Asia/Pacific
Aramco signs agreements with Rongsheng and Hengli Group
Aramco has signed a Development Framework Agreement with Rongsheng Petrochemical Co. Ltd. and a Strategic Cooperation Agreement with Hengli Group. This agreements focus on the possible expansion of Saudi Aramco Jubail Refinery Company (SASREF) facilities and the possible acquisition of a 10% stake in Hengli Petrochemical Co., Ltd.
Tsubame BHB receives order for 2nd unit in Japan, installing small ammonia manufacturing facilities for industrial use
Tsubame BHB Co. Ltd., has received an order for small ammonia synthesizing facilities, the second commercial unit in Japan for industrial applications.
Splitwaters to supply 2.5 GW of electrolyzers and EPC services for green urea project in Australia
U.S.-based Splitwaters will supply 2.5 GW of electrolyzers for the ambitious green urea project located in Western Australia.
Russia's Yaroslavl refinery FCCU shut for 2-weeks unplanned maintenance
Russia's Yaroslavl oil refinery (YANOS) operated by Slavneft, a subsidiary of Rosneft and Gazprom neft, has shut its gasoline-producing fluid catalytic cracking unit (FCCU) for unplanned maintenance expected to last two weeks.
KBR's ROSE technology selected by Zhejiang Petroleum for the largest SDA unit in China
KBR has been awarded a contract for its ROSE® supercritical solvent de-asphalting (SDA) technology from Zhejiang Petroleum & Chemical Co. Ltd. (ZPC), a subsidiary of Rongsheng Petrochemical Co. Ltd. in China.
Russia's September western port oil loadings to rise 1.5% m/m despite seasonal refinery maintenance
Russia will increase oil exports via its western ports to 1.98 MMbpd in September, up by just 30,000 bpd from August, despite the expected start of seasonal maintenance on Russian refineries.
Transition to cleaner fuels seen dragging on China's oil demand growth
China's shift towards lower-carbon fuels and a sluggish economy are dampening oil demand growth in the world's largest crude importer.
Gunvor growing Asia operations, expanding into LPG, naphtha, gasoline, aromatics, power
Global energy trader Gunvor Group is growing its Asia operations to expand in existing markets such as liquefied petroleum gas (LPG), naphtha, gasoline and aromatics as well as into new areas including power.
Asia refining margins at lowest seasonal levels since 2020 as supplies grow
Asian refiners' margins slumped to their lowest seasonal levels since 2020 this week as supplies of diesel and gasoline rose after peak summer travel demand ended
Malaysia launches aviation decarbonization drive targeting net-zero emissions by 2050
Malaysia is targeting net-zero emissions in its aviation sector by 2050 through the launch of a decarbonization plan.
- LanzaJet expands partnership with Microsoft to strengthen the company’s global growth 6/13
- Phelan Green Group's $2.6-B eMethanol project remains on schedule 6/13
- Algeria launches $7-B investment plan to expand hydrocarbon processing 6/13
- AFPM/API: President Trump officially overturns California (U.S.) gas car ban 6/12
- Decision on oil refiner Italiana Petroli's sale expected around end-June 6/12
- EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases 6/12
