Asia/Pacific
S.Korea's SK Innovation to build new desulfurization unit by 2020
SEOUL (Reuters) — The owner of top South Korean oil refiner SK Energy said on Wednesday that it would spend about $897.8 MM to build a new desulfurization unit by 2020, part of a push to churn out cleaner shipping fuels.
Asian imports of Iranian oil hit highest in 6 mos
TOKYO (Reuters) — Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China and South Korea.
China's Sinopec mulls US oil projects ahead of Trump's visit
SINGAPORE (Reuters) — China's state oil major Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports and also expand storage facilities in the Caribbean, two people familiar with the matter said on Tuesday, with US President Donald Trump set to visit Beijing next week.
S.Korea's S-Oil expects strong refining margins for next 2 yr
SEOUL (Reuters) — South Korea's S-Oil corp said on Monday that profits from refining crude oil would stay strong for the next couple of years due to a tight outlook for supply.
Iran's crude, condensate exports to tumble to 19-month low in Oct
TOKYO/SINGAPORE (Reuters) — Iran's total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, dented by production issues, a person with knowledge of the country's tanker loading schedule said.
India HMEL may halt naphtha exports from 2021–2022
NEW DELHI (Reuters) — India's HPCL-Mittal Energy Ltd (HMEL), part-owned by steel tycoon L N Mittal, may halt naphtha exports from the 2021–2022 fiscal year when it starts its $3.1 B cracker, the chairman of Hindustan Petroleum Corp said.
Ecuador seeks renegotiation of China oil sales, loans
QUITO (Reuters) — Ecuador is seeking to renegotiate oil deals with Chinese firms to get higher prices for its crude exports and reduce the amount it has to send the Asian giant, the head of state-owned Petroecuador, Byron Ojeda, said on Tuesday.
IEA sees Southeast Asia oil demand growing until at least 2040
SINGAPORE (Reuters) — Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make plastics, the International Energy Agency said on Tuesday.
Vopak launches concurrent bunkering services at its Singapore terminal
SINGAPORE (Reuters) — Vopak, the world’s largest independent storage tank operator, has launched a new service that allows tankers docking at its Singapore Sebarok oil terminal to refuel while simultaneously loading or discharging cargoes.
Noble Group to sell oil liquids unit to Vitol, flags $1.2 B loss
SINGAPORE (Reuters) — Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 MM as part of a debt-cutting strategy, and warned of a big loss for its third quarter.
- Ketjen introduces new breakthrough catalyst that mitigates the effects of iron poisoning in FCCUs 8/20
- Sumitomo Chemical achieves scale-up of its process for producing propylene directly from ethanol 8/20
- EcoCortec, Jakob Schober GmbH awarded sustainability award for closed-loop circular films solution 8/20
- Addverb reinvents its factory automation development with Siemens Xcelerator 8/20
- Sanctions-hit Indian refiner Nayara turns to ‘dark fleet’ 8/20
- EIA: Crude and gasoline inventories fall, distillates rise 8/20
