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Asia/Pacific

Gastech '17: Day four edition of the official conference newspaper

TOKYO -- Here is the day four edition of the official newspaper for the Gastech 2017 Conference & Exhibition.

China's Sinopec shuts Yanshan refinery rubber unit after environmental checks

BEIJING (Reuters) — China's Sinopec has ordered its rubber unit in Yanshan refinery to shut in response to environmental checks, it said, after the Ministry of Environmental Protection detected odor.

CB&I awarded multiple petchem technology contracts in china

THE WOODLANDS, Texas -- CB&I announced it has been awarded multiple technology contracts by Tianjin Bohua Chemical Development Co. Ltd. for a grassroots petrochemicals plant to be built in Tianjin, China.

BP to develop Indonesian retail fuel business with AKR Corporindo

JAKARTA (Reuters) -- Oil major BP has signed an agreement with Indonesian petroleum and chemicals logistics company AKR Corporindo for the joint development of a "differentiated" domestic fuel retail business, BP said in a statement.

Traders cancel light cycle oil cargoes ahead of China tax

SINGAPORE/BEIJING (Reuters) -- Traders in North Asia are rushing to cancel loadings of a range of oil products for sale to China, ahead of a planned Chinese consumption tax that will make the trade uneconomic.

Gastech '17: Day three edition of the official conference newspaper

TOKYO -- Here is the day three edition of the official newspaper for the Gastech 2017 Conference & Exhibition.

China plans to impose taxes on oil by-products

SINGAPORE/BEIJING (Reuters) -- China plans to impose consumption taxes on oil by-products such as mixed aromatics, light cycle oil and bitumen blend, tightening regulations on a fuel import market worth millions of dollars.

ExxonMobil in talks to buy Singapore's Jurong Aromatics

SINGAPORE (Reuters) -- ExxonMobil said on Wednesday it is in talks to buy a refining-petrochemical complex in Singapore that could boost its fuel and chemical production in Asia.

China grants two independent plants import quotas totaling 4.08 MMt of crude

BEIJING (Reuters) -- China has granted two independent refiners crude oil import quotas for a total annual volume of 4.08 MMt, the National Development and Reform Commission (NDRC) said in two separate statements on Wednesday.

Iran "not concerned" by Indian threat to cut oil imports

LONDON (Reuters) -- Iran's oil minister dismissed India's decision to cut oil imports from Tehran in 2017/18 by a fifth as a threat on Wednesday, in an escalation of a dispute over a giant gas field contract.