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Asia/Pacific

Update: India's BPCL buys Middle East grades to replace Russian shortfall

State-run Indian refiner Bharat Petroleum Corp. (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview.

Shell shuts down Singapore oil processing unit to investigate leak

Shell has shut down an oil processing unit at its Pulau Bukom facility to investigate a suspected leak, Singapore's Maritime and Port Authority (MPA) and National Environment Agency (NEA) said on Friday.

BPCL plans $11-B refinery and petrochemical project in South India

India's Bharat Petroleum Corp. plans to invest $11 B in southern Andhra Pradesh state for a new refinery and petrochemical project to meet rising fuel demand in the world's fastest-growing major economy.

Indian state refiners may buy Middle East spot oil to replace Russian shortfall

Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, in a move that could support prices for high-sulfur oil.

Japan's Taiyo Oil to shut two CDUs at Shikoku refinery for maintenance

Japanese oil refiner Taiyo Oil plans to shut down two crude distillation units (CDUs) at its 138,000-bpd Shikoku refinery in western Japan this week for scheduled maintenance.

Indian Oil to invest $7 B in naphtha cracker project

Indian Oil Corp. (IOC) will invest 610 B rupees ($7 B) to establish a naphtha cracker project in Paradip in the eastern state of Odisha.

Saudi Arabia was top buyer of Russian fuel oil and VGO in November

Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in November, according to traders and LSEG data.

India's BPCL buys first Argentinian crude oil cargo for Feb. delivery

India's Bharat Petroleum Corp Ltd. (BPCL) has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries.

Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy

Sinopec's Zhenhai refinery has completed its expansion of oil refining capacity to 40 metric MMtpy, or about 800,000 bpd.

Oil via Russia's Druzhba pipeline halted by technical problems

Russian and Kazakh oil flows to Hungary, Slovakia, the Czech Republic and Germany via the Druzhba pipeline have stopped since Thursday due to technical problems at a Russian pumping station.