Asia/Pacific
India's HMEL issues prompt tender for naphtha supplies as Russian flows hit
HMEL is seeking naphtha with a minimum 60% paraffin content and a maximum sulfur content of 500 ppm for delivery at the Mundra port in Western India.
China's October crude oil imports rise 8.2% year-on-year, refinery utilization rates highest of year
China's seaborne crude imports rose to 10.4 MMbpd in October, up 6% from September and 9% year-on-year, as refiners ramped up throughput on improving margins.
PetroChina to phase out 19 old refining, chemical units to curb sector glut
The world's second-largest oil consumer is facing a faster-than-expected peak in fuel demand due to rapid electrification of its transportation fleet and a petrochemical sector that is plagued by excess capacity and poor margins.
BLYB successfully uses refinery ethane as a stable feedstock in the complex's ethylene cracking unit
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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
