Asia/Pacific
China's Sinopec buys first major African refinery in Chevron deal
BEIJING (Reuters) -- China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.
Indonesia plans to file WTO complaint over EU biodiesel duties
JAKARTA (Reuters) -- Indonesia plans to file a World Trade Organization complaint this month against European Union anti-dumping duties on biodiesel exports from the Southeast Asian country, trade officials said on Sunday.
Hindustan Petroleum refinery to use Honeywell UOP technology
DES PLAINES, Ill. – Honeywell announced that Hindustan Petroleum Corporation Limited is using technologies from Honeywell UOP for the expansion and modernization of its refinery at Visakhapatnam in Andhra Pradesh on the southeast coast of India.
Indonesia police say Interpol issues red notices for 3 Sinopec execs
JAKARTA (Reuters) -- Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia.
Beset by delays, Myanmar-China oil pipeline nears start-up
YANGON/BEIJING (Reuters) -- Nearly a decade in the making, a project to pump oil 480 mi across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route.
Berkshire's Lubrizol to take majority stake in India JV
(Reuters) -- Lubrizol Corp, the specialty chemicals unit of Warren Buffett's Berkshire Hathaway Inc, said on Monday it plans to take majority control of its Indian joint venture with state-run Indian Oil Corp, boosting its stake to 74% from 50%.
China rescues 13 from burning oil tanker in East China Sea
BEIJING (Reuters) -- Chinese authorities rescued 13 people from oil tanker Xinglongzhou 569 that caught fire after a suspected explosion around 5 p.m. Sunday in the East China Sea, the official Xinhua news agency reported on Monday.
Saudi king's Asia tour trumpets Aramco's moves downstream
SINGAPORE (Reuters) -- Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 t of luggage, had a hardnosed marketing mission -- to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.
Sinopec nears deal to buy Chevron's South African assets
NEW YORK/SINGAPORE (Reuters) -- China's Sinopec is nearing a deal to buy Chevron's South African oil assets for up to $1 billion to secure its first major refinery on the continent, several people familiar with the matter said.
India's IOC buys its first Hibernia crude from Canada's Suncor
CALGARY, Alberta/NEW DELHI (Reuters) -- Indian Oil Corp became India's first refiner to buy light sweet Hibernia crude from Canada's largest oil company, doing the deal after the opening of the arbitrage for Canadian oil to flow to Asia.
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