Asia/Pacific
Indian refiners avoid Russian oil in push for U.S. trade deal
The U.S. and India moved closer to a trade pact on Friday, announcing a framework for a deal they hope to conclude by March that would lower tariffs and deepen economic cooperation.
Evonik expands global production of hydroxyl‑terminated polybutadienes
Evonik is reinforcing its growth strategy by further strengthening its global production infrastructure for hydroxyl-terminated polybutadienes (HTPB).
China's Nanshan Group plans 100,000-bpd refinery in Indonesia
Chinese firms have been looking to set up refineries in Southeast Asia, where fuel demand is growing steadily while China's domestic oil consumption peaks due to rapid electrification of the automotive fleet.
India's Russian oil imports down in January amid trade talks with U.S.
On Monday, U.S. President Donald Trump announced a trade deal with India to cut tariffs to 18% from 50% in exchange for New Delhi halting Russian oil purchases and lowering trade barriers.
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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
