Gerden, E.
Eugene Gerden is an international contributing writer specializing in the global oil refining and gas industry.
Regional Focus: Russia looks to double petrochemicals and LPG exports by 2025
Russia hopes to become one of the world’s largest producers and exporters of petrochemicals and LPG by 2025 by doubling its domestic output and exports.
South America: State reform to boost investment attractiveness of Brazilian refining
Brazil’s refining industry is on the verge of large-scale change. Its recent steps toward de-monopolization and liberalization, as well as the divestment of refining assets by state-owned oil major Petrobras, are propelling Brazilian refining in a more attractive direction for investment.
Middle East: Saudi Arabia eyes major growth in petrochemicals market
Saudi Arabia aims to become a major player in the global petrochemicals market within the next several years, with plans to increase domestic and foreign production and expand its exports.
Asia: China eyes significant growth in petrochemicals
China aims to grow its domestic petrochemical production during the next 5 yr–7 yr, driven by the ongoing modernization of major production facilities and an increase in foreign investments.
Asia: Japanese refining moves towards consolidation and increased efficiency
According to recent statements of leading Japanese analysts in the field of refining and the country’s largest producers, the Japanese refining industry is moving towards consolidation and an increase in efficiency.
Europe: Russian petrochemicals industry on the verge of large-scale growth
The Russian government has announced its plan to increase the volume of support for its domestic petrochemicals industry over the next several years, with the aim of doubling its production and boosting exports, according to Russian Minister of Energy Alexander Novak and the press service of the Russian Presidential Administration.
Europe: Russia to fight for global oil products market despite sanctions pressure
Russia plans to significantly increase its oil products to foreign markets, despite the ongoing pressure of Western sanctions and the complex situation in the country’s domestic refining industry, according to recent statements by representatives of Russia’s leading oil corporations and senior officials of the country’s Ministry of Energy.
Refining: Chinese refining industry eyes production cuts, consolidation
The Chinese refining industry is on the verge of massive production cuts and consolidation. A new tax rule aimed at curbing alleged tax evasion by independents and the end of an era of liberalization in the industry are driving the downsizing.
Refining: German refining industry on the verge of consolidation and production cuts
Germany produces very little domestic oil and natural gas, and relies on imports to meet 95% of its oil consumption.
Refining: Russia plans ramp-up in refinery expansion, construction
Russian fuel producers aim to ensure regular supplies of oil products to both the domestic market and foreign importers in the coming years by building new refineries and modernizing existing plants across the country.
- TotalEnergies to shut Antwerp steam cracker at the end of 2027 4/22
- India's Reliance imported 17.3% more Russian oil in March vs. Feb. 4/22
- India, Saudi Arabia exploring joint refinery, petrochemical projects 4/22
- BASF completes divestment of shares in its two joint ventures in Korla, China 4/22
- Egypt begins basic design phase for Red Sea Petrochemical Complex project in Ain Sokhna 4/21
- China-U.S. trade war redrawing global LPG trading, outlook 4/21
