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Asia/Pacific

Teapot refineries slow China’s crude oil stockpiling

China's strategic crude oil stockpiling slowed in the first half of 2016 because of delays in facility construction, resulting in more imports flowing to the country's independent refineries.

China fuel exports cast Q4 pall over global oil products

China's state oil refiners are readying to export more diesel and gasoline in coming months in an already saturated global market.

Tokyo Gas Co. receives first shipment of LNG from Chevron’s Gorgon

Tokyo Gas Co. received its first shipment of LNG produced by the Gorgon LNG project operated in Western Australia by Chevron at the Tokyo Gas Ohgishima LNG Terminal.

SK Innovation seeks to expand business cooperation with Sinopec

SK Innovation Co. is seeking to expand into the refining and lubricant sectors in co-operation with China's Sinopec Corp.

China oil giant CNPC sells $3.8 B of engineering assets

China National Petroleum Corp. will sell $3.8 B worth of engineering related assets to a listed arm as part of a push to restructure its non-core business.

Hindustan Petroleum aims at 60 MM ton refining capacity by 2030

India's third biggest crude oil refiner, Hindustan Petroleum Corp., plans to expand its refining capacity to 60 MMtpy by 2030

China's Zhejiang Rongsheng eyes doubling refinery capacity in 2020

Chinese conglomerate Zhejiang Rongsheng Holding Group plans to double capacity of a joint venture refining project to 800 Mbpd in 2020.

LiqTech to supply $18. MM filtration system for Chinese bioethanol plant

LiqTech International, Inc. has entered into a letter of intent to supply a $1.8 MM filtration system for a 100 Mtpy bioethanol plant to be located in Harbin, Heilongjiang, China.

HIMA moves to a wholly foreign-owned enterprise

HIMA has relaunched its Chinese operation in the form of a wholly foreign-owned enterprise. The new company is named HIMA (Shanghai) Industrial Automation Co.

Platts proposes change in sulfur content in Asia gasoil benchmarks

Oil pricing agency Platts has begun consulting with traders this week on a change it has proposed in the sulfur content of its key gasoil benchmarks in Asia and the Middle East.