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India's Reliance Expects Sharp Rise in Operating Profit from Next Fin. Year
(Monday, January 16, 2017) Refining and petrochemicals contribute around 90 percent of Reliance's overall revenue and profit.
PetroVietnam, Exxon Mobil Sign Deal on Gas Generation
(Friday, January 13, 2017) The Blue Whale project aims to produce the first gas for power plants by 2023
India's 2016 Iran Oil Imports Hit Record High - Trade
(Friday, January 13, 2017) India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report.
Thailand's PTT Picks Marubeni-Itochu Venture to Supply Natural Gas Pipeline
(Thursday, January 12, 2017) Thailand's largest energy firm PTT Pcl has chosen a Marubeni and Itochu joint venture to supply a natural gas pipeline, the Thai company said on Thursday.
Saudi Keeps Feb Oil Exports Steady to Most Buyers in Asia
(Thursday, January 12, 2017) State oil giant Saudi Aramco reduced February term supplies of mainly heavy crude to Indian refiners Reliance Industries and Hindustan Mittal Energy Ltd (HMEL), as well as to Malaysia's Petronas, four sources familiar with the matter said.
Biggest Indian Refiner Hunts for Oil Assets as Demand Surges
(Wednesday, January 11, 2017) India's biggest fuel retailer is seeking to buy oil assets as demand surges in the world's fastest growing energy market.
Demonetization to Hold Back India's 2017 Fuel Demand Growth
(Wednesday, January 11, 2017) India's fuel demand growth is expected to slow by as much as 40 percent in 2017 from last year as a government-induced cash shortage hurts businesses, industry and car sales.
India's 2016 Fuel Sales Growth Highest in At Least 16 Years
(Tuesday, January 10, 2017) India's fuel demand in 2016 grew at its highest pace in at least 16 years as low oil prices for most of the year boosted demand for gasoline and aviation fuels.
COLUMN-India's Gasoline Thirst Shows No Sign of Being Slaked
(Tuesday, January 10, 2017) India's gasoline consumption continues to grow rapidly as an increasing number of individuals purchase their first motorized vehicle, helping drive the fastest growth in fuel demand in the world.
Caspian Pipeline Oil Exports Up 4 Pct in 2016
(Monday, January 09, 2017) Oil exports via the Caspian Pipeline rose 3.6 percent to 44.3 million tonnes in 2016, data from the Caspian Pipeline Consortium (CPC) showed on Monday.
Azeri Oil Exports via Turkey Pipeline Rise 1.3 Pct in 2016
(Monday, January 09, 2017) Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey rose 1.3 percent last year to total 28.86 million tonnes, state energy company SOCAR said on Monday.
Contract for Azerbaijan Gas-Petchem Project Goes to Technip
(Wednesday, January 04, 2017) Technip secures a contract from Socar GPC for the development of the process and engineering design of all process units included in a new gas and petrochemical plant, located in Garadagh, Azerbaijan.
Turkmenistan Limits Natural Gas Supplies to Iran Over Arrears
(Tuesday, January 03, 2017) Turkmenistan has limited natural gas supplies to Iran since Jan. 1 over unpaid past deliveries, the Turkmen Foreign Ministry said on Tuesday, a day after Iran said supplies through a cross-border pipeline had been cut off.
Blast Hits Azeri Gas Pipeline Near Baku - Ministry
(Monday, January 02, 2017) An explosion has occurred at a gas pipeline near Azerbaijan's capital Baku early on Monday, the country's Emergencies Ministry said, the second such incident in a week.
Chinese Teapot Refiner Closes Acquisition of Stake in Shell Malaysia Plant
(Thursday, December 22, 2016) Private Chinese refiner Shandong Hengyuan Petrochemical Co closed a $66.3 million acquisition of a stake in Royal Dutch Shell's Malaysia oil plant on Thursday, according to Shell and a local media report.
AIIB Approves $600 Mln Loan for Azerbaijan-Turkey Gas Pipeline
(Wednesday, December 21, 2016) The Asian Infrastructure Investment Bank (AIIB) said on Wednesday it had approved a $600 million loan to finance a natural gas pipeline from Azerbaijan through Turkey.
Asia Set for Biggest Refining Capacity Jump in Three Years
(Tuesday, December 20, 2016) New and expanded refineries from China to India will offset closures in Japan, adding a net 450,000 barrels per day (bpd) of crude processing capacity in 2017, the highest since 2014, energy consultancy Wood Mackenzie says.
Vietnam Raises Retail Fuel Prices by Up to 6.7 Pct
(Tuesday, December 20, 2016) Vietnam has raised the retail prices of gasoline and other oil products by up to 6.7 percent, the largest increase this year, due to recent increases in crude oil, state-owned fuel importer and distributor Petrolimex said on Tuesday.
Thai IRPC to Invest $280 Mln to Expand Petchem Output Capacity in 2017
(Thursday, December 15, 2016) Thailand's integrated oil refiner IRPC Pcl plans to invest 10 billion baht ($280 million) next year with an aim to expand the production capacity of a petrochemical product and boost its long-term earnings growth, a top executive said.
India's Diesel Demand Boosts Rare Imports of the Fuel
(Wednesday, December 14, 2016) A rise in diesel demand is boosting India's rare imports of the industrial and transport fuel, helping to mop up some of the excess supply of the fuel in Asia, traders said on Wednesday.