Asia/Pacific

Asia's fuel oil imports from Iraq hit 4-month high in May

Asia's fuel oil imports from Iraq hit a four-month high in May as strong refining margins boosted output and exports from the Middle Eastern supplier.

Japan's Eneos begins unplanned shutdown at 77,000-bpd unit at Kawasaki

Japan's biggest refiner, Eneos Corp., experienced an unplanned shutdown of the 77,000-bpd No. 3 crude distillation unit (CDU) at its Kawasaki refinery near Tokyo, starting June 4.

PetroChina to close last unit of biggest north China refinery end-June

PetroChina is set to close the last remaining crude unit at its biggest north China refinery at the end of this month, broadly in line with an earlier plan that marks the country's first full closure of a state-run plant.

Marubeni signs a long-term offtake agreement for green ammonia produced in Inner Mongolia, China

Marubeni has signed a long-term offtake agreement with global green technology company Envision Energy Co., Ltd. for ammonia produced from renewable energy in Inner Mongolia, China.

BASF, Yuntianhua successfully verify/register GHG emissions reductions from the use of stabilized urea fertilizer

Global oil refiners see short-term boost from higher margins

Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.

Mitsubishi Gas Chemical, Mitsui O.S.K. Lines receive delivery of dual-fuel methanol carrier from HD Hyundai Mipo

Mitsubishi Gas Chemical Co. Inc. (MGC) has announced that a dual-fuel methanol carrier chartered from Mitsui O.S.K. Lines Ltd. (MOL) on a long-term basis was delivered at the HD Hyundai Mipo shipyard on May 30.

Sinopec sets up $690-MM hydrogen-energy-focused venture capital fund

China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 MM).

Lotte Chemical Titan signs contract to buy naphtha from Aramco Trading Singapore

Malaysia's Lotte Chemical Titan has signed a three-year contract to buy naphtha from Aramco Trading Singapore starting in July 2025 and running to June 2028, the company said.

India's May diesel exports to Southeast Asia seen at multi-year highs on higher margins

India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.