Asia/Pacific
Russia's December idle oil refining capacity revised up 60%
Russia plans to take 1.1 MM tonnes (t) of refining capacity offline in December, up more than 60% from a previous estimate but still less than half the 2.4 MMt in November.
Taiwan's Formosa operates refinery at reduced rate due to maintenance
Taiwan's Formosa Petrochemical Corp. is operating its refinery at a reduced rate of 410,000 bpd due to maintenance at its delayed coker unit (DCU) this month.
Russia lifts gasoline export ban for producers
Russia's government has lifted a temporary ban on the bulk of gasoline exports supplied by producers, while extending the restrictions for other exporters, such as independent traders and re-sellers, until Jan. 31, 2025.
Venezuela's oil, fuel exports approach 1 MMbpd fueled by sales to Asia
Venezuela's oil exports jumped last month on higher sales to its mainstay Asia customers, and approached 1 MMbpd, a level not seen since early 2020.
BASF unveils new HDPE brand Easiplas and HDPE construction milestones at Zhanjiang Verbund site
BASF has launched Easiplas, a new brand of high-density polyethylene (HDPE), alongside reaching significant construction milestones at the HDPE plant at the Zhanjiang Verbund site in China
Traders using STS transfers near Senegal to export Russian naphtha to Brazil
Traders are using ship-to-ship loadings near the Senegalese port of Dakar to handle Russian naphtha exports to Brazil.
Australia's Ampol ends Lytton refinery repairs, provides output forecast
Australia's top fuel retailer Ampol said on Friday it had completed repairs at its fluidized catalytic cracking unit (FCCU) at the Lytton refinery in Queensland, and now expects total production for 2024 to be 5.2 B liters (l).
Indonesia committed to introduce B40 biodiesel on Jan. 1
Indonesia remains committed to start implementing a 40% mandatory biodiesel mix with palm oil-based fuel, or B40, on Jan. 1 next year.
Russian oil refinery runs in Nov. up 6% m/m
Russian refinery oil processing volumes in November are up by 6% versus October to 22.1 MM tonnes (5.4 MMbpd).
Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy
Germany's leftist Sahra Wagenknecht Alliance (BSW), set to join a new Social Democrat-led regional state government in Brandenburg, announced plans on Wednesday to push for the main refinery that supplies most of Berlin's needs to be supplied with Russian oil once more.
- KazMunayGas and Uzbekneftegaz partner to build 50,000-tpy linear alkylbenzene plant 11/17
- Chevron joins race to explore potential purchase of Lukoil assets, including refineries 11/17
- Abra Group and Sumitomo sign MoU to advance affordable SAF in Brazil 11/17
- Sonatrach signs contract for unit with Sinopec subsidiary to boost gasoline production capacity 11/17
- Verso Energy awards FEED contract to Rely for the DEZiR eSAF project 11/17
- Iran confirms seizure of tanker with petrochemical cargo headed for Singapore 11/17
