Asia/Pacific
Some Indian refiners to move away from Russian oil
India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022.
Indian-backed oil refinery in Mongolia should begin operations in 2028
Mongolia's first oil refinery is being built with a $1.7-B Indian line of credit and will have the capacity to process 1.5 metric MMtpy of crude oil, or 30,000 bpd.
Indonesia considers regulating crude palm oil exports to meet B50 demand
The world's biggest producer of palm oil has implemented a biofuel program blending palm oil-based fuel with diesel for more than a decade to reduce reliance on fuel imports.
Singapore marine fuel sales slip to three-month low in September
Sales of marine bunker fuel in Singapore fell to a three-month low in September, following a surge in August, although they remained above typical averages.
Sinopec diverts supertanker from U.S.-sanctioned port
A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday.
Sanctions-hit Nayara scrambles to sustain operations, with New Delhi's help
Shut out of many international markets because of crippling sanctions imposed by the European Union on July 18, the Russian-owned refinery has had to divert more fuel to the domestic market and find new export customers, among numerous workarounds, big and small, forced by the bloc's penalty.
Keppel-led consortium appointed for next phase of study for Singapore’s first low-carbon ammonia power generation and bunkering solution
The consortium will proceed to undertake a FEED study across the entire value chain, for a 55 MW–65 MW ammonia power plant, terminal infrastructure and bunkering solutions, laying the foundations for a potential final investment decision.
Latest U.S. sanctions on Iranian oil deal blow to China's Sinopec
The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports.
Indonesia's Pertamina modifies two refineries to convert cooking oil into fuel
Pertamina is modifying facilities at its Dumai and Balongan, which will join its Cilacap plant that already processes vegetable oils into fuel.
Indonesia aims for B50 biodiesel in second half of 2026
The world's largest producer of palm oil has a biofuel program which blends palm oil with diesel to reduce reliance on fuel imports.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
