Asia/Pacific
Petronas, Aramco to finalize RAPID deal after resolving 'technical issues'
KUALA LUMPUR (Reuters) — Malaysian state energy company Petronas and Aramco are facing "technical issues" in finalizing the Saudi oil major's $7 B investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported on Friday.
Thai refiner IRPC's quarterly profit more than doubles on rising oil prices
BANGKOK (Reuters) — Thai oil refiner IRPC Pcl's net profit more than doubled in the third quarter as the subsidiary of energy giant PTT Group benefited from rising oil prices and higher margins on its chemical products.
Metso receives major oil and gas valve orders from Chinese petchem customers
Metso has received four major valve orders for the oil and gas industry from Chinese petrochemical customers.
BPCL ramps up run rate at Kochi refinery after expansion
SINGAPORE (Reuters) — India's Bharat Petroleum Corp Ltd (BPCL) has ramped up the operating rate of its Kochi oil refinery after completing an expansion at the plant in southern India, two sources with direct knowledge of the matter said on Thursday.
Praxair starts up VPSA plants in South Korean petchem complex
DANBURY, Conn. — Praxair, Inc. announced it has started up three new vacuum pressure swing adsorption (VPSA) plants at the Daesan petrochemical complex located on the west coast of the Korean peninsula. Praxair will start up a fourth VPSA plant in early 2018.
Idemitsu restarts Chiba naphtha cracker
TOKYO (Reuters) — Japan's Idemitsu Kosan said on Wednesday it restarted the 414,000 tpy Chiba naphtha cracker after works to increase its capacity to process propane were completed.
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.
- Southern Energy Renewables and Axens Sign MoU to advance SAF projects in Louisiana and beyond 4/8
- One of the largest heat pumps in the world has reached BASF's Ludwigshafen site 4/8
- LANXESS introduces surcharge for Lewatit ion exchange resins 4/8
- India raises HPCL Rajasthan Refinery project cost to $8.6 B 4/8
- Iranian Oil Refining Co. confirms attack on Lavan refinery 4/8
- Slovakia ending diesel fuel export ban, other measures still in place 4/8
