Asia/Pacific
India flags potential for investments of $500 B in its energy sector
Russia hunts for new naphtha markets as key buyers pull back
Buyers have become more cautious after Washington imposed sanctions on top Russian oil producers, forcing sellers to hold naphtha on ships or in storage abroad from where it can be re-exported, often with the destination obscured.
Indian Oil to raise diesel exports with refining capacity boost
IOC is raising its annual refining capacity to 98 MMtpy in a year and a half from 80 MMtpy currently.
Envision's AI-powered green ammonia and H2 breakthrough named global benchmark by WEF
The report recognizes the Chifeng project as a transformative model for the global energy transition, highlighting Envision's AI-driven Power System as the catalyst for turning intermittent renewable energy into a stable, "green petroleum" equivalent.
India shifts diesel exports to West Africa as EU bans Russian crude-derived fuel
The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing India’s oil refineries to seek new markets and disrupting Turkey's lucrative trade in supplying fuel to the EU.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
