Asia/Pacific
CNPC, Eni sign new cooperation agreement
ROME — China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities.
NRL signs MoU with UNIDO for bio-refinery
NRL signed an MoU with United Nations Industrial Development Organization (UNIDO) for inclusive and sustainable bamboo supply chain development for its upcoming bio refinery at Numaligarh, Assam.
Sinopec starts up Tianjin commercial crude reserve
(Reuters) — A new commercial crude oil reserve base built by China’s Sinopec Corp in northern Chinese port of Tianjin received its first oil shipment on Wednesday, the state refiner said.
China's crude refinery output rebounds in Aug on new quotas
BEIJING (Reuters) — Chinese refineries processed 6.5% more crude oil in August than a year earlier at 47.12 MMt, or about 11.1 MMbpd, data from the National Bureau of Statistics showed on Thursday.
CB&I awarded storage project in Central Asia
THE WOODLANDS, Texas — CB&I announced it has been awarded a contract valued at approximately $50 MM for a storage project in Central Asia. CB&I's scope of work includes the engineering, fabrication and construction of nine flat bottom tanks.
China's plastic demand to rise as foreign garbage ban to curb recycled supply
SINGAPORE (Reuters) — China's already soaring plastic demand may rise even further as the government plans to ban waste-plastic imports by the end of this year, which will curb domestic plastic recycling.
China set for ethanol binge as Beijing pumps up renewable fuel drive
BEIJING (Reuters) — China's bold plan to blend renewable fuels into its gasoline supply within 3 yr will revolutionize its fledging biofuels industry, industry players said, likely spurring billions of dollars in investment in ethanol factories.
India's fuel demand falls the most in over 14 yr
NEW DELHI (Reuters) — India's fuel consumption fell 6.1% in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels.
S.Korea's GS Caltex says unsure when will restart fire-hit hydrocracker, aromatics unit
SEOUL (Reuters) — GS Caltex, South Korea’s second-largest oil refiner, said on Monday that it was unsure when it would be able to restart a hydrocracker and aromatics unit after they were hit by fire last month.
PTTGC announces $4 B 5-yr investment plan for eastern Thailand
BANGKOK (Reuters) — PTT Global Chemical Pcl, Thailand’s largest petrochemical producer, on Tuesday announced a $4 B investment plan over the next 5 yr in an industrial development on the eastern seaboard.
- 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
