Asia/Pacific
China’s Sinochem Hongrun sells first fuel export
Sinochem Hongrun, partly owned by state-run Sinochem Corp., sold a 35,000-ton cargo of 92-octane gasoline to trading house Trafigura, the sources said, and it was being loaded on Wednesday.
Indonesia’s Pertamina to pick partner in April for $12B Tuban refinery
Pertamina is currently in talks with Saudi Arabian national oil giant Saudi Aramco, China's Sinopec Corp., Kuwait Petroleum International (KPI), Russia's Rosneft and a consortium involving Thailand's PTT Global Chemical and Thai Oil, said Pertamina refineries director Rachmad Hardadi.
Chinese diesel exports rise over 300% from 2015
Gasoline exports rose 9.1% in March from a year earlier to 670,000 tons, while kerosene exports fell 7.4% on year to 1.03 million tons, the Chinese data showed.
Asian refiners buoyed by rising jet fuel demand
A draw down in excess jet fuel stocks will provide a rare pillar of support for Asia's massive refining sector that has been hit by poor profits, given weak demand for diesel.
Bangladesh to more than triple refining capacity
The new unit at Patenga refinery in Chittagong will cost $1.7 billion, said Nasrul Hamid Khan, Bangladesh's junior minister for power, energy and mineral resources.
India’s HPCL to invest $3.8B to expand refining capacity by two-thirds
HPCL will boost the capacity of its Mumbai refinery to 190,000 bpd by July 2019 from 130,000 bpd, while the Vizag refinery will ramp up to 300,000 bpd from 166,000 bpd by July 2020.
China calls for talks after Costa Rica abandons $1.5B refinery project
The refinery upgrading project has been paralyzed since 2013 by Costa Rica's comptroller after complaints of conflicts of interest in the feasibility studies.
India’s JBF secures paraxylene supply from ONGC
JBF Petrochemicals is in the process of commissioning a PTA plant with 1.25 MMtpy of capacity, using technology from BP, at Mangalore. The paraxylene will be supplied by OMPL.
China’s crude import growth slows as refining inventories swell
Independent refineries in China have been ramping up their crude processing rates and boosting fuel sales as low global oil prices provide higher margins.
Total to broaden LNG cooperation with Korea Gas
The agreement is designed to jointly identify and pursue opportunities to develop the LNG market in Asia and in new importing countries, Total said in a statement.
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