French court repeals law on regulated gas prices

PARIS (Reuters) — France's highest administrative court on Wednesday repealed a law on regulated gas prices, which covers about half of France's retail customers and 11% of professional users, saying it hurt competition and was against European Union regulations.

Saudi's Sipchem in CO2 supply agreement with Sasref

KHOBAR, Saudi Arabia (Reuters) — Saudi International Petrochemical Co (Sipchem) said on Wednesday its methanol affiliate will start receiving supplies of carbon dioxide feedstock from Saudi Aramco Shell Refinery (SASREF) in the first quarter of 2019.

China drafts new rules easing state oil majors' grip on storage

BEIJING/SINGAPORE (Reuters) — Beijing on Wednesday issued a draft of new regulations for China's growing oil and fuel storage industry, helping loosen the state-owned oil majors' grip on the sector as the nation pushes to reform its vast energy markets.

Vietnam plans oil reserves equivalent of 90 days of imports by 2020

HANOI (Reuters) — Vietnam's prime minister has approved a plan for the country's total crude oil and oil product stocks to be at least 90 days' worth of net imports by 2020.

IRPC Americas '17: IMO 2020 panelists advocate bunker sulfur removal "at the source"

HOUSTON—On Day 1 of Gulf Publishing Company's International Refining and Petrochemical Conference (IRPC) Americas 2018, Hydrocarbon Processing Technical Editor Bob Andrew moderated a late-morning panel discussion on IMO 2020 regulations.

CPC Taoyuan starts up sulfur recovery units with DuPont technology

WILMINGTON, DEL. — The Chinese Petroleum Corporation (CPC) awarded DuPont Clean Technologies (DuPont) the contract to supply the technology license, engineering and proprietary equipment for a MECS DynaWave wet gas scrubbing unit to be installed at its Taoyuan refinery in Taiwan in August 2015.

Vietnam's Nghi Son refinery to import its first Kuwaiti crude cargo

SINGAPORE (Reuters) — Vietnam's Nghi Son Refinery and Petrochemical LLC (NSRP), the owner of the country's second oil refinery, has chartered a supertanker to carry crude from Kuwait in a sign that the behind-schedule project may soon begin startup operations.

China June oil refinery throughput close to record

BEIJING (Reuters) — China's oil refineries ramped up throughput in June to the second highest on record, with some independent plants raising output even as state oil majors prepare to take drastic steps to cut production during the peak summer season.

S.Korea's Hanwha Total says naphtha cracker shut after lightning strike

SEOUL (Reuters) — South Korea's Hanwha Total said on Monday its naphtha cracker in Daesan has been shut due to power outages caused by a lightning strike.

India BPCL makes its first US oil purchase, buys Mars, Poseidon

NEW DELHI (Reuters) — India's Bharat Petroleum Corp has made its first purchase of US oil, buying high sulfur crudes Mars and Poseidon in a tender, its head of refineries R. Ramachandran said.