Asia/Pacific
Asia refining margins soar as sanctions threaten Russian supplies
The strength has mainly been driven by the global diesel market, which has staged an upward swing in recent weeks on robust demand and tighter supply prospects.
BPCL, Oil India to build $11-B refinery, petchem complex in southern state
Oil India is considering taking a 10%–20% stake in the planned refinery in Andhra Pradesh state, while BPCL is seeking additional partners for the project.
Airbus and Cathay form co-investment partnership for scaling SAF adoption
Under the terms of the partnership, the two companies will collaborate to identify, evaluate and invest in projects that support the scaling of SAF production towards 2030 and beyond. Projects will be assessed based on their commercial viability, technology maturity, and potential for long-term offtake.
China's Satellite Chemical pauses ethylene project amid U.S. trade tensions
The new cracker, costing roughly $1 B and with a capacity of up to 1.5 metric MMtpy would process ethane into ethylene, a key petrochemicals building block.
Reliance Industries says it will adapt refinery operations to meet sanctions parameters
Reliance Industries says it is assessing Western sanctions against Russia, and will comply with EU regulations on the supply of fuels.
Indonesia Jan.–Sept. biodiesel consumption rises to 10.57 MM kiloliters, minister says
Indonesia raised the mandatory palm oil content in diesel fuel to 40% this year, up from the previous level of 35% in an effort to reduce the country's reliance on fuel imports.
EU to list two Chinese oil refineries, one trader in new Russia sanctions
The EU has toughened its stance on Beijing as diplomatic efforts have stalled. The EU, Ukraine and its allies view China as a central node in Moscow's sanctions circumvention network.
RINA awarded FEED contract for PETRONAS' flagship CCS project in Malaysia
This step marks a critical acceleration in delivering one of Southeast Asia’s most advanced low-carbon infrastructure projects – strengthening Malaysia’s position as a CCS leader in the region.
Lummus and KMG to establish digital center of excellence in Kazakhstan
The center will serve as a hub for technology transfer and workforce development, providing advanced training, enhancing technical skills, improving industrial safety and strengthening operational excellence for Kazakhstan's growing petrochemical sector.
Trump’s India squeeze to push Russian oil further into the shadows
India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022. It purchased 1.9 MMbpd of Russia’s crude in the first nine months of 2025, 40% of its total exports.
- Indian Oil buys first Colombian oil under Ecopetrol contract 12/31
- Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery 12/31
- Chile's $2.5-B Volta green ammonia project wins environmental permit 12/31
- China begins issuing second batch of 2026 crude import quotas to refiners 12/31
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
