Asia/Pacific
Japan's Idemitsu shuts desulphurisation unit after fire
TOKYO (Reuters) -- Japanese oil refiner Idemitsu Kosan Co said it conducted an emergency shutdown of a desulphurisation unit at its 200,000-bpd Chiba refinery after a fire near a heat exchanger.
Saudi Aramco shelves $27-B refining, petrochemical project JV with Petronas
KUWAIT (Reuters) -- Saudi Aramco has shelved plans for a partnership with Malaysian state-oil firm Petroliam Nasional Berhad in a $27 billion refining and petrochemical project in the southeast Asian country, industry sources familiar with the matter told Reuters on Wednesday.
Russia beats Saudi Arabia as China's top crude oil supplier in 2016
BEIJING (Reuters) -- Russia overtook Saudi Arabia in 2016 to became China's biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese "teapot" refineries.
Japan's TonenGeneral refinery hit by fire, no injuries
TOKYO (Reuters) -- A fire broke out at TonenGeneral Sekiyu's Wakayama refinery in western Japan on Sunday afternoon, but no one was injured and its 132,000-bpd crude distillation unit (CDU) remained operational, a company spokesman said.
Naphtha surges as cold Asia weather pulls LPG to heating
SINGAPORE (Reuters) -- Asia's naphtha demand has surged since late 2016 as petrochemical makers are turning to the product after supplies of cheaper alternative LPG were consumed by heating demand amid cold regional weather.
CB&I awarded alkylation, hydrocracking contracts for China refinery
THE WOODLANDS, Texas -- CB&I announced it has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along with catalyst supply.
China-US trade tensions high on Big Oil's worry list
DAVOS, Switzerland (Reuters) -- Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil.
China jails former senior oil executive for 15 years for graft
BEIJING (Reuters) -- A Chinese court on Thursday jailed the former vice chairman of oil giant PetroChina for 15 years after finding him guilty of corruption, the latest official to be brought down in a sweeping crackdown on graft.
Lotte Chem looking into acquiring Singapore's Jurong Aromatics
SEOUL (Reuters) -- Lotte Chemical Corp is looking into acquiring troubled Singapore petrochemical company Jurong Aromatics Corp, as the South Korean company continues to push for growth.
Iran, China to sign $3 billion contract to upgrade Iranian refining capacity
BEIRUT (Reuters) -- Iran and China will sign a $3 billion contract next month to upgrade Iran's oil refining capacity, according to Iran's Mehr News agency.
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