Asia/Pacific
Prices stable but visitors see some gas stations shut in N. Korea
SEOUL (Reuters) -- Some of North Korea's state-run petrol stations are restricting sales or appear to have closed, visitors said on Wednesday, ahead of a UN Security Council meeting to discuss tougher sanctions on the isolated state that could include curbs on oil imports.
China to boost non-fossil fuel use to 20% by 2030
BEIJING (Reuters) -- China aims for non-fossil fuels to account for about 20% of total energy consumption by 2030, increasing to more than half of demand by 2050, its state planner said on Tuesday, as Beijing continues its years-long shift away from coal power.
Russia elbows Saudi Arabia aside as China's top crude oil supplier in March
BEIJING (Reuters) -- Russia reclaimed its position as China's biggest crude oil supplier in March, customs data showed on Tuesday, displacing Saudi Arabia after two months in second place as Moscow fights to hang on to its slice of the Chinese market.
Iran becomes No. 2 oil supplier to S. Korea in Q1 2017
SEOUL (Reuters) -- Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No. 2 spot on a quarterly basis.
S.Korea's GS Caltex buys Russian Urals crude for first time
SEOUL (Reuters) -- GS Caltex, South Korea's second-largest refiner, has bought Russian Urals crude for the first time, a company spokesman said on Monday.
China exports record diesel volumes in March
BEIJING (Reuters) -- China exported record volumes of diesel in March and boosted sales of gasoline and kerosene as refiners continued to turn to foreign markets to offload their excess product, while liquefied natural gas imports also jumped, customs data showed on Sunday.
China demand drives Singapore oil storage sales to nearly a year-high
SINGAPORE (Reuters) -- Crude oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April.
Bechtel awarded two contracts for petchem project in Egypt
HOUSTON -- Bechtel, a company in engineering, procurement, and construction, announced that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new polypropylene units at an adjacent site. In its project management role, Bechtel will have oversight of project execution and contractor performance on what will be the largest petrochemicals complex in Egypt.
IRPC '17: Refinery/petrochemical integration creates operational efficiencies
NEW DELHI, INDIA—During Day 2 of IRPC 2017, Ashish Logani, Principal Process Engineer at Fluor, shared insights on how to overcome the challenges associated with integrating petrochemicals production and refining operations.
IRPC '17: Senior engineer sees "dynamic market" for European diesel imports
NEW DELHI, INDIA—During an IRPC 2017 morning session on market analysis, Shailendra Mohite, Senior Engineer—Stakeholder Management at Kuwait Petroleum International, discussed the emerging structural and opportunistic diesel flows of the European market.
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