Asia/Pacific

South Korea's Lotte Chemical, HD Hyundai to merge naphtha operations under petrochem plan

Lotte will merge its 1.1-MM tonne (t) naphtha cracking facilities and jointly operate HD Hyundai's plant with an output of 850,000 t under a plan to set up a joint venture.

Singapore port issues licenses to supply methanol as marine fuel

This marks a key step towards establishing methanol bunkering at scale and driving Singapore's ambition to be a sustainable multi-fuel bunkering hub.

Russia sees scope for oil exports boost to China, urges cooperation in LNG

China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022.

Vietnam's Binh Son refinery steps up U.S. oil imports

Vietnam has been seeking to buy more U.S. goods to narrow a trade gap between the two countries since Trump threatened in April to impose tariffs on Vietnamese products.

Indonesia's Pertamina says Vivo will buy 100,000 barrels of gasoline

China's Unipec agrees to jet fuel term supply deal with Lufthansa

Unipec's jet fuel supplies have until now covered aviation hubs in Western Europe and North Africa.

EIL signs MoU with Aramco Asia India Pvt. Ltd. for cooperation in various oil/gas activities

India's Reliance stops importing Russian crude for refinery operations

The Indian conglomerate, which has a long-term deal to buy nearly 500,000 bpd of crude from Russian major Rosneft, had said it would abide by sanctions against Moscow while maintaining ties with current oil suppliers.

COP30: Brazil seeks biofuel boom, but critics query climate impact

U.N. COP30 climate summit host Brazil is pressing nations to pledge to quadruple the global use of sustainable fuels by 2035, including biofuels, hydrogen and biogases, but environmentalists warn that making fuel from crops harms food security and nature.

Siam Cement to invest an additional $500 MM in Long Son chemical complex