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Asia/Pacific

Sinopec and Técnicas Reunidas JV awarded large petrochemical unit in Kazakhstan

A consortium led by KazMunayGas, Kazakhstan’s state-owned oil and gas company, has awarded the development of a steam cracker to a JV formed by the Chinese group Sinopec and the Spanish company Técnicas Reunidas.

RWE and AM Green Ammonia to supply up to 250,000 tpy of RFNBO-compliant ammonia from India

RWE Supply & Trading has signed a memorandum of understanding (MoU) with AM Green Ammonia B.V. (AMG) for the long-term supply of green ammonia from its plants based in India.

Global consortium pioneers ammonia cargo transfer between ships at Australian port

Japan's Mitsui O.S.K. Lines, Norway's Yara and Singapore's Global Centre for Maritime Decarbonisation said they had jointly completed an ammonia cargo transfer operation in Australia that will pave the way for ammonia bunkering in the region.

Indian refiners jointly negotiating for 2025 Russian oil supplies

Indian refiners are jointly negotiating to purchase Russian oil for next year, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel (bbl) cap.

Singapore's middle distillates stocks dip for third week amid robust net exports

Singapore's middle distillates inventories fell for a third straight week, tracking the strength in gasoil/diesel net exports.

IOCL selects Univation's UNIPOL tech for Paradip petrochemical complex

Indian Oil Corporation Ltd. has selected Univation's UNIPOL™ PE process technology for a 650,000-tpy polyethylene line at IOCL's Paradip Petrochemical Complex site in Paradip, India.

Hygenco enters into MoU with REC to finance green ammonia project in India

Hygenco Green Energies Pvt. Ltd., a pioneer in producing low-cost green hydrogen (H2), has entered into a memorandum of understanding (MoU) REC Ltd. (previously Rural Electrification Corp. Ltd.) for financing Hygenco's Green Ammonia Project in Gopalpur, Odisha.

Russia's diesel, gasoline output capacity to fall sharply in Sept.

Russia's ability to produce diesel and gasoline is expected to fall sharply in September as seasonal maintenance at oil refineries peaks.

Update: Rosneft's complaint over Schwedt stake sale unlikely to succeed

Russia's Rosneft is unlikely to succeed with its complaint against Shell's planned sale of a stake in Germany's PCK Schwedt refinery, a German court said on Wednesday, citing a preliminary assessment.

Asia ultra-low-sulfur gasoil refining margins sink to near 3-yr low

Asia's ultra low-sulfur gasoil refining margins collapsed to the lowest in nearly three years, as excess supply and persistently soft derivative markets depressed prices.