Refining
South Korea's LPG demand revives with switch to petrochemicals
SEOUL/SINGAPORE (Reuters) -- A shift in the use of liquefied petroleum gas (LPG) to petrochemicals and away from transport has pushed demand for the fuel to new records in South Korea, after years of slumping consumption, a change which mostly benefits US suppliers.
S.Korea's SK Energy buys Russian Urals crude for first time in 10 years
SEOUL (Reuters) -- SK Energy has bought Russian Urals crude for the first time in 10 years, a spokeswoman for the parent company of South Korea's top refiner said on Friday.
Europe's refiners cash in despite OPEC oil cuts
LONDON (Reuters) -- A global deal to cut oil production has had the unintended consequence of aiding Europe's older refineries by bolstering supplies of light crude while curbing shipments of the heavier grades favored by more advanced plants in other continents.
Saudi Aramco launches base oils business as part of downstream integration strategy
DHAHRAN -- Saudi Aramco has announced its intention to enter the base oils business. The Company made the announcement as part of its effort to optimize the value of its petroleum molecules and grow its refining and chemicals portfolio.
ExxonMobil Singapore refinery to expand Group II base stock production
LONDON -- ExxonMobil announced the expansion of its Singapore refinery to support the production of the company’s EHC Group II base stocks, which will strengthen the global supply of these products and enhance the Singapore facility’s competitiveness. Construction is expected to begin during the second quarter of 2017 with completion anticipated in 2019.
EIA: US crude and gasoline stockpiles hit record highs
(Reuters) -- US crude oil and gasoline inventories soared to record highs last week as refineries cut output and gasoline demand softened, the Energy Information Administration said on Wednesday.
DuPont, Lundberg to offer pollution control systems for refineries, petchem plants
PARSIPPANY, N.J. – Belco Technologies Corporation, a DuPont company, and Lundberg, LLC, a Dustex company, have signed an agreement to collaborate on the supply of air pollution control systems on an exclusive basis around the world. The partnership applies to air pollution control systems for refining and petrochemical plants, as well as to coke calciners associated with refining and petrochemical plants, and is valid for 10 years.
Paz Oil CEO questioned by Israeli police over bribery allegations
JERUSALEM (Reuters) -- The chief executive of Paz Oil, Israel's largest distributor of refined oil products, has been questioned by police over allegations he bribed public officials, the company said on Wednesday.
Chile regulator eyes refinery sanction over environmental failures
SANTIAGO (Reuters) -- Chile's environmental regulator, the SMA, said on Tuesday that it was considering sanctions of state-run energy producer ENAP after finding infractions relating to emissions and noise at its Aconcagua oil refinery.
Egypt nearing deal with Iraq in search for crude oil imports
CAIRO (Reuters) -- Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said.
- KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit 1/14
- Chinese, Indian refiners seek new supplies as US sanctions tighten grip on Russian oil 1/14
- Clariant to fight 1.4-B euro ethylene lawsuit from BASF 1/14
- Poland's Orlen plans to invest up to nearly $92 B by 2035 1/14
- Genesis Fertilizers, Stamicarbon partner to advance sustainable urea production 1/14
- Sinopec Shanghai Petrochemical to invest $2.9 B to upgrade Chinese operations 1/14
