Asia/Pacific
Saudi Arabia and India were biggest buyers of Russian fuel oil, VGO in July
Since the European Union's full embargo on Russian oil products took effect in February 2023, Middle Eastern and Asian countries have become the main destinations for Russia's fuel oil and VGO supplies.
Canada's Alberta eyes investment in Japan's refining to boost oil exports
Canada's main oil-producing province of Alberta is considering a financial investment in Japan's refining sector, an attempt to reduce its overwhelming dependence on top trade partner the U.S. for oil exports.
China's Sinochem to sell two bankrupt refineries to local operators
The acquisitions, which come during a consolidation of the world's largest refining base, would see the new owners step up crude imports and resume operations at the troubled plants, lifting oil purchases at the world's top importer.
CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China
China National Offshore Oil Corp has completed building a $2.9-B, 1.8-MMtpy integrated refining and petrochemical complex in eastern China
Chinese independent refiner Hongrun buys Canadian, Brazilian crude
Chinese independent refiner Hongrun Petrochemical has bought crude from Canada and Brazil for its Changyi refinery that recently secured an import quota.
thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia
The project, located in Victoria, Australia, will use biomass residues and renewable electricity to produce green methanol that can be used as a low carbon liquid fuel to power shipping and aviation.
Sumitomo Chemical achieves scale-up of its process for producing propylene directly from ethanol
Sumitomo Chemical has constructed and begun operation of a pilot facility at the Sodegaura site of its Chiba Works for its new proprietary process to produce propylene directly from ethanol.
Addverb reinvents its factory automation development with Siemens Xcelerator
Addverb has adopted Siemens' Teamcenter® software for product lifecycle management (PLM) to streamline product development, ensure data consistency and enhance cross-functional collaboration across engineering and manufacturing teams.
Sanctions-hit Indian refiner Nayara turns to ‘dark fleet’
Nayara, which controls about 8% of India's 5.2-MMbpd refining capacity, has been struggling to transport fuel since being placed under EU sanctions in July.
China’s Sinopec Shanghai Petrochemical first half profit slides
The company said the market remains challenging, with strong supply and weak demand, rising penetration of new-energy vehicles squeezing fuel demand, and the chemical sector still at a cyclical low.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
