Asia/Pacific

Ship carrying Russian naphtha to India in limbo after U.S. sanctions

Following new Ukraine-related U.S. sanctions on Russia last week, Indian refiners said they were ready to sharply curtail Russian oil imports, as New Delhi already faces punishing 50% tariffs on its exports to the United States.

Russia-backed sanctioned Indian refiner boosts crude runs to 90%

Oil processing at Nayara's 400,000-bpd western India plant dropped to 70%–80% after the EU sanctioned it in July, denting its exports and leading suppliers such as Iraq and Saudi Arabia to halt crude sales to the company.

Diesel rally sparked by Western sanctions on Russia will be short-lived

A new wave of Western sanctions on Russia’s oil industry has roiled the diesel market, sending refining margins soaring, but global supplies are unlikely to be severely disrupted for long.

China aims to tackle over-capacity in some plastic and fiber petrochemicals

Asia refining margins soar as sanctions threaten Russian supplies

The strength has mainly been driven by the global diesel market, which has staged an upward swing in recent weeks on robust demand and tighter supply prospects.

BPCL, Oil India to build $11-B refinery, petchem complex in southern state

Oil India is considering taking a 10%–20% stake in the planned refinery in Andhra Pradesh state, while BPCL is seeking additional partners for the project.

Airbus and Cathay form co-investment partnership for scaling SAF adoption

Under the terms of the partnership, the two companies will collaborate to identify, evaluate and invest in projects that support the scaling of SAF production towards 2030 and beyond. Projects will be assessed based on their commercial viability, technology maturity, and potential for long-term offtake.

China's Satellite Chemical pauses ethylene project amid U.S. trade tensions

The new cracker, costing roughly $1 B and with a capacity of up to 1.5 metric MMtpy would process ethane into ethylene, a key petrochemicals building block.

Reliance Industries says it will adapt refinery operations to meet sanctions parameters

Reliance Industries says it is assessing Western sanctions against Russia, and will comply with EU regulations on the supply of fuels.

Indonesia Jan.–Sept. biodiesel consumption rises to 10.57 MM kiloliters, minister says

Indonesia raised the mandatory palm oil content in diesel fuel to 40% this year, up from the previous level of 35% in an effort to reduce the country's reliance on fuel imports.