Asia/Pacific
Asia gets most of Russian dark fuels after EU embargo
Asian countries remain the lead destinations for Russian vacuum gasoil and fuel oil exports after the European Union's embargo.
McDermott awarded PMC contract from IOCL
McDermott has been awarded a project management consultancy contract from India Oil Corporation Limited for the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, located 62 miles from New Delhi, India.
China’s petroleum trade subdued at start of 2023
China’s petroleum trade has disappointed bulls hoping for a rebound at the start of the year to tighten global crude inventories, which helps to explain why benchmark oil prices have fallen progressively since late January.
SAR Technology Inc. contracts MECS for spent e-grade acid regeneration plant
SAR Technology Inc., located in Tainan, Taiwan, has contracted with MECS, Inc., a subsidiary of Elessent Clean Technologies, for the supply of MECS proprietary technology and equipment in support of a new spent acid regeneration plant.
Bangladesh struggling to pay for fuel due to dollar shortage, letters show
Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from the state petroleum firm show, with it warning of an "alarming decrease" in fuel reserves.
Indian Oil Corp: Middle East deals squeezed out by Russian crude
The chairman of Indian Oil Corporation, the country's top refiner by capacity, said he remained committed to term contracts with the Middle East but spot purchases from the region have fallen as more Russian crude has been imported.
Asia to drive oil demand growth in second half, says Vitol
Asia will lead oil demand growth of around 2 million bpd in the second half of the year, a senior executive at Vitol said, an increase that could potentially lead to a shortage of supply and drive up prices.
Indian Oil eyes processing bio-naphtha for petrochemicals
Indian Oil Corp., the country's top refiner, said it is looking to decarbonize its petrochemical feedstocks by introducing bio-naphtha at its crackers.
India eyes nationwide use of 1% sustainable aviation fuel by 2025
India plans to mandate the use of 1% of sustainable aviation fuel for domestic airlines by 2025 in a bid to cut emissions from the sector.India plans to mandate the use of 1% of sustainable aviation fuel for domestic airlines by 2025 in a bid to cut emissions from the sector.
China's oil refiners made rare draw on crude stockpiles in April
Chinese refiners dipped into crude oil inventories in April for the first time in 18 months, as high processing rates exceeded the volume of crude available from both imports and domestic output.
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