with concerns the fuel crisis may spread after fuel stations in the country's largest city Auckland halted high-octane gasoline sales.
Taiwan suspends oil exports to North Korea, imports of clothing
TAIPEI (Reuters) — Taiwan has suspended refined oil and LNG exports to North Korea, as well as clothing and textile imports, to comply with United Nations resolutions, a largely symbolic move by the island to show it is a responsible member of the international community.
China's private-led refinery complex in Zhejiang to start operations in 2020
(Reuters) — China’s first private-led refinery complex in the eastern province of Zhejiang is expected to start operations in 2020, China Securities News reports, citing a provincial governor, a timeline behind what the company had earlier predicted.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
