Refining
Kuwait can restore 70% of oil output in 6–8 weeks of Hormuz reopening, KPC executive says
Kuwait's timeline for its production recovery is shorter than some forecasts for a full reopening of transits through the Strait of Hormuz.
DNV announces financial close of $650-MM H2 fertilizer project in Paraguay
The $650-MM project is one of the world's first industrial-scale green fertilizer plants to be financed in a non-recourse basis, a standalone, asset-backed financing structure where lenders look only to the project itself for repayment.
China allows output cuts by some money-losing independent refiners
Some refiners in the eastern province of Shandong, popularly called teapots, were told recently that they can cut output to no lower than 80% of last year's monthly average.
IEA forecasts chance of critically low stockpiles before peak summer demand
Fuel demand typically peaks in the Northern Hemisphere summer when people drive and fly on holiday.
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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

