Asia/Pacific
Australia commits $7 B to boost fuel stockpiles, create government reserve
The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks.
Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG
Asia/Pacific
/ Crude oil
/ Europe
/ Gas Processing/LNG
/ Gasoline
/ Middle East
/ Refining
/ Aviation Fuel
The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.
India's Reliance cuts exports of alkylates, boosts LPG output
Reliance typically exports alkylates to the United States.
LANXESS inaugurates new lubricant additives manufacturing plant in India
Designed to serve both domestic and international markets, the facility will primarily cater to customers across India, the Middle East, and other key global markets.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
