Economics
After sanctions, Indian oil refiner Nayara's exports find new markets
The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil.
Opinion: Ukraine strikes on Russian oil might be too successful for Trump’s liking
The conflict between Russia and Ukraine that began in 2022 took a sharp turn in recent weeks as Kyiv began to launch waves of drone attacks on Russian refineries, pipelines and export terminals.
Clariant SynDane™ catalyst achieves performance milestones at Wanhua maleic anhydride plant
Clariant announced the solid performance of its SynDane 3142 LA catalyst at Wanhua Chemical's maleic anhydride plant in Yantai, Shandong province, China.
India's Nayara Energy buys only Russian oil in August
The private refiner imported 240,400 bpd of oil in August, an overall decline of 26% from July, tanker data showed.
Australia promises $735 MM to launch biofuel industry
The money, to be released over 10 yrs from 2028, is intended to stimulate private investment in products like biodiesel and sustainable aviation fuel (SAF).
Vitol and Glencore to make formal bids for Chevron's Singapore refinery stake
Vitol and Glencore, which have other refining assets in the Asia-Pacific, are keen to acquire more and boost trade volumes in the region.
INEOS Inovyn to mothball its chloromethane production facility in Tavaux, France
INEOS Inovyn announced that is has mothballed its chloromethane production facility in Tavaux, France. The decision reflects persistently weak market demand, regulatory challenges and increased operational and energy costs.
India's Nayara Energy increases fuel supply to HPCL after EU sanctions
Since the imposition of sanctions, Nayara has been operating its 400,000-bpd Vadinar refinery in western India at 70%–80% capacity.
Update: SOCAR inks deal to buy oil refiner Italiana Petroli
People close to the matter had previously said that Italy's Brachetti Peretti family was seeking an enterprise value of around €2.5 B ($3 B) for the company, which holds some €500 MM in cash.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
