Asia/Pacific
Editorial Comment: HP Top Project Awards 2017
It’s that time again! <i>Hydrocarbon Processing</i> has announced the nominees for its annual Top Project awards.
S. Korea's KNOC refreshes Iraqi crude supplies in oil reserves
SEOUL/SINGAPORE (Reuters) — Korea National Oil Corp (KNOC) issued several tenders to buy and sell Iraqi crude from its strategic petroleum reserves (SPR) this week, three industry sources with knowledge of the matter said on Friday.
Vietnam's Sept crude oil output falls 9.9% year-on-year to 1.06 MMt
HANOI (Reuters) — Vietnam's crude oil output in September is estimated at 1.06 MMt (259,000 bpd), down 9.9% from a year ago, the government said on Friday.
Statoil charters last of the world's largest oil tankers to hold crude for Asia buyers
SINGAPORE (Reuters) — Norway’s Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world’s largest oil tankers, to store oil off of Malaysia for distribution in smaller parcels to its clients in Asia, company executives said.
Dongming steps up crude purchases in 2017 for Shandong oil refiners
SINGAPORE (Reuters) — Pacific Commerce, the trading arm of refiner Shandong Dongming Petrochemical, has purchased 66% more crude oil in 2017 than last year, both for its own system and for other independent Chinese refiners, a Dongming senior executive said on Wednesday.
JXTG to shut Muroran petchem plant as Japan gasoline demand fades
TOKYO (Reuters) — JXTG Nippon Oil & Energy Corp, Japan's biggest oil refiner, said on Wednesday it will shut its Muroran petrochemicals plant due to falling demand for gasoline in Japan.
India needs to double refining capacity by 2040 to meet fuel demand growth
SINGAPORE (Reuters) — India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said on Wednesday.
China's CEFC wins preliminary govt approval for Rosneft deal
BEIJING/HONG KONG (Reuters) — Privately-run conglomerate CEFC China Energy has obtained preliminary state approval for its proposed $9.1 B investment in Russian oil major Rosneft, three sources with knowledge of the matter told Reuters.
Russia keeps spot as China's top oil supplier for sixth month
BEIJING (Reuters) — Russia beat Saudi Arabia to become China’s top crude oil supplier for a sixth month in August, as independent refiners ramped up purchases and as state-owned refiners bought seaborne shipments from the Russian Far East port of Kozmino.
Oil demand may exceed supply by up to 4 MMbpd by 2019
SINGAPORE (Reuters) — Global oil demand may be between 2 MMbpd to 4 MMbpd more than worldwide crude supply by the end of 2019 as exploration spending has declined as prices fell, an executive with commodities trading house Trafigura said on Tuesday.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
