Asia/Pacific
Indonesia targets to double refinery capacity by 2025
JAKARTA (Reuters) -- Indonesia is targeting to more than double its national refinery crude capacity to around 2.2 MMbpd with a program of upgrades and new developments up to 2025, data presented by state energy company Pertamina on Thursday showed.
China Feb gasoline exports jump to 2nd-highest on record, imports plunge
BEIJING (Reuters) -- China's gasoline exports in February climbed to their second-highest monthly level on record as refiners increasingly turn to exports to Asian markets to drain a domestic supply glut that almost wiped out imports altogether.
PetroChina's head of crude oil trading resigns, replaced by deputy
BEIJING (Reuters) -- The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company, a rare departure from a state-owned enterprise known for retaining talent in the midst of rapid expansion.
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.
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