Asia/Pacific

JGSOC appoints International Process Plants to evaluate sale of Batangas petrochemical complex

India's Reliance buys 5 MMbbl of Iranian oil after U.S. waiver

Iranian oil, which in recent years has mainly been bought by Chinese independent refiners, is often rebranded as originating from another country.

LG Chem shuts down 800,000-tpy Yeosu naphtha cracker

Refiners in India, elsewhere in Asia look to buy Iranian oil after U.S. waives sanctions

The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea, U.S. Treasury Secretary Scott Bessent said.

China's Sinopec will not buy Iranian oil, wants to tap state reserves

The world's largest refiner usually sources roughly half of its crude oil needs from the Middle East, making it particularly exposed to the near-closure of the Strait of Hormuz amid the U.S.-Israeli war on Iran.

South Korea to review restructuring plan for largest petrochemical complex

The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel

The Shipping Corporation of India Ltd. has signed a Shipbuilding contract at New Delhi with Mazagon Dock Shipbuilders Ltd for construction and delivery of one number methanol dual fuel platform supply vessel (PSV).

Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices

Fuel prices in Vietnam have surged since the U.S.-Israel war on Iran began three weeks ago, with gasoline prices up 50% and diesel prices rising 70%,

India’s Reliance buys about 155,000 bpd Russian oil after pause

The private refiner's overall imports in February rose marginally from last year to 1.37 MMbpd.

China's Sinochem cuts refinery runs, seeks prompt-delivery crude

Sinochem has also been trying to buy spot cargoes from bonded storage for prompt delivery to cover its "immediate" requirements for the 300,000-bpd Quanzhou plant.