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South Korea
Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea
Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…
Oil Refinery
Strike Action Hits Exxon Mobil’s Oil and Petrochemical Plants in France
Strike action has reduced output at Exxon Mobil's 240,000 barrel per day (bpd) Port Jerome-Gravenchon oil refinery and Notre Dame de Gravenchon (NDG) petrochemi…
Crude Oil
Four Global Companies Shortlisted for $2BN Petrochemicals Complex in Egypt
Anchorage Investments has selected Hyundai, Samsung, Technip Energies and Tecnicas Reunidas to compete to be the main contractor for Ain Sokhna project
Oil Exploration
China Heralds Another Major Oil Discovery
China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves…
OPEC
Iran’s Two-Month Petrochemical Export Revenues Surge 64% On Year
Iran’s revenues from petrochemical exports surged by 64% year on year to $2.45bn in the first two months of its fiscal year, official data showed on Sunday.
Crude Oil
China's Shenghong Resumes Crude Buying Ahead of Refinery Commissioning
China's private refining complex Shenghong Petrochemical has resumed crude oil purchases ahead of the commissioning of its new refinery, sources with knowledge …
Net Zero Emission
Bp Signs Offtake Agreement for Circular Naphtha
Bp has signed an offtake agreement with Clean Planet Energy, a company developing ecoPlant facilities that convert hard-to-recycle waste plastics into circular …
Hydrogen Production
bp Supports Circular Plastics Chain with Clean Planet Energy
bp signs 10-year offtake deal with Clean Planet Energy which aims to convert hard-to-recycle waste plastics into circular petrochemical feedstocks.
Crude Oil
Aramco Takes FID to Build Refinery and Petrochemical Complex in China
Saudi Arabian Oil Company (Aramco) has taken the final investment decision (FID) to develop a refinery and petrochemical complex in China, in partnership with N…
Energy Investment
China Considers Stake Acquisitions in Russian Energy Firms
China is in negotiations with firms including China National Petroleum, and China Petrochemical.
Nuclear Power Plant
Chinese Nuclear Steam Supply Project Launched
A project has started at the Tianwan nuclear power plant in China's Jiangsu province to supply steam to a nearby petrochemical plant
Nigeria
Nigeria Oil Refinery About to Come Online Later This Year
AfDB President Dr Akinwumi Adesina described the Dangote oil refinery and petrochemical plant project in Nigeria as a game-changing initiative that will spur th…
Crude Oil
India’s Haldia Petrochemicals Plans New Cracker Project
Indian petrochemical producer Haldia Petrochemicals plans to develop a new oil-to-chemicals project at Cuddalore in south India's state of Tamil Nadu.
Crude Oil
China Oil Demand Seen Peaking In 2030
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested.
Hydrogen Project
Cummins and Sinopec Officially Launch Joint Venture to Produce Green Hydrogen Technologies in China
Cummins Inc. and China Petrochemical Corporation announced the formation of a 50:50 joint venture — Cummins Enze Hydrogen Technology Co., Ltd.
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