Asia/Pacific
Rosneft says clinches oil supply deal with China's CEFC
MOSCOW (Reuters) — Russia’s largest oil producer Rosneft said on Monday it had signed a deal with CEFC China Energy Company Ltd on oil supplies, further strengthening its foothold in the world’s largest energy consumer.
Three dead after suspected gas leak at PetroChina refinery
BEIJING (Reuters) — Three workers were killed and six others injured during a suspected gas leak at a PetroChina-operated refinery in Dalian on Saturday evening, state media said on Monday.
Singapore charges defunct marine fuel supplier, staff for cheating
SINGAPORE (Reuters) — A Singapore marine fuel supplier and three executives have been charged with cheating as part of a government crackdown on short deliveries of fuel to vessels in the world’s largest bunkering hub.
Middle East, US crude oil curbs Indian appetite for African supplies
NEW DELHI (Reuters) — India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.
Petrobras CEO says to discuss refining partnership with CNPC CEO
NEW YORK (Reuters) — Petrobras Chief Executive Officer Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp in Brazil to discuss the details of their partnership to build a refinery complex in Rio de Janeiro.
China's oil refiners rush to cash in on bumper profits
BEIJING (Reuters) — Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly 2 yr after a rally in diesel and gasoline prices.
Rosneft board approves oil deal with China's CEFC
BEIJING (Reuters) — Russia's Rosneft has approved a 2018 deal to supply CEFC China Energy about 12 MMt of crude oil as part of the Chinese firm's $9.1 B investment in the Russian oil major, a Chinese source with direct knowledge of the matter said on Thursday.
Venezuela's PDVSA to tap oil customers to pay $449 MM to ONGC
NEW DELHI (Reuters) — Venezuela's national oil company PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 MM owed to India's ONGC Videsh Ltd, the Indian company said in a statement on Wednesday.
S.Korea's Oct crude oil imports from Iran down 9.5% on-month
SEOUL (Reuters) — South Korea's imports of Iranian crude oil fell 9.5% in October from the previous month as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.
CB&I awarded residue upgrading technology contract in India
THE WOODLANDS, Texas — CB&I announced it has been selected by Indian Oil Corporation Limited (IOCL) for the license, engineering design and catalyst supply for a residue upgrading unit in Mathura, India.
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