Asia/Pacific
Global consortium pioneers ammonia cargo transfer between ships at Australian port
Japan's Mitsui O.S.K. Lines, Norway's Yara and Singapore's Global Centre for Maritime Decarbonisation said they had jointly completed an ammonia cargo transfer operation in Australia that will pave the way for ammonia bunkering in the region.
Indian refiners jointly negotiating for 2025 Russian oil supplies
Indian refiners are jointly negotiating to purchase Russian oil for next year, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel (bbl) cap.
Singapore's middle distillates stocks dip for third week amid robust net exports
Singapore's middle distillates inventories fell for a third straight week, tracking the strength in gasoil/diesel net exports.
IOCL selects Univation's UNIPOL tech for Paradip petrochemical complex
Indian Oil Corporation Ltd. has selected Univation's UNIPOL™ PE process technology for a 650,000-tpy polyethylene line at IOCL's Paradip Petrochemical Complex site in Paradip, India.
Hygenco enters into MoU with REC to finance green ammonia project in India
Hygenco Green Energies Pvt. Ltd., a pioneer in producing low-cost green hydrogen (H2), has entered into a memorandum of understanding (MoU) REC Ltd. (previously Rural Electrification Corp. Ltd.) for financing Hygenco's Green Ammonia Project in Gopalpur, Odisha.
Russia's diesel, gasoline output capacity to fall sharply in Sept.
Russia's ability to produce diesel and gasoline is expected to fall sharply in September as seasonal maintenance at oil refineries peaks.
Update: Rosneft's complaint over Schwedt stake sale unlikely to succeed
Russia's Rosneft is unlikely to succeed with its complaint against Shell's planned sale of a stake in Germany's PCK Schwedt refinery, a German court said on Wednesday, citing a preliminary assessment.
Asia ultra-low-sulfur gasoil refining margins sink to near 3-yr low
Asia's ultra low-sulfur gasoil refining margins collapsed to the lowest in nearly three years, as excess supply and persistently soft derivative markets depressed prices.
Chinese court rules two Sinochem refineries in Shandong bankrupt
A Chinese court has ruled that two refineries owned by state oil and chemical group Sinochem were bankrupt after creditors failed to agree on restructuring plans.
India monsoon rains dent state retailers' diesel sales
Indian state retailers' diesel sales fell in the first half of September from the previous month, as monsoon rains hit industrial activity and mobility.
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