China Petroleum & Chemical Corp. has announced that it will process 4% less crude at the Hainan refinery during September than it did in August. The facility, owned by Asia’s biggest refinery will have an average output of 176 000 bpd.
PetroChina has won approval to double the capacity of its Huabei refinery. Once the expansion work is complete the facility will be able to process 200 000 bpd. The project is expected to be complete by October 2012 and fully online by the end of that year.
Marasel Co., Saudi Arabia has joined Beximco, Bangladesh to invest in the expansion of Eastern Refinery Ltd. The joint venture are going to invest approximately US$ 1 billion in order to increase the refinery’s output to nearly 100 000 bpd.
The Haryana government has announced that they will be investing in a petrochemicals hub. This will be located next to the Panipat refinery as the government want to encourage downstream industries to move to the area.
Mangalore Refinery & Petrochemicals Limited (MPRL) is now implementing the third phase of its refinery expansion project. Once the project is complete, MPRL will have a total capacity of 15 million tpy.
PT Pertamina has announced that it is now reviewing plans to construct a refinery in Bojanegara, Banten. The company feels that the US$ 3 billion project is no longer economically feasible at the moment.
A Petroleo Brasileiro SA owned refinery in Japan was shutdown due to an approaching typhoon last week. Operations at the 100 000 bpd Okinawa refinery were halted until midday on the 2nd September when the storm passed.
BP is going to sell two of its Malaysian petrochemical businesses to Petronas. The sale will apparently bring in US$ 363 million, which BP will put towards the Gulf of Mexico clean up efforts. The sales includes a 15% share in Ethylene Malaysia and a 60% share in Polyethylene Malaysia.
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