Asia/Pacific
India BPCL revises naphtha export pricing, adds Argus quotes
NEW DELHI/SINGAPORE (Reuters) -- India's state-run Bharat Petroleum Corp Ltd is revising the formula it uses to price naphtha exports to include the mean prices from Argus Media instead of only relying on S&P Global Platts, a tender document showed.
Japan's Tosoh plans $88 MM naphtha cracker upgrade
TOKYO (Reuters) -- Japanese chemical maker Tosoh Corp said on Thursday it will invest about $88 MM to upgrade its 527,000-tpy naphtha cracker in Yokkaichi, central Japan, by 2020.
ExxonMobil buys Singapore petchem plant, boosts output in Asia
SINGAPORE (Reuters) -- ExxonMobil Corp said on Thursday it has reached an agreement to buy a refining and petrochemical plant owned by Jurong Aromatics (JAC) in Singapore that will boost its output and meet demand in Asia.
Honeywell technology selected for largest petchem project in China
DES PLAINES, Ill. – Honeywell UOP announced that Zhejiang Petrochemical Co. Ltd. will use four of its Polybed pressure swing adsorption (PSA) units to supply high-purity hydrogen for its new integrated refining and petrochemical complex in Zhoushan, Zhejiang Province.
Russia boosts Urals oil flow to India as OPEC cuts output
MOSCOW (Reuters) -- Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up prices, traders said and shipping reports showed on Wednesday.
Praj unveils India’s first integrated bio-refinery
PUNE, India -- Nitin Gadkari, India's Minister for Road Transport, Highways and Shipping, inaugurated Praj's cellulosic ethanol demonstration plant near Pune, India. It is India's first integrated bio-refinery.
MAN Diesel expands Mitsui cooperation
MAN Diesel & Turbo has entered a comprehensive cooperation agreement with Mitsui Engineering & Shipbuilding Co., Ltd. that will intensify their existing, joint business activities. The agreement was signed by Takao Tanaka, President & CEO of Mitsui Engineering & Shipbuilding and Dr. Uwe Lauber, CEO of MAN Diesel & Turbo.
India's record jet fuel exports set to fall as air travel soars
SINGAPORE/NEW DELHI (Reuters) -- India's record jet fuel exports may fall this year as an expanding middle class and cheaper air travel boost local consumption, refinery executives and analysts told Reuters, potentially raising ailing profit margins for the fuel.
Japanese oil refiners Idemitsu, Showa Shell sign alliance deal
TOKYO (Reuters) -- Japanese oil refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu KK said on Tuesday that they have signed a deal to form a business alliance ahead of Idemitsu's stalled merger with Showa Shell.
Puma Energy opens Myanmar’s largest petroleum products terminal
YANGON, Myanmar -- Puma Energy Asia Sun, a JV between Puma Energy, the global mid and downstream energy company, and Asia Sun Energy (ASE), a local company experienced in logistics and trading in Myanmar, celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yangon.
- Mideast conflict turbocharges diesel prices, squeezing Europe 6/23
- Pertamina is looking to import > 200,000/month of 90-octane gasoline 6/23
- Japan will mitigate potential gasoline price spike, prime minister says 6/23
- Linde to invest $400 MM to build the world-scale air separation unit 6/23
- PETRONAS Lubricants India secures aftermarket service fill contract from Mahindra Automotive Division 6/23
- Brazil CNPE energy council to discuss increasing ethanol, biodiesel mandates 6/23
