Asia/Pacific

Japan's Mitsubishi buys Iran naphtha cargo

TOKYO/SINGAPORE (Reuters) -- Japan's Mitsubishi Corp bought a naphtha cargo from Iran last month, the Asian country's first such purchase from Iran since October 2016, sources familiar with the matter said.

Singapore carbon tax would hit refiners, help renewables

SINGAPORE (Reuters) -- Singapore's proposed plan to tax greenhouse gas emissions would probably hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century.

Wison Engineering, HALDOR TOPSOE sign research, development agreement

SHANGHAI – Wison Engineering Service Co. Ltd, one of the leading chemical engineering, procurement and construction management service providers in China, announced that its non-wholly owned affiliated company, Wison Engineering Ltd., has signed a collaboration agreement on research and development with HALDOR TOPSOE, a world leader in catalysts and surface science.

NRL wax exported to Indonesia, Dominican Republic

Numaligarh Refinery Limited wax is on its way to Indonesia and Dominican Republic after an export consignment comprising of 40 metric tons of fully refined paraffin wax was flagged off to the two countries from NRL's marketing terminal by GM NRL Mr. N. Borthakur. With this, the total export of paraffin wax from NRL's wax plant stands at 2,172 metric tons.

After OPEC cuts heavy oil, China teapot refiners pull US supply to Asia

SINGAPORE/HOUSTON (Reuters) -- Chinese independent, or teapot, refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by OPEC's output cuts and ample supplies in Canada and the United States.

Japan's JX says cuts crude refining target due to "problem"

TOKYO (Reuters) -- Japan's JX Nippon Oil & Energy Corp has cut the amount of crude oil it expects to refine in February by about 4% from an earlier target due to unspecified problems with secondary units at multiple refineries.

Rosneft-led consortium plans to complete Essar acquisition next month

MOSCOW (Reuters) -- A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.

Flowserve awarded $80-MM supply contract for Hengli refining complex

DALLAS -- Flowserve Corporation announced an order close to $80 million to provide pumps and ebulators for the Hengli Integrated Refining Complex Project, a 400,000-bpd final conversion refinery on Changxing Island in Dalian, Liaoning Province in China.

Full start of India Reliance petchem plant will halt heavy naphtha exports

SINGAPORE/NEW DELHI (Reuters) -- India's Reliance Industries, owner of the world's biggest refining complex, will halt heavy naphtha exports in 2017/18 after the full-scale start-up of its 2.2 MMtpy paraxylene plant by end-March, four people with knowledge of the matter said.

South Korea's LPG demand revives with switch to petrochemicals

SEOUL/SINGAPORE (Reuters) -- A shift in the use of liquefied petroleum gas (LPG) to petrochemicals and away from transport has pushed demand for the fuel to new records in South Korea, after years of slumping consumption, a change which mostly benefits US suppliers.