Refining
Kuwait can restore 70% of oil output in 6–8 weeks of Hormuz reopening, KPC executive says
Kuwait's timeline for its production recovery is shorter than some forecasts for a full reopening of transits through the Strait of Hormuz.
DNV announces financial close of $650-MM H2 fertilizer project in Paraguay
The $650-MM project is one of the world's first industrial-scale green fertilizer plants to be financed in a non-recourse basis, a standalone, asset-backed financing structure where lenders look only to the project itself for repayment.
China allows output cuts by some money-losing independent refiners
Some refiners in the eastern province of Shandong, popularly called teapots, were told recently that they can cut output to no lower than 80% of last year's monthly average.
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- 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
Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction

