Asia/Pacific
Thai IRPC to invest $280 MM to expand petchem output capacity
BANGKOK (Reuters) -- Thailand's integrated oil refiner IRPC Pcl plans to invest $280 million next year with an aim to expand the production capacity of a petrochemical product and boost its long-term earnings growth, a top executive said.
CB&I announces alkylation and hydrocracking awards in China
THE WOODLANDS, Texas -- CB&I announced it has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along with catalyst supply.
India's diesel demand boosts rare imports of the fuel
SINGAPORE (Reuters) -- A rise in diesel demand is boosting India's rare imports of the industrial and transport fuel, helping to mop up some of the excess supply of the fuel in Asia, traders said on Wednesday.
CNOOC to start new Huizhou refinery in Q2, plans Saudi supply
BEIJING (Reuters) -- China National Offshore Oil Corp, or CNOOC, is expected to start operating a new refinery in southern China in the second quarter of 2017, with Saudi Arabia as the potential crude supplier, three sources familiar with the plan said on Wednesday.
CNPC plans to cut HQ staff by 20% in efficiency drive
BEIJING (Reuters) -- China National Petroleum Company plans to cut staff at its Beijing headquarters by 20%, the company said in a post on its social media blog on Tuesday, the latest move in an efficiency drive by the country's top state energy group.
Scientific Design signs technology contract with Sanrui
LITTLE FERRY, NEW JERSEY -- Scientific Design Company, Inc. (SD) today announced that Sanrui Technology Chemical Industry CO., LTD. has selected SD’s EO/EG technology for their complex in Cangzhou, Hebei, China.
IEA: Oil demand to grow more swiftly, too early to assess global output cut
LONDON (Reuters) -- Global oil demand will rise more strongly than expected next year, although it is too soon to fully assess the impact of a joint cut in supply by the world's largest producers, International Energy Agency said on Tuesday.
China suitor tightens grip on century-old Caribbean refinery
BEIJING/HOUSTON (Reuters) -- China's Guangdong Zhenrong Energy Co will submit a plan by April to revamp a century-old oil refinery in Curacao, as it seeks to secure a $5.5 billion project that will give China a foothold in the Caribbean's second-largest oil refinery.
China's Sinopec weighs takeover of Gulf Keystone
(Reuters) -- China's Sinopec Corp is weighing a takeover of Gulf Keystone Petroleum, an oil company operating in the Kurdistan region of Iraq, Bloomberg reported on Tuesday.
S.Korea's Lotte Chemical to invest $215 MM to add ethylene capacity
SEOUL (Reuters) -- South Korea's Lotte Chemical Corp said on Monday it will invest $215.82 million to increase the ethylene production capacity at its southwestern Yeosu plant by 2018.
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