Refining
Indian refiners shift oil strategy, trim Russian buys and turn to Middle East
Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs.
VaroPreem CEO: Refining is 'critical infrastructure' for Europe
Europe built its last major refinery in 1975 and has shut dozens of facilities over the past 30 yrs as its oil production declined and its aging plants struggled to compete with modern facilities in China, India and the Middle East.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
