Asia/Pacific
China to issue non-state crude oil import licenses to 5 refiners
BEIJING (Reuters) -- China will issue non-state crude oil import licenses to five refiners, including China National Chemical Corp and four independent refiners, the country's commerce ministry said on Tuesday.
Aramco's Malaysia deal gives Saudis upper hand in fight for Asia oil share
SINGAPORE/KHOBAR, Saudi Arabia (Reuters) -- Top global oil exporter Saudi Arabia broke from the pack in the race to lock up Asian market share after agreeing on Tuesday to pump $7 billion into a refinery-petrochemical complex in Malaysia, analysts said.
Pertamina looks for partner to take majority stake in Bontang refinery project
JAKARTA (Reuters) -- Indonesia's state oil company Pertamina expects to find a partner to take a majority stake in a proposed refinery to cost more than $10 billion in Bontang, East Kalimantan, by April, senior company officials said on Tuesday.
India's Reliance buys naphtha to feed growing domestic demand
SINGAPORE (Reuters) -- India's Reliance Industries has bought between 60,000 and 90,000 t of heavy full-range naphtha for March arrival to plug a supply gap due to its growing petrochemical capacity, industry sources with knowledge of the matter said on Tuesday.
Japan's JX says March crude refining to drop 5% y/y
TOKYO (Reuters) -- Japan's top oil refiner JX Nippon Oil & Energy Corp said on Tuesday it would refine 988,100 bpd of crude oil in March for domestic consumption.
Hyundai Oilbank buys S.Korea's first US Southern Green Canyon crude
SEOUL/SINGAPORE (Reuters) -- South Korean refiner Hyundai Oilbank has purchased a cargo of US Southern Green Canyon crude oil, the country's first import of the grade, three trade sources said on Tuesday.
KBR awarded revamp contract for Korean ethylene plant
HOUSTON -- KBR, Inc. announced it has been awarded a technology licensing and basic engineering design (LBED) revamp contract by LG Chem for its Ethylene Plant at Daesan, South Korea.
India's L&T awarded $165-MM contract from refiner Indian Oil Corp
NEW DELHI (Reuters) -- A unit of Indian engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd, the country's largest refiner, worth $165 million, it said in a statement on Saturday.
France's Engie starts global LPG desk to meet power demand, hedging needs
SINGAPORE (Reuters) -- France's international utility company Engie has started a global desk to trade liquefied petroleum gas (LPG) and plans to promote the fuel as a replacement for diesel in power generation, senior executives said on Thursday.
China January diesel exports up a third from last year
BEIJING (Reuters) -- China's January exports of diesel fuel rose 32.5% from a year earlier to 960,000 t, data from the Chinese General Administration of Customs showed.
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