Industry News

  • Aramco Asia develops synergy between Saudi Vision 2030, 'Belt & Road' initiative 9/11/2017

    Aramco Asia has pledged to increase efforts to expand engagement in the downstream business with the Chinese provinces of Fujian and Yunnan, as part of the company's commitment to promote regional economic growth and ensure energy security.

  • Promoting downstream oil and gas industry 9/4/2017

    The PIPC sits on a 20,000-acre piece of land in Pengerang, in Malaysia's Johor state. The PIPC is designed to accommodate downstream oil and gas industrial facilities such as refineries and petrochemical plants, deep-water terminal and storage tanks, naphtha crackers, regasification plants and supporting facilities, as well as manufacturing plants and industrial parks.

  • Dialog propelled by Rapid development 9/4/2017

    It is obvious now that homegrown oil and gas company Dialog Group Bhd made the right decision many years ago to venture into the downstream segment. The company, though, had not always been the favoured oil and gas stock in the past. That said, it has grown its market capitalisation from RM55mil when it listed in 1996 to more than RM11bil today.

  • Sinopec warns fuel sales will fall; plans to keep run rates stable 8/29/2017

    BEIJING (Reuters) - Chinese refining giant Sinopec warned it would keep its output rates stable even as it expects fuel sales to drop in the secong half compared with January - June, a move that could add to a domestiic glut of gasoline and diesel.

  • Petronas 'future-proofing' business with downstream focus — CEO 8/29/2017

    KUALA LUMPUR (Aug 25): Petroliam Nasional Bhd (Petronas) president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin said the company would focus on the oil and gas downstream segment to mitigate the impact of still-low crude oil prices at about US$50 a barrel.

  • Japan's METI agrees to cooperate on new ADNOC partnership strategy 7/21/2017

    Japan's Minister of Economy, Trade and Industry Hiroshige Seko and Abu Dhabi National Oil Company CEO Sultan Al-Jaber agreed Thursday to cooperate on ADNOC's recently announced new strategy, a METI official said.

  • Aramco, Norinco sign JV agreement for major downstream project in China 5/22/2017

    Saudi Aramco, China North Industries Corporation (NORINCO) and Panjin Xincheng Industrial Group, Co, Ltd signed the joint development agreement and held a ground-breaking ceremony for the Saudi Aramco - NORINCO Refining, Petrochemical and Retail projects in Panjin, in northeast China's Liaoning province.

  • India's top refiner in early talks with Aramco for downstream project 5/12/2017

    India's top refiner said it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coasts, that could help the OPEC member lock-in customers amid an oil supply glut.

  • MPRC Exec: Asia Good Place for Downstream Workers 5/12/2017

    Asia is a good place to go for downstream oil and gas professionals, according to Syed Azlan Syed Ibrahim, Malaysia Petroleum Resource Corporation (MRPC) senior vice president.

  • BP to develop Indonesia retail business 4/17/2017

    BP and AKR Corporindo, a local petroleum and chemicals company, have agreed to set up a joint venture to oeprate fuel retail stations in Indonesia.

     

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