Asia/Pacific
India's refiners bet big on petrochemicals as industry reshapes
NEW DELHI (Reuters) — India's state oil refiners—long focused on churning out transport and cooking fuels—are planning a $35 B push into petrochemicals to meet an expected surge in demand for goods ranging from plastics to paints and adhesives.
Amec Foster Wheeler JV enters Australian petchem market with ammonia facilities contract
LONDON — Clough AMEC has won a landmark contract to provide maintenance services to ammonia facilities in Western Australia that supply international and domestic fertilizer markets and explosives used in the mining industry.
S.Korea's GS Caltex shuts heavy oil upgrading unit after fire
SEOUL (Reuters) — GS Caltex, South Korea's second-largest oil refinery, said it has shut a heavy oil upgrading unit after a fire mishap on Thursday.
Australia antitrust regulator raises flags on BP Woolworths petrol buyout
(Reuters) — Australia's antitrust regulator said on Thursday it was concerned BP Plc's plan to buy the petrol stations of grocery giant Woolworths Ltd would hurt competition, a sign it may block the $1.4 B deal.
India set to unveil new biofuel policy in bid to cut oil, gas, coal imports -minister
NEW DELHI (Reuters) — India will soon announce a new policy to promote biofuels as part of efforts by the world's third-largest emitter of greenhouse gases to cut imports of fossil fuels like oil, gas and coal, a government minister said on Thursday.
Vietnam refinery operator plans $84 MM IPO, eyes 49% strategic sale
HANOI (Reuters) — Vietnam's sole refinery operator Binh Son Refining (BSR) plans to sell 4% of its shares in an initial public offering in November and to sell another 49% of its shares to strategic investors next year, its chairman said on Thursday.
Mammoet using three biggest cranes for Petronas RAPID project
For the first time three of Mammoet’s biggest cranes work at the same time to help realize an ambitious construction schedule for PETRONAS.
Sinopec, PetroChina oil assets unaffected by quake in China's Sichuan
BEIJING (Reuters) — Sinopec Corp said its oil storage facilities and petrol stations have not been affected by the earthquake that struck a remote and mountainous part of the province of Sichuan in southwestern China on Tuesday night.
S.Korea's SK Energy buys 1st US crude oil in move away from Middle East
ULSAN, South Korea (Reuters) — South Korea's top refiner SK Energy is buying its first-ever continental US crude oil shipment as producer club OPEC's output cuts raise MidEast prices, giving other suppliers a chance to compete for the world's juiciest oil market—Asia.
Quadrimex Chemical develops its activities in Asian refineries
Dedicated for more than 30 yr to niche chemical specialties, Quadrimex Chemical proved once again its expertise to deal with specific industrial issues through a tailor-made approach, the company said in a press release.
- 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
