Maintenance & Reliability
Venezuela's refineries down to 31% of crude processing capacity
The South American country has increased oil output and exports since it agreed to a flagship supply pact with the U.S. government in January, but limited power service, outages and need for major repairs and maintenance are creating obstacles to recovering refining operations.
Indian refiners postpone maintenance shutdowns to meet local fuel demand
Indian Oil Corp. and Bharat Petroleum Corp. were among the companies that had planned to shut units at some of their refineries for routine maintenance.
Taiwan's Formosa Petchem issues force majeure as Iran war disrupts feedstock delivery
For refined fuel products such as diesel, jet fuel and gasoline, the company is still proceeding with its export deliveries for March and April, although there is likely to be no spot availability for April.
Chinese refiners begin run cuts as Iran war tightens oil supply
The U.S.-Israeli war with Iran has cut off nearly all shipping in the Strait of Hormuz, a conduit for 20% of global oil supplies.
India most vulnerable to prolonged disruptions to Mideast oil, analysts say
Both China and India, Asia's top energy consumers, source around half of their crude imports from the Middle East, but India has far less oil in storage than its neighbor and is more dependent on that region's crude now than in the last three-plus years.
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
- Pertamina and CRecTech sign MoU to explore pilot biogas-to-biomethanol facility in SEZ, Indonesia 4/10
- Shell Chemicals and Syensqo partner to deliver low-carbon ethylene oxide solutions 4/10
- HAMR Energy’s nationally significant fuel projects selected for Australian Government’s Investor Front Door Pilot 4/10
- HD Hyundai Heavy Industries builds world's first ammonia-powered vessel 4/10

