Refining
Russian oil tanker enters anchorage of Cuba's Matanzas port
Cuba has not received an oil tanker in three months, according to President Miguel Diaz-Canel, a predicament which exacerbated an energy crisis that has brought repeated blackouts across the country of 10 million people, crippling healthcare, public transportation and farming.
China's smaller independent refiners to curb output on rising oil prices
The so-called teapot refiners had benefited in recent months from cheap stocks of Russian and Iranian crude, but temporary U.S. waivers allowing purchases of Russian and Iranian oil stranded at sea for 30 days have driven prices for those barrels sharply higher as buyers, especially Indian refiners, rush to secure supply.
South Korea to start crude oil swap with local refiners
The policy enables refiners to borrow crude oil from the national reserve and return the same volume once crude shipments secured abroad arrive.
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Latest News
- 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
