Asia/Pacific
Metso announces four new valve distribution agreements in India
Metso strengthens its presence in India with the signing of four non-exclusive distribution agreements for its valve products.
Rosneft, Trafigura close $12.9 B purchase of India's Essar Oil refinery
MUMBAI (Reuters) — Russian oil major Rosneft and partners closed their $12.9 B purchase of Indian refiner Essar Oil on Monday, giving them a foothold in one of the world's fastest growing oil users.
PTT explores possibility of propylene oxide, polyether polyols complex in Thailand
BANGKOK, Thailand — PTT Global Chemical (PTTGC) signed two head of agreements (HoAs), to jointly perform engineering study for potential development of Propylene Oxide (PO) 200 KTA with Toyota Tsusho Corporation (TTC) and to jointly perform engineering study for potential development of Polyether Polyols (Polyols) 130 KTA with Toyota Tsusho Corporation (TTC) and Sanyo Chemical Industries, Ltd. (SCI).
Vopak JV to expand liquid storage terminal in Malaysia
Royal Vopak and its JV partners intend to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia. PITSB will be expanded with 430,000 cbm to a total capacity of 1.7 MMcm.
Vietnam crude oil imports to hit record as refinery gets ready to start
SINGAPORE (Reuters) — Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.
Fire breaks out at Petrochina chemical plant in Dalian
BEIJING (Reuters) — A fire broke out on Thursday at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries, state media reported, the latest industrial incident to rock the port city of Dalian.
Thai Oil buys 1 MMbbl North Sea crude for Nov to replace Mideast oil
SINGAPORE (Reuters) — Refiner Thai Oil PCL has bought 1 MMbbl of North Sea Forties crude to be delivered in November to replace more expensive Middle East oil, trade sources said on Wednesday.
CNPC: China's energy demand to peak in 2040 as transportation demand grows
BEIJING (Reuters) — China's energy demand will peak by 2040, later than the previous forecast of 2035, as transportation fuel consumption continues to rise through the middle of this century, state-owned oil major China National Petroleum Corp (CNPC) said on Wednesday.
S.Korea's July Iranian crude oil imports jump 27%
SEOUL (Reuters) — South Korea's crude oil imports from Iran rose 26.5% in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks to boost market share.
China's state oil giant to complete ownership reforms by Nov
SHANGHAI (Reuters) — State-owned refiner China National Petroleum Corp (CNPC) said it will complete mandatory mixed-ownership reforms before the end of November, as part of government efforts to make state firms more efficient and market-oriented.
- 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
