Petrochemicals

Lukoil-controlled Italy refinery will keep going despite oil embargo

An Italian oil refinery controlled by Russia's Lukoil still sees scope to remain operational despite a European Union embargo on Russian oil starting on Dec. 5, the company said, after Rome paved the way to place it in the hands of trustees.

India's Essar Group plans $4.9 B petrochemical complex in Odisha

India's Essar Group plans to set up a $4.92 B petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement.

Kuwait refinery Al Zour issues its first LSFO tender

Kuwait has issued its first tender offering low-sulfur fuel oil (LSFO) from its recently commissioned Al Zour refinery, several industry sources said on Friday.

Saudi Aramco to invest in $7 B petchem project in South Korea

Saudi Aramco said it plans to invest in a $7 B project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp's refining complex in the port city of Ulsan.

U.S., Japan and partners mobilize $20 B to move Indonesia away from coal

A coalition of countries will mobilize $20 B of public and private finance to help Indonesia shut coal power plants and bring forward the sector's peak emissions date by seven years to 2030.

ExxonMobil and Pertamina advance regional CCS project in Indonesia

ExxonMobil Low Carbon Solutions is working to bring lower-emission technologies to market, making them accessible to hard-to-decarbonize industries, including its recent agreement with a leading global manufacturer of nitrogen and hydrogen products in Louisiana, United States.

Indian petrochemical demand could rise threefold by 2040

India's annual petrochemical consumption could nearly triple to 80 MMt by 2040 forcing the country to either raise imports or invest into building new facilities, said an executive at the nation's top refiner Indian Oil Corp.

Citgo Petroleum reports $477 MM third quarter profit

Results for the Venezuelan-owned company and other U.S. refiners have touch records this year as prices for motor fuels climbed sharply on the U.S. economic recovery and on global shortages caused by Russia's invasion of Ukraine.

Online Feature: Crude C4 alternatives for a successful grassroots petrochemicals project

The C4 value chain configuration chosen for a new petrochemical complex greatly depends on key project business case drivers, such as steam cracker feed slate, commercial and market conditions, and product value-uplift potential.

Chinese refiners boost diesel output to profit from robust export margins

China's refined oil product exports in November are set to hit the highest since April 2020 as refiners ramp up output to multi-month highs to boost diesel supply and profit, offsetting the impact of slower domestic demand from COVID-19 restrictions.