Asia/Pacific

SECCO selects Honeywell plant technologies for operator training

CHENGDU, China — Honeywell Process Solutions (HPS) announced that Shanghai SECCO Petrochemical Company Limited (SECCO) will upgrade its operator training simulator (OTS) system to the Honeywell Connected Plant UniSim Competency Suite.

China refineries run at record Sept pace

BEIJING (Reuters) — China's oil refineries increased their run rates by 12.7% to a record for September, data showed on Thursday, after a major new state-run refinery launched operations and independent plants came back on stream after maintenance.

Fluor selected for petchem project expansion in the Philippines

IRVING, Texas — Fluor Corporation announced that it was awarded an engineering, procurement and construction management (EPCM) contract for the utilities, offsites and infrastructure scope of work for JG Summit’s petrochemical complex expansion in Batangas City, Philippines. Fluor booked the undisclosed contract value in Q3 2017.

MOL signs agreement with thyssenkrup for polyol project

BUDAPEST — Following the announcement made in July about entering into contracts with Evonik and thyssenkrupp to produce propylene oxide, MOL Group has reached the next milestone in its key strategic investment.

S.Korea plan to ease oil-blending rules to take effect from Thurs

SEOUL (Reuters) — South Korea said on Wednesday that its plan to ease blending restrictions at oil storage terminals would come into effect on Thursday, as the government continues its push to boost international oil trading in the country.

Bangladesh set to sign 15-yr gasoil import deal with India

DHAKA (Reuters) — Bangladesh Petroleum Corp (BPC) is set to sign a 15-yr deal with Indian oil refiner Bharat Petroleum Corp Ltd (BPCL) to import gasoil to meet the country's energy demand, two company officials with the direct knowledge of the matter said.

SK Innovation to expand petchem output in China

SEOUL (Reuters) — South Korea’s SK Innovation said on Tuesday it will invest $657 MM to boost production capacity at its petrochemical plants in China, jointly owned by China’s Sinopec Corp.

Newest outpost for US crude exports: India

NEW YORK/NEW DELHI (Reuters) — India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of US grades to diversify their imports.

S.Korea's Sept Iranian crude oil imports rise to 6-month high

SEOUL (Reuters) — South Korea’s imports of Iranian crude oil hit the highest level in 6 mos. in September amid Iran’s push to regain its lost market share during years it was under sanctions over its nuclear program.

SK Energy to import 6.5 MMbbl of US crude for Nov–Jan arrival

SEOUL (Reuters) — South Korea’s SK Energy has bought 6.5 MMbbl of US crude to be delivered between November and January, a company spokeswoman said on Monday, as the country’s top oil refiner steps up imports of the competitively priced oil.