Asia/Pacific
AEG Power Solutions to secure power for major petchem plants in Oman
ZWANENBURG, The Netherlands — AEG Power Solutions, a global provider of power electronic conversion systems and solutions for industrial power supplies and renewable energy applications, today announced that it has been selected to provide AC and DC UPS to secure the power supply for a Polyethylene plant (HDPE/LLDPE) and a Polypropylene plant (PP) owned by Oman Oil Refineries and Petroleum Industries Company SAOC - Orpic.
thyssenkrupp establishes its first global Oleochemical cluster in Thailand
thyssenkrupp inaugurated its technology center for the oleochemical industry in Map Ta Phut, Thailand, to deliver engineering solutions to global customers. Representing an investment of more than €18 MM, Map Ta Phut will become thyssenkrupp’s global oleochemical competence center for R&D, engineering, project execution and technology development services.
Japan to raise crude storage capacity for Saudi Aramco by 30%
TOKYO (Reuters) — Japan said on Friday that it was preparing to raise the crude oil storage capacity that it lends for free to Saudi Aramco by 30% from this summer.
Japan, S. Korea oil refiners maximize runs to profit from margins at 5-month highs
SINGAPORE (Reuters) — South Korean and Japanese refiners are running their plants at near-maximum capacity to cash in on profit margins that are at five-month highs, industry sources told Reuters on Friday.
Air Liquide signs contract to supply air separation unit in China
Air Liquide Engineering & Construction has just signed a new contract to supply an air separation unit (ASU) to Shandong Lianmeng Chemical, a large chemical company in China.
Alfa Laval awarded $10.6 MM energy-efficiency order in China
LUND, Sweden — Alfa Laval—a heat transfer, centrifugal separation and fluid handling company—has won an order to supply compact heat exchangers to a refinery in China.
Bangladesh LNG drive likely to hit its diesel, fuel oil demand
SINGAPORE/DHAKA (Reuters) — Bangladesh's plan to start importing LNG next year will likely dampen its demand for oil used in power generation, government and industry sources said.
Azerbaijan's H1 2017 oil exports via Turkey pipeline fall 12% yr/yr
BAKU (Reuters) — Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell 11.8% year on year in the first half of 2017 to 13.174 MMt from 14.930 MMt in the same period last year, state energy company SOCAR said on Wednesday.
Saudi Arabia tightens its grip on Japan, its biggest Asian oil market
SINGAPORE/TOKYO (Reuters)— Saudi Arabia has boosted its market share in Japan, the world's top oil exporter's biggest Asian market, by selling more light crude to the country as a way to offset revenue lost implementing OPEC's production cuts.
Asia's booming diesel market draws rare European cargoes
LONDON/SINGAPORE (Reuters) — Oil traders are shipping diesel out of Europe to Asia and the Middle East where strong demand and tighter supplies have boosted prices, in a rare arbitrage that reverses traditional routes.
- Uniper and AM Green sign long-term offtake agreement for up to 500,000 tpy of renewable ammonia from India 1/12
- Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 B 1/12
- Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets 1/12
- Brazil's diesel imports hit record in 2025 amid local production decline 1/12
- Vitol to load first diluent cargo under Venezuela supply deal last weekend 1/12
- Maersk explores more ethanol use for green fuel to cut reliance on China 1/12
