http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2024/05/pakistan-china-to-sign-mou-on-oil-to-chemicals-complex-in-june/ During Prime Minister Shehbaz Sharif's visit to Beijing in June, China and Pakistan are expected to sign a memorandum of understanding (MoU) on a crude-to-petrochemical refinery project. http://hydrocarbonprocessing.com/news/2024/05/singapore-middle-distillate-stocks-tumble-to-nearly-three-month-low/ Singapore's middle distillates stocks slid to a nearly three-month low this week, falling below 11 MMbbl for the first time in a month as gains in jet fuel/kerosene net exports offset declines in diesel/gasoil net exports. http://hydrocarbonprocessing.com/news/2024/05/chinas-cncec-to-build-300-000-bpd-al-faw-refinery-in-iraq/ China's National Chemical Engineering Company (CNCEC) has inked a deal with the Southern Refineries Company to build a 300,000-bpd refinery in Al-Faw, Iraq. http://hydrocarbonprocessing.com/news/2024/05/ethylene-downcycle-puts-nearly-25-of-capacity-at-risk-of-closure/ A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie. http://hydrocarbonprocessing.com/news/2024/05/gcc-industry-leaders-solidify-commitment-toward-plastic-circularity/ Arabian Gulf industry leaders reaffirmed their commitment to adopting a collaborative approach to develop plastic circularity, invest in Design for Recycling (DfR) and address plastic waste at the 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Conference. http://hydrocarbonprocessing.com/news/2024/05/adnoc-delivers-first-bulk-shipment-of-ccs-enabled-low-carbon-ammonia-to-japan/ ADNOC has delivered the world’s first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage to Mitsui & Co., Ltd. for use in clean-power generation in Japan. http://hydrocarbonprocessing.com/news/2024/05/weak-asia-refining-margins-see-swing-to-crude-from-the-americas/ The profit from turning a barrel of crude oil into fuels in Asia is at the lowest in seven months, which is leading refiners to turn away from expensive Middle East grades and seek cheaper alternatives from the Americas. http://hydrocarbonprocessing.com/news/2024/05/irans-persian-gulf-mehr-refinery-scheduled-for-completion-in-early-2025/ Phase 1 construction of Iran's Persian Gulf Mehr refinery is progressing, with project completion expected in early 2025. http://hydrocarbonprocessing.com/news/2024/05/iran-announces-15-petrochemical-projects-to-expand-domestic-production-to-nearly-80-mmtpy/ Morteza Shahmirzaei, head of the National Petrochemical Co. (NPC), in Iran, announced plans to launch 15 petrochemical projects that will increase the country's domestic production to nearly 80 MMtpy.  http://hydrocarbonprocessing.com/news/2024/05/russia-gained-newer-diesel-trade-partners-in-2023/ In 2023, Brazil and Saudi Arabia replaced France and Germany as the countries with the second- and third-most seaborne diesel imports from Russia after sanctions related to Russia’s petroleum product trade went into effect in February 2023.