Asia/Pacific
CB&I awarded technology contract for refining, petchem project in China
THE WOODLANDS, Texas -- CB&I announced it has been awarded a substantial contract for the license, engineering design and catalyst supply for five proprietary technologies to be used in an integrated refining and petrochemical project in China.
China, EU reaffirm climate action after Trump backs away
BEIJING/OSLO (Reuters) -- Nations led by China and the European Union rallied around a global plan to slow climate change on Wednesday after US President Donald Trump began undoing Obama-era plans for deep cuts in US greenhouse gas emissions.
BB Energy buys Morgan Stanley's diesel terminal in Australia
LONDON (Reuters) -- BB Energy has bought Morgan Stanley's diesel terminal in Australia as the oil trader expands outside its core European and Middle East markets, the trading company said on Tuesday.
India's top refiner to supply fuels to Nepal for five years
NEW DELHI (Reuters) -- Indian Oil Corp has agreed to supply refined products to Nepal for the next five years to meet all the fuel needs of the landlocked Himalayan nation, officials said on Monday.
Sinopec overhauls fuel buying policy in new blow to teapots
BEIJING (Reuters) -- Asia's top refiner Sinopec Corp said on Tuesday that it will begin buying gasoline and diesel fuel from third parties through its central office in Beijing, a move that puts further limits on China's independent oil refiners.
Taiwan's CPC to start trial runs at new refining units in May
SINGAPORE/TAIPEI (Reuters) -- State-run Taiwanese refiner CPC Corp said on Monday it plans to start trial runs at new refining units located in the south of the country in May, delayed from earlier this year.
Asia refiners snap up cheap light oil to reap higher fuel profits
SINGAPORE/SEOUL (Reuters) -- As the cost of light crude drops, some refiners in Asia are snapping up cargoes of the oil that is easier and cheaper to process than their usual diet of heavy crude, chasing profits from making diesel and gasoline.
Sinopec's 2016 net profit rises 44%, helped by refining
BEIJING (Reuters) -- China Petroleum and Chemical Corp on Sunday reported that 2016 net profit rose 44% to $6.74 billion from a year earlier on the back of strong performances in refining and chemicals.
Thai Oil buys first crude cargoes from Oman, US amid OPEC cuts
SINGAPORE (Reuters) -- Thailand's largest oil refiner Thai Oil has bought its first ever cargoes of US Eagle Ford crude and Oman crude as its diversifies purchases amid OPEC production cuts, two sources with knowledge of the matter said on Friday.
Vitol reports record volumes as gasoline trade booms
(Reuters) -- Vitol's annual traded volumes rose 16% in 2016 to a new record as the world's largest independent energy trader sold more gasoline and diesel in markets such as the United States and Australia.
- 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
