South America
India's Bharat Petroleum, HPCL Mittal buy Venezuelan oil
The heavy oil, purchased through two separate deals, is planned to be co-loaded on a very large crude carrier to save on shipping cost, and will boost India's imports of Venezuelan crude to at least 6 MMbbl through April.
U.S. refiner Valero to import up to 6.5 MMbbl of Venezuelan crude in March
Valero was among the first U.S. refiners to resume imports of Venezuelan crude after the United States struck a flagship $2-B oil supply deal with the country's interim government and began to ease sanctions.
India's Reliance wins U.S. license for Venezuelan oil
A general license authorizes the purchase, exportation, and sale of Venezuelan-origin oil that has already been extracted, including the refining of such oil.
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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
