Naphtha
Iraq to export crude, naphtha through Syria after Hormuz shock
The move would broaden an arrangement that has seen Iraq export fuel oil through the Mediterranean port of Baniyas after the effective closure of the Strait of Hormuz, which sharply curtailed Gulf export routes for OPEC's second-largest producer.
To make up for shortfall, India's HPL turns to Oman naphtha
Medium-range tanker Rarity loaded about 23,000 metric tons (201,000 bbl) of naphtha for HPL late-March and discharged at the Haldia terminal on April 13.
Japan's ethylene plant run rate hits record low of 68.6% in March
Japan has 12 ethylene plants that crack naphtha, a crude oil byproduct, into basic chemicals such as ethylene and propylene, which are used to make intermediates like resins for a wide range of end products.
Venezuela's refineries down to 31% of crude processing capacity
The South American country has increased oil output and exports since it agreed to a flagship supply pact with the U.S. government in January, but limited power service, outages and need for major repairs and maintenance are creating obstacles to recovering refining operations.
Japan to boost intermediate chemical imports amid tighter naphtha supply
About 40% of domestic naphtha consumption is met by domestic production, with another 40% sourced from the Middle East and 20% from other regions, but the war in the Middle East has made imports from that region difficult.
U.S. naphtha exports surge to record high on Japanese, Venezuelan buying
- JERA signs time charter agreements with NYK and MOL for fuel ammonia carriers 6/23
- Coperion receives LNO from U.S. FDA for HDPE/PP recycling technology 6/23
- Sky Quarry announces Foreland refinery's entrance into the production phase 6/23
- AGPC awards Baker Hughes long-term service contract for Nigerian gas plant 6/23
- Velan announces closing of sale of controlling shareholder’s interest to Birch Hill for nearly C$204 MM 6/23
- S&B receives AFPM Contractor Safety Achievement Award 6/23
