Refining
India's January Russian oil imports may fall sharply as Reliance expects no deliveries
India emerged as the biggest buyer of discounted Russian seaborne crude following the start of the Ukraine war in 2022. The purchases have fueled a backlash from Western nations.
China's Hengyi Petrochemical to proceed with Brunei refinery expansion
The expansion aims to enhance Hengyi’s refining and petrochemical capabilities while supporting Brunei’s downstream industrial development.
Opinion: U.S. oil refiners win, Chinese rivals lose in Trump’s Venezuela strike
Speaking on Saturday after announcing Maduro’s arrest on Truth Social, Trump said he would maintain the U.S. embargo on exports of sanctioned Venezuelan crude oil for now, but also stated that the U.S. would run Venezuela "for a period of time," suggesting U.S. restrictions could be lifted very soon.
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- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
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

