Asia/Pacific
Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities
Despite depending on supplies through the Strait of Hormuz for up to 90% of its oil and liquefied natural gas imports, Pakistan has no strategic petroleum reserves.
Indian refiners' April crude processing drops 8.9% from a month earlier
India is the world's third-biggest oil importer and consumer.
Aramco and PETRONAS Announce Transfer of Full Ownership of PRefChem to PETRONAS
Asia/Pacific
/ Crude oil
/ Distillation
/ Economics
/ Ethylene
/ Management
/ Petrochemicals
/ Polymers
Sri Lanka in talks to buy fuel from China and Russia
Sri Lanka, which imports all of its fuel, has been hit hard by energy market fallout from the Iran war, pushing authorities to hike fuel prices by 40%, ration fuel sales, and declare Wednesdays as public holidays.
Northeast Asia ships first jet fuel to Europe since Iran war
Shiptracking data showed Asia has not shipped jet fuel on this route since the latest phase of the Middle Eastern crisis began on February 28 with U.S.-Israeli airstrikes on Iran.
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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
