Asia/Pacific
India's IOC buys its first Hibernia crude from Canada's Suncor
CALGARY, Alberta/NEW DELHI (Reuters) -- Indian Oil Corp became India's first refiner to buy light sweet Hibernia crude from Canada's largest oil company, doing the deal after the opening of the arbitrage for Canadian oil to flow to Asia.
China, Saudi Arabia eye $65 B in deals as king visits
BEIJING (Reuters) -- Saudi Arabia's King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing on Thursday, as the world's largest oil exporter looks to cement ties with the world's second-largest economy.
Sinopec starts operation of crude oil pipeline in south China
BEIJING (Reuters) -- China Petroleum and Chemical Corp has started operating a major crude oil pipeline that connects eastern Jiangsu province with refineries in south China, the company said in a statement.
China National Chemical Engineering to build hydrocracking plant for Gazprom
(Reuters) -- China National Chemical Engineering Co Ltd said on Wednesday that its unit signed a contract worth about $1.17 billion to build a hydrocracking plant for Gazprom in Russia.
S.Korea's February crude imports from Iran jump 54% on year
SEOUL (Reuters) -- South Korea's crude imports from Iran jumped nearly 54% in February from a year ago as Tehran continues to ramp up output after sanctions over its disputed nuclear program were removed early in 2016.
Indonesia picks plantations firm head as Pertamina CEO
JAKARTA (Reuters) -- Indonesia has chosen Elia Massa Manik, head of the state holding company for the plantations industry, as the new chief executive of state energy firm Pertamina sources said on Wednesday.
BASF to invest in new plastic additives plant in Shanghai, China
HONG KONG – BASF is investing more than €200 million globally to increase its production network for plastic additives. An important step is an investment to build a new plastic additives plant at its Caojing site in Shanghai, China. This world-scale plant, with an annual capacity of 42,000 t, will produce antioxidants and associated forms and blends. It is expected to be completed in 2019, with commercial production to start by early 2020.
China's refinery runs at second-highest on record, gas output flat
BEIJING (Reuters) -- China's refinery throughput during the first two months of 2017 rose 4.3% from same time a year ago to the second-highest level on record on a daily basis, while crude output fell 8% from a year earlier, official data showed on Tuesday.
Iran leapfrogs Iraq as India's No. 2 oil supplier in February
NEW DELHI (Reuters) -- India's oil imports from Iran rose nearly 17% in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, shipping data showed on Monday.
Korea's Hyundai Engineering $3.2-B Iran petchem deal awaiting funding
DUBAI (Reuters) -- An Iranian investment fund signed a deal with Korea's Hyundai Engineering Co. on Sunday for a $3.2 billion petrochemical project, which is awaiting financing by Korean banks, the oil ministry's website SHANA said.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Indian refiners' October crude processing up over 3% y/y 11/25
- Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France 11/25
- Hexagon collaborates with Microsoft to enhance industrial operations 11/25
- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
