Asia/Pacific

India's Haldia Petrochemicals trading arm plans to scale up in Asia

Indonesia to let private fuel retailers import gasoline via Pertamina amid shortages

Import restrictions on unsubsidized fuel limit consumer choices, contributing to shortages, and may be creating an unfair business practice.

India's Nayara Energy buys only Russian oil in August

The private refiner imported 240,400 bpd of oil in August, an overall decline of 26% from July, tanker data showed.

Ducon launches R&D program to develop solvent-based carbon capture technology

The program aims to deliver a scalable, cost-effective solution to capture carbon dioxide (CO₂) from flue gas streams across power, cement, steel, oil and gas, and other hard-to-abate industries.

Australia promises $735 MM to launch biofuel industry

The money, to be released over 10 yrs from 2028, is intended to stimulate private investment in products like biodiesel and sustainable aviation fuel (SAF).

China issues more export quotas for gasoline, jet fuel and diesel

The country manages its oil products exports via a quota system to ensure sufficient supplies for the local market.

Vitol and Glencore to make formal bids for Chevron's Singapore refinery stake

Vitol and Glencore, which have other refining assets in the Asia-Pacific, are keen to acquire more and boost trade volumes in the region.

Solvay accelerates circularity by converting HDS production in Asia to circular raw materials

India's Nayara Energy increases fuel supply to HPCL after EU sanctions

Since the imposition of sanctions, Nayara has been operating its 400,000-bpd Vadinar refinery in western India at 70%–80% capacity.

Sri Lanka sees Sinopec starting work on $3.7-B refinery soon, bidding for another refinery expansion

The Sinopec refinery, approved in 2023, will have capacity to process 200,000 bpd of crude oil and will be located near the Chinese-built and operated Hambantota port in southern Sri Lanka.