Asia/Pacific
China’s Sinopec to spend $29 B upgrading four refining bases
BEIJING (Reuters) -- China's Sinopec group, parent of Sinopec Corp, will invest $29.05 billion to upgrade four refining bases between 2016 and 2020 to produce higher-quality fuels, the company said in an emailed statement on Thursday.
Sinopec to start operating Zhanjiang commercial oil tanks; SPR site delayed
BEIJING (Reuters) -- Sinopec Corp is expected to start operating by June a new commercial crude oil tank farm in the southern Chinese city of Zhanjiang, where a large strategic reserve site is also under construction, three industry sources said this week.
Driving innovation in the downstream: IRPC returns to New Delhi
Gulf Publishing Company and Hydrocarbon Processing are pleased to announce that IRPC 2017 will be held April 18–20 in New Delhi.
Gastech: Advancing the role of gas and LNG in the global energy mix
Gastech is the largest and most important business and technology event for the natural gas and LNG sector, creating a global platform to address and discuss the latest challenges faced in Asia and on a wider international scale.
China to issue non-state crude oil import licenses to 5 refiners
BEIJING (Reuters) -- China will issue non-state crude oil import licenses to five refiners, including China National Chemical Corp and four independent refiners, the country's commerce ministry said on Tuesday.
Aramco's Malaysia deal gives Saudis upper hand in fight for Asia oil share
SINGAPORE/KHOBAR, Saudi Arabia (Reuters) -- Top global oil exporter Saudi Arabia broke from the pack in the race to lock up Asian market share after agreeing on Tuesday to pump $7 billion into a refinery-petrochemical complex in Malaysia, analysts said.
Pertamina looks for partner to take majority stake in Bontang refinery project
JAKARTA (Reuters) -- Indonesia's state oil company Pertamina expects to find a partner to take a majority stake in a proposed refinery to cost more than $10 billion in Bontang, East Kalimantan, by April, senior company officials said on Tuesday.
India's Reliance buys naphtha to feed growing domestic demand
SINGAPORE (Reuters) -- India's Reliance Industries has bought between 60,000 and 90,000 t of heavy full-range naphtha for March arrival to plug a supply gap due to its growing petrochemical capacity, industry sources with knowledge of the matter said on Tuesday.
Japan's JX says March crude refining to drop 5% y/y
TOKYO (Reuters) -- Japan's top oil refiner JX Nippon Oil & Energy Corp said on Tuesday it would refine 988,100 bpd of crude oil in March for domestic consumption.
Hyundai Oilbank buys S.Korea's first US Southern Green Canyon crude
SEOUL/SINGAPORE (Reuters) -- South Korean refiner Hyundai Oilbank has purchased a cargo of US Southern Green Canyon crude oil, the country's first import of the grade, three trade sources said on Tuesday.
- 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
