Asia/Pacific
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.
SK Innovation seeks to expand business cooperation with Sinopec
SK Innovation Co. is seeking to expand into the refining and lubricant sectors in co-operation with China's Sinopec Corp.
China oil giant CNPC sells $3.8 B of engineering assets
China National Petroleum Corp. will sell $3.8 B worth of engineering related assets to a listed arm as part of a push to restructure its non-core business.
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- Shell seeks buyers for stake in Germany's Schwedt refinery 12/17
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- Digital Feature: Enabling growth through strategic cost optimization for petrochemical and refining companies 12/16
