Asia/Pacific
ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan
Neste and ITOCHU have agreed to extend their collaboration with a licensing agreement allowing ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan.
Asia's sustainable aviation fuel projects and agreements
Malaysian Aviation Group has signed a sustainable aviation fuel offtake agreement with Petronas Dagangan, as part of efforts to develop the green fuel on a commercial scale in Malaysia.
Nigeria's NNPC sets agreements with Total, CNOOC on deepwater oil block
Nigeria's state-owned oil company NNPC Ltd said it had renewed a production sharing contract with Total, China National Offshore Oil Corp and others, a major step to resolving disputes on a deepwater oil block in the Niger Delta.
Air Products signs $1-B deal for processing facility in Uzbekistan
Industrial gases maker Air Products and Chemicals said it had signed a $1-B deal with the Republic of Uzbekistan government and Uzbekneftegaz JSC to acquire, own and operate a natural gas processing facility in the country.
Asia gets most of Russian dark fuels after EU embargo
Asian countries remain the lead destinations for Russian vacuum gasoil and fuel oil exports after the European Union's embargo.
McDermott awarded PMC contract from IOCL
McDermott has been awarded a project management consultancy contract from India Oil Corporation Limited for the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, located 62 miles from New Delhi, India.
China’s petroleum trade subdued at start of 2023
China’s petroleum trade has disappointed bulls hoping for a rebound at the start of the year to tighten global crude inventories, which helps to explain why benchmark oil prices have fallen progressively since late January.
SAR Technology Inc. contracts MECS for spent e-grade acid regeneration plant
SAR Technology Inc., located in Tainan, Taiwan, has contracted with MECS, Inc., a subsidiary of Elessent Clean Technologies, for the supply of MECS proprietary technology and equipment in support of a new spent acid regeneration plant.
Bangladesh struggling to pay for fuel due to dollar shortage, letters show
Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from the state petroleum firm show, with it warning of an "alarming decrease" in fuel reserves.
Indian Oil Corp: Middle East deals squeezed out by Russian crude
The chairman of Indian Oil Corporation, the country's top refiner by capacity, said he remained committed to term contracts with the Middle East but spot purchases from the region have fallen as more Russian crude has been imported.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
