Asia Pacific downstream news
CB&I awarded contract for ethylene expansion
CB&I has announced that it has been awarded a material supply contract for an ethylene expansion project.
Vitol increases shareholding in Hascol
Vitol has announced it has increased its shareholding in Hascol Petroleum Limited, Pakistan, to 25%.
Essar to complete sale
Essar has announced it will complete the Rs 86 000 crore Essar Oil stake sale to Rosneft and Trafigura-UCP consortium.
Phoenix Petroleum opens new terminal
Phoenix Petroleum has announced it has inaugurated its new liquid bulk storage terminal in Cebu.
Asian residual fuel prices narrow
According the US EIA's Today in Energy, low inventories and supply developments are affecting Asian residual fuel oil prices.
CLG announce new technology licenses
Chevron Lummus Global has announced it has been awarded four new technology licenses for a refining and petrochemical complex in China.
Sinopec and Linde sign JV
Sinopec and Linde have announced they have signed a €145 million joint venture to strengthen air gases supply in Ningbo industrial cluster in China.
Grace licenses technology to Hengli Petrochemical Refinery Co.
Grace has announced it is licensing its process technology to Hengli Petrochemical Refinery Co. in Dalian, China.
North Korea’s neighbours advance O&G projects
According to GlobalData, North Korea’s neighbours are advancing projects across the entire oil and gas chain, undeterred by recent military provocations.
Sasol begins construction of new facility
Sasol has announced it has begun construction on its new alkoxylation production facility in China.