Asia/Pacific
Indonesia picks plantations firm head as Pertamina CEO
JAKARTA (Reuters) -- Indonesia has chosen Elia Massa Manik, head of the state holding company for the plantations industry, as the new chief executive of state energy firm Pertamina sources said on Wednesday.
BASF to invest in new plastic additives plant in Shanghai, China
HONG KONG – BASF is investing more than €200 million globally to increase its production network for plastic additives. An important step is an investment to build a new plastic additives plant at its Caojing site in Shanghai, China. This world-scale plant, with an annual capacity of 42,000 t, will produce antioxidants and associated forms and blends. It is expected to be completed in 2019, with commercial production to start by early 2020.
China's refinery runs at second-highest on record, gas output flat
BEIJING (Reuters) -- China's refinery throughput during the first two months of 2017 rose 4.3% from same time a year ago to the second-highest level on record on a daily basis, while crude output fell 8% from a year earlier, official data showed on Tuesday.
Iran leapfrogs Iraq as India's No. 2 oil supplier in February
NEW DELHI (Reuters) -- India's oil imports from Iran rose nearly 17% in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, shipping data showed on Monday.
Korea's Hyundai Engineering $3.2-B Iran petchem deal awaiting funding
DUBAI (Reuters) -- An Iranian investment fund signed a deal with Korea's Hyundai Engineering Co. on Sunday for a $3.2 billion petrochemical project, which is awaiting financing by Korean banks, the oil ministry's website SHANA said.
China's CEFC courts ‘teapots’ for first domestic refinery acquisition
BEIJING (Reuters) -- Privately-run conglomerate CEFC China Energy has approached several independent Chinese oil processors seeking to acquire its first domestic refinery operation, its next move towards becoming a global integrated oil player.
Ex-BP exec charged in Singapore for receiving $3.95 MM in bribes
SINGAPORE (Reuters) -- A former executive at oil company BP in Singapore was charged on Thursday with obtaining $3.95 million in bribes in what the city-state's anti-corruption agency called one of the largest corruption cases in the country.
China's February crude oil imports hit second highest on record
BEIJING (Reuters) -- China's crude oil imports rose to the second-highest level on record in February, as strong demand from independent "teapot" refiners continues to drive growth.
Saudi Aramco to supply full crude contract volumes to Asia
TOKYO (Reuters) -- Saudi Aramco will supply full contract volumes of crude oil to multiple Asian buyers in April, three industry sources with knowledge of the matter said.
Sinopec to boost fine chemicals investment at Maoming refining hub
BEIJING (Reuters) -- Sinopec Corp plans to boost investment in fine chemicals at its Maoming-Zhanjiang refining base in southern China alongside partners like Germany's BASF, a senior executive said in an interview on Thursday.
- 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
