Asia/Pacific
UAE re-imposes port ban on Qatari-linked oil tankers
SINGAPORE (Reuters) — Abu Dhabi Petroleum Ports Authority has re-imposed a ban on oil tankers linked to Qatar calling at ports in the United Arab Emirates, reversing an earlier decision to ease restrictions, and potentially creating a logjam of crude cargoes.
Gunvor Singapore executive charged by Chinese prosecutors in oil probe
BEIJING/LONDON (Reuters) — Chinese prosecutors have charged an employee of Swiss commodity trader Gunvor Group who has been held for a year for allegedly smuggling fuel and evading taxes on sales from the Philippines, according to a legal document viewed by Reuters.
Indonesia's Pertamina to delay some refinery projects over financing
JAKARTA (Reuters) — Pertamina plans to delay some refinery upgrades and a new project, including ventures involving Rosneft and Saudi Aramco, due to financing issues, the Indonesian state oil company said on Tuesday.
Tankers load Qatari crude along with UAE oil as shipping ban eases
SINGAPORE (Reuters) — Exports of Qatari crude oil have not been hindered by a port ban imposed by other Gulf states as tankers are loading Qatari grades along with cargoes from the United Arab Emirate, shipping data in Thomson Reuters Eikon showed on Wednesday.
Wison Engineering awarded 40 MMtpy ethylene cracking contract from zhejiang
SHANGHAI — Wison Engineering announced that its non-wholly owned subsidiary, Wison Engineering (China) Limited, was awarded a contract by Zhejiang Petrochemical Co., Ltd to deliver nine ethylene cracking furnaces for a 40 MMtpy refining and chemical integrated complex (Phase I). The 9 ethylene cracking furnaces will be in modularized fabrication and scheduled to be delivered in modular by early 2018.
LPG subsidy burden climbs as Indonesia considers price hike
JAKARTA (Reuters) — The cost of Indonesia's subsidy on LPG is increasing, leading to the country paying at least half of the cost of the fuel, said an official from state-owned energy company Pertamina on Tuesday.
Blast at China petrochemical plant kills eight, injures nine
SHANGHAI (Reuters) — An explosion rocked a petrochemical plant in China's eastern province of Shandong on Monday, killing eight people and injuring nine, state media and local government officials said.
China "teapot" oil group urges compliance on quotas, tax
BEIJING (Reuters) — An alliance of more than 20 of China's independent oil refineries has urged its members to strictly adhere to government rules on oil quotas and taxes, according to a group statement seen by Reuters on Tuesday.
Platts restricts Qatari-loading crude in pricing process
SINGAPORE/LONDON (Reuters) — Oil pricing agency S&P Global Platts said it will not automatically include Qatari-loading crude in its Middle East benchmark after Saudi Arabia and some other Arab states cut ties with Doha, a move that disrupted traditional shipping routes.
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