Asia/Pacific
India, Saudi Arabia exploring joint refinery, petrochemical projects
India and Saudi Arabia are exploring joint projects in refineries and petrochemicals, Indian Prime Minister Narendra Modi told Arab News in an interview.
BASF completes divestment of shares in its two joint ventures in Korla, China
BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co. Ltd. and Markor Meiou Chemical (Xinjiang) Co. Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd.
Egypt begins basic design phase for Red Sea Petrochemical Complex project in Ain Sokhna
Egypt's Ministry of Petroleum and Mineral Resources announced the signing of contracts for the Egyptian-Chinese joint venture contractor to implement the basic designs for the first phase of the Red Sea Petrochemical Complex project in Ain Sokhna, Egypt.
China-U.S. trade war redrawing global LPG trading, outlook
The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia.
JGC, Amogy partner to accelerate large-scale ammonia cracking technology
JGC has signed a Memorandum of Understanding (MoU) with Amogy to utilize Amogy's catalyst for large-scale ammonia cracking technology development.
Indonesia ships 2.02 MMt of crude, refined palm oil in March
Indonesia exported 2.02 MM tonnes (t) of crude and refined palm oil in March, down slightly from the previous month's 2.06 MMt.
Russia ramps up oil products supplies to Indonesia
Russia is ramping up shipments of oil products to Indonesia as Moscow seeks to expand new markets for its exports in the wake of Western sanctions imposed over its invasion of Ukraine.
India eyes ending import tax on U.S. ethane and LPG in trade talks
India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and ease its tariff burden.
KBR’s ammonia cracking technology selected by Hanwha for hydrogen project in Korea
KBR has been awarded a second ammonia cracking technology contract by Hanwha Impact Corp. for its clean power generation facility in Korea.
Asian slump, Cyclone Alfred, slash Ampol's refinery margins by half
Australia's top fuel retailer Ampol reported a 49% drop in 1Q refining margins for its Lytton refinery in Queensland on Wednesday, citing lost production due to Cyclone Alfred and weak refining margins in Singapore — a bellwether for Asia.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
