Asia/Pacific
Indian refiners shift oil strategy, trim Russian buys and turn to Middle East
Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs.
India's HPCL to begin crude processing at Barmer refinery by end of month
With the commissioning of the Barmer refinery, HPCL will become the second largest state-run refiner, replacing Bharat Petroleum Corp., which operates 706,000 bpd of capacity through its three refineries.
China's fuel oil imports slip in 2025 on weaker demand from refineries
China's demand for fuel oil typically comes from independent refiners, which can opt to use it as an alternative feedstock when they run out of crude-oil import quotas.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
