Asia/Pacific
Iran becomes No. 2 oil supplier to S. Korea in Q1 2017
SEOUL (Reuters) -- Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No. 2 spot on a quarterly basis.
S.Korea's GS Caltex buys Russian Urals crude for first time
SEOUL (Reuters) -- GS Caltex, South Korea's second-largest refiner, has bought Russian Urals crude for the first time, a company spokesman said on Monday.
China exports record diesel volumes in March
BEIJING (Reuters) -- China exported record volumes of diesel in March and boosted sales of gasoline and kerosene as refiners continued to turn to foreign markets to offload their excess product, while liquefied natural gas imports also jumped, customs data showed on Sunday.
China demand drives Singapore oil storage sales to nearly a year-high
SINGAPORE (Reuters) -- Crude oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April.
Bechtel awarded two contracts for petchem project in Egypt
HOUSTON -- Bechtel, a company in engineering, procurement, and construction, announced that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new polypropylene units at an adjacent site. In its project management role, Bechtel will have oversight of project execution and contractor performance on what will be the largest petrochemicals complex in Egypt.
IRPC '17: Refinery/petrochemical integration creates operational efficiencies
NEW DELHI, INDIA—During Day 2 of IRPC 2017, Ashish Logani, Principal Process Engineer at Fluor, shared insights on how to overcome the challenges associated with integrating petrochemicals production and refining operations.
IRPC '17: Senior engineer sees "dynamic market" for European diesel imports
NEW DELHI, INDIA—During an IRPC 2017 morning session on market analysis, Shailendra Mohite, Senior Engineer—Stakeholder Management at Kuwait Petroleum International, discussed the emerging structural and opportunistic diesel flows of the European market.
IRPC '17: Refiners consider MARPOL impacts, electric vehicle trend
NEW DELHI, INDIA—Sanjay Shah, Group Manager for Jacobs Consultancy Ltd., presented a second keynote address on Day 2 of IRPC 2017. He spoke about evolving trends in the refining market with respect to shifts in fuel preferences, and the impacts of MARPOL legislation.
IRPC '17: Director examines electrification's role in decarbonization challenge
NEW DELHI, INDIA—The second day of IRPC 2017 opened with a keynote by A. K. Saxena, Director of the Electricity and Fuels Division at The Energy and Resources Institute (TERI).
CB&I awarded additional tech contract for ZPC's refinery in China
THE WOODLANDS, Texas -- CB&I announced it has been awarded a contract by Zhejiang Petroleum and Chemical Co. Ltd. for the license and engineering design of a single-train 220 kta diphenyl carbonate (DPC) unit, based on Versalis technology, for a refining and petrochemical complex in China.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
