Asia/Pacific
Japan weighs new release of about 20 days' worth of oil from reserves
Japan, dependent on the Middle East for some 95% of its oil supply, began releasing oil from its stockpiles on March 16 in coordination with other nations and on its own.
India raises HPCL Rajasthan Refinery project cost to $8.6 B
HPCL Rajasthan Refinery Ltd is a joint venture with HPCL HPCL.NS owning a 74% stake and the rest owned by the state government of Rajasthan.
China's teapots seek Iranian oil after prices fall
The Chinese refiners, known as teapots, had largely stayed on the sidelines since the U.S.-Iran conflict broke out in late February, causing global oil prices to surge, while Washington temporarily waived sanctions on Russian, Iranian crude at sea erasing discounts for these cargoes.
Japanese refinery runs at lowest since June 2025 on Middle East supply crisis
Japan began to partially release oil stockpiles from March 16.
With Schneider Electric and Microsoft, h2e POWER deploys India’s first fully autonomous solid oxide electrolyzer system
In collaboration with h2e POWER, an Indian green hydrogen pioneer, the two companies have deployed India’s first fully autonomous solid oxide electrolyzer system, empowering operators to shift their focus from routine monitoring to more strategic, high-impact work.
India's Reliance buys Venezuelan oil directly from PDVSA
Since Caracas signed a flagship oil supply deal with Washington after the U.S. capture of President Nicolas Maduro in January, only a small group of companies have been able to buy cargoes directly from PDVSA.
Japan to boost intermediate chemical imports amid tighter naphtha supply
About 40% of domestic naphtha consumption is met by domestic production, with another 40% sourced from the Middle East and 20% from other regions, but the war in the Middle East has made imports from that region difficult.
Indian refiners postpone maintenance shutdowns to meet local fuel demand
Indian Oil Corp. and Bharat Petroleum Corp. were among the companies that had planned to shut units at some of their refineries for routine maintenance.
Vietnam refinery boosting jet fuel production
Vietnamese aviation authorities said last week the country's airlines were planning to cut their operations due to fuel shortage.
China plans to upgrade some petrochemical plants, phase out others by 2029
From next year, authorities will conduct annual rolling surveys and assess any newly identified outdated facilities.
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