Economics
Russia’s Lukoil lends Socar $1.5 B in deal to supply its Turkish STAR refinery
Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 B as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again.
Petronas, Idemitsu in deal to develop sustainable aviation fuel
Malaysian state oil company Petronas and Japan's second-biggest oil refiner Idemitsu Kosan Co signed a preliminary agreement to collaborate on development and distribution of sustainable aviation fuel.
Russia surpasses UAE as India's top naphtha supplier amid discounts
Russia has overtaken the UAE to become India's top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing of trade flows in the aftermath of Moscow's Ukraine invasion.
Putin orders regulated prices for fuel oil, Russia's export ban stays
Russian President Vladimir Putin has ordered the government to provide state funds to ensure a smooth heating season, including the introduction of regulated prices for fuel oil supplied for household heating in some regions.
Singapore's middle distillates stocks near 2-year high on lower gasoil net exports
Singapore's middle distillates stockpiles hovered around a two-year high, tracking declines in net gasoil exports, though a rise in jet fuel/kerosene net exports slowed down the overall inventory pile up.
Evonik further expands production capacity for gas separation membranes
Evonik will further expand capacity for production of its SEPURAN hollow fiber membranes in Schörfling and Lenzing, Austria.
Technip Energies awarded an advanced biofuels unit and a green hydrogen unit at Galp Sines Refinery
Technip Energies has been awarded Engineering, Procurement Services and Construction Management contracts by Galp for an advanced biofuels unit and a green hydrogen unit for its Sines refinery in Portugal.
Russia may ease ban on diesel exports soon
The Russian government is ready to ease a ban on diesel exports in coming days.
U.S. energy company HIF Global, Japan's Eneos to explore cooperation in e-fuels
Houston-based e-fuel producer HIF Global and Japanese oil refiner Eneos Holdings will explore cooperating on e-fuels production and distribution, the companies said, in HIF's second such deal in the Japanese market.
Kuwait's Kipic says third refinery at Al Zour oil compound to start operation before end of October
Operations of the third refinery at Al-Zour petroleum complex will begin within a few weeks, "specifically before the end of October."
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
