Asia/Pacific
Australia commits $7 B to boost fuel stockpiles, create government reserve
The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks.
Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG
The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.
India's Reliance cuts exports of alkylates, boosts LPG output
Reliance typically exports alkylates to the United States.
LANXESS inaugurates new lubricant additives manufacturing plant in India
Designed to serve both domestic and international markets, the facility will primarily cater to customers across India, the Middle East, and other key global markets.
South Korea, Australia agree to strengthen energy supply chain resilience
South Korea is a key energy partner of Australia as the largest supplier of diesel and third-largest source of jet fuel, Wong said. Australia is South Korea's largest source of liquefied natural gas (LNG).
China's Wanhua Chemical suspends benzene deal with U.S. sanctions-hit Hengli
East China-based Wanhua Chemical is the country's largest buyer of benzene, which is used to make methylene diphenyl diisocyanate, or MDI, an intermediate for manufacturing foams, coatings and elastomers.
- TA'ZIZ and Alpha Dhabi Holding agree to $10-B, 2.2-MMtpy of chemicals investments in the UAE 5/6
- Borouge to deliver first batch of cross-linkable polyethylene from new 100,000-tpy plant this quarter 5/6
- LyondellBasell completes sale of select European strategic assessment assets 5/6
- Australia commits $7 B to boost fuel stockpiles, create government reserve 5/6
- Israel to transfer jet fuel to Germany following Hormuz crisis 5/6
- Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG 5/6
