Asia/Pacific
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.
Bahrain's Bapco starts talks with contractors on Sitra expansion bids
DUBAI (Reuters) -- State-run Bahrain Petroleum Co (Bapco) has started two weeks of negotiations with international contractors to clarify bids to expand the Sitra oil refinery, estimated to cost around $5 B.
ChemChina, IPP team to supply turn-key chlor-alkali plants
PRINCETON JUNCTION, New Jersey and BEIJING -- International Process Plants (IPP) and ChemChina's Bluestar (Beijing) Chemical Machinery Company, Ltd. (BCMC) announce a partnership for IPP to provide new chlorine alkali plants designed and built by BCMC to industries around the world.
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