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Asia/Pacific

Chinese gasoil exports may hit Asia refiner margins for rest of year

Asian gasoil distillates refining margins are likely to remain bearish for the next few months on larger than usual exports from China.

Linde, Petronas JV to build air gas facility at Pengerang petroleum complex

Linde Malaysia and Petronas Gas Berhad will build an industrial air gas facility that supply the needs of Petronas’ refinery and petrochemicals integrated complex in southern Malaysia.

India's Iran oil imports surge to highest in at least 15 years

India's daily oil imports from Iran in August surged to their highest in at least 15 years as the OPEC producer boosted its shipments to recoup market share ceded to rivals Saudi Arabia and Iraq under pressure from economic sanctions.

Sinochem to add ethylene complex to Quanzhou oil refinery

Sinochem will add an ethylene complex to its 12 MMtpy Quanzhou oil refinery.

Three firms vie for BP’s share in SECCO JV petrochemical plant

At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals JV SECCO which could fetch more than $2 B.

GE Oil & Gas to supply compressor for BP’s Tangguh LNG

GE Oil & Gas has been awarded a contract to supply gas turbine-driven compressors for a third natural gas liquefaction train for the Tangguh expansion.

Indian Oil inks MOU with Praj for development of 2G ethanol

Indian Oil Corp. has selected Praj as its technology partner for setting up multiple 2nd-generation bio-ethanol plants based on indigenously developed technology.

Teapot refineries slow China’s crude oil stockpiling

China's strategic crude oil stockpiling slowed in the first half of 2016 because of delays in facility construction, resulting in more imports flowing to the country's independent refineries.

China fuel exports cast Q4 pall over global oil products

China's state oil refiners are readying to export more diesel and gasoline in coming months in an already saturated global market.

Tokyo Gas Co. receives first shipment of LNG from Chevron’s Gorgon

Tokyo Gas Co. received its first shipment of LNG produced by the Gorgon LNG project operated in Western Australia by Chevron at the Tokyo Gas Ohgishima LNG Terminal.