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Asia/Pacific

Global Project Data

Hydrocarbon Processing Staff: Nichols, Lee

<i>Hydrocarbon Processing</i>’s Construction Boxscore Database is tracking more than 1,700 active downstream construction projects around the world.

Industry Perspectives: What is the future of the global HPI?

Hydrocarbon Processing Staff: Nichols, Lee

Over the past year, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).

Editorial Comment: HP Top Project Awards 2017

Hydrocarbon Processing Staff: Nichols, Lee

It’s that time again! <i>Hydrocarbon Processing</i> has announced the nominees for its annual Top Project awards.

S. Korea's KNOC refreshes Iraqi crude supplies in oil reserves

SEOUL/SINGAPORE (Reuters) — Korea National Oil Corp (KNOC) issued several tenders to buy and sell Iraqi crude from its strategic petroleum reserves (SPR) this week, three industry sources with knowledge of the matter said on Friday.

Vietnam's Sept crude oil output falls 9.9% year-on-year to 1.06 MMt

HANOI (Reuters) — Vietnam's crude oil output in September is estimated at 1.06 MMt (259,000 bpd), down 9.9% from a year ago, the government said on Friday.

Statoil charters last of the world's largest oil tankers to hold crude for Asia buyers

SINGAPORE (Reuters) — Norway’s Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world’s largest oil tankers, to store oil off of Malaysia for distribution in smaller parcels to its clients in Asia, company executives said.

Dongming steps up crude purchases in 2017 for Shandong oil refiners

SINGAPORE (Reuters) — Pacific Commerce, the trading arm of refiner Shandong Dongming Petrochemical, has purchased 66% more crude oil in 2017 than last year, both for its own system and for other independent Chinese refiners, a Dongming senior executive said on Wednesday.

JXTG to shut Muroran petchem plant as Japan gasoline demand fades

TOKYO (Reuters) — JXTG Nippon Oil & Energy Corp, Japan's biggest oil refiner, said on Wednesday it will shut its Muroran petrochemicals plant due to falling demand for gasoline in Japan.

India needs to double refining capacity by 2040 to meet fuel demand growth

SINGAPORE (Reuters) — India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said on Wednesday.

China's CEFC wins preliminary govt approval for Rosneft deal

BEIJING/HONG KONG (Reuters) — Privately-run conglomerate CEFC China Energy has obtained preliminary state approval for its proposed $9.1 B investment in Russian oil major Rosneft, three sources with knowledge of the matter told Reuters.