Refining
Venezuela's deteriorating oil quality riles major refiners
CARACAS/HOUSTON (Reuters) — Venezuela's state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for discounts, according to internal PDVSA documents and interviews with a dozen oil executives, workers, traders and inspectors.
China refineries run at record Sept pace
BEIJING (Reuters) — China's oil refineries increased their run rates by 12.7% to a record for September, data showed on Thursday, after a major new state-run refinery launched operations and independent plants came back on stream after maintenance.
MOL signs agreement with thyssenkrup for polyol project
BUDAPEST — Following the announcement made in July about entering into contracts with Evonik and thyssenkrupp to produce propylene oxide, MOL Group has reached the next milestone in its key strategic investment.
Total, Saudi Aramco discussing JV refinery expansion
LONDON (Reuters) — Total is in talks with Saudi Aramco to expand their Saudi joint venture refinery by more than 10%, the chief executive of the French energy company said on Wednesday.
S.Korea plan to ease oil-blending rules to take effect from Thurs
SEOUL (Reuters) — South Korea said on Wednesday that its plan to ease blending restrictions at oil storage terminals would come into effect on Thursday, as the government continues its push to boost international oil trading in the country.
Bangladesh set to sign 15-yr gasoil import deal with India
DHAKA (Reuters) — Bangladesh Petroleum Corp (BPC) is set to sign a 15-yr deal with Indian oil refiner Bharat Petroleum Corp Ltd (BPCL) to import gasoil to meet the country's energy demand, two company officials with the direct knowledge of the matter said.
ExxonMobil begins production on new polyethylene line at Mont Belvieu plastics plant
HOUSTON — ExxonMobil Chemical Company announced that it has commenced production on the first of two new 650,000 tpy high-performance polyethylene lines at its plastics plant in Mont Belvieu, Texas.
Newest outpost for US crude exports: India
NEW YORK/NEW DELHI (Reuters) — India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of US grades to diversify their imports.
India's BPCL sells its first low sulfur diesel cargo for export
SINGAPORE (Reuters) — Indian oil refiner Bharat Petroleum Corp Ltd sold a low sulfur diesel cargo through an export tender for the first time as its refineries upgrade units and due to higher inventory of the fuel, three industry sources said on Monday.
China's Hengyi opens Singapore trade office for Brunei oil-petchem project
SINGAPORE (Reuters) — Privately-run Chinese company Hengyi Group has started a trading office in Singapore to buy crude and trade oil products from its $3.4 B Brunei project, company officials said on Monday.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
