Asia/Pacific
PetroChina posts record interim profit, but fuel sales decline
China's largest oil and gas company PetroChina's first-half net income hit a new high, up 3.9% compared with a year ago, as higher oil and gas prices outweighed the impact of reduced refining profits.
Sinopec's H1 profit up on record output despite lower product demand
China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.
KazMunayGas, CNPC carbamide project at Zhanazhol gas processing plant to cost $1.5 B
The carbamide project that will be carried at the Zhanazhol gas processing plant in Kazakhstan will cost $1.5 B with capacity for 1.2 metric MMtpy.
China's biofuel firm Jiaao brings in bp as investor for SAF unit
Chinese biofuel firm Zhejiang Jiaao Enprotech said on Friday its sustainable aviation fuel (SAF) unit has entered an investment deal with bp, the first alliance involving a global oil major in China's nascent green aviation fuel.
SIBUR might start producing metallocene polyethylene using domestic technology
Russian petrochemical group SIBUR might start using domestic technology developed by the Russian Academy of Sciences (RAS) in the production of metallocene polyethylene in Nizhnekamsk.
Update: Indonesia to implement B40 palm oil biodiesel on Jan. 1, 2025
Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, lifting prices of the vegetable oil to a more than two-week high.
China’s Rongsheng Petchem buys its first Canadian Kearl Lake crude from Exxon
Chinese refiner Rongsheng Petrochemical has bought 1.65 MMbbl of Canadian crude oil to be exported from the Trans-Mountain pipeline for delivery in November, including its first cargo of Kearl Lake crude.
Russia uses vessels sanctioned by EU for fuel, diesel exports
Russia has started to use vessels sanctioned by the Europe Union (EU) for oil products exports.
Mitsubishi Chemical to conduct studies on chemical recycling of tires using coke ovens
The Mitsubishi Chemical Group has launched studies to perform chemical recycling of end-of-life (ELT) tires by utilizing the coke ovens at its Kagawa plant (Sakaide City, Kagawa Prefecture). The MCG Group aims to begin marketing sustainable carbon black made from ELTs by March 2026.
Sembcorp, Sojitz, Kyushu Electric sign terms with NYK to transport green ammonia from India to Japan
Sembcorp Green Hydrogen Pte. Ltd., a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), together with Kyushu Electric Power Co. Inc. and Sojitz Corporation, have announced Nippon Yusen Kabushiki Kaisha (NYK) as a shipping partner for the export of green ammonia to Japan.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
