Asia/Pacific
India flags potential for investments of $500 B in its energy sector
Russia hunts for new naphtha markets as key buyers pull back
Buyers have become more cautious after Washington imposed sanctions on top Russian oil producers, forcing sellers to hold naphtha on ships or in storage abroad from where it can be re-exported, often with the destination obscured.
Indian Oil to raise diesel exports with refining capacity boost
IOC is raising its annual refining capacity to 98 MMtpy in a year and a half from 80 MMtpy currently.
Envision's AI-powered green ammonia and H2 breakthrough named global benchmark by WEF
The report recognizes the Chifeng project as a transformative model for the global energy transition, highlighting Envision's AI-driven Power System as the catalyst for turning intermittent renewable energy into a stable, "green petroleum" equivalent.
India shifts diesel exports to West Africa as EU bans Russian crude-derived fuel
The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing India’s oil refineries to seek new markets and disrupting Turkey's lucrative trade in supplying fuel to the EU.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29
