Industry News

  • 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.

     

  • Gazprom welcomes CNPC unit for plant 4/17/2017

    China Petroleum Engineering & Construction Corporation (CPECC) will be brought on board for work on the Amur gas-processing plant, Gazprom said on Tuesday. 

  • Sinopec piles pressure on teapot refiners 4/17/2017

    Sinopec, China's leading refiner, announced on Tuesday that it will begin centralising purchases of refined fuels through its Beijing office next month, a move that is expected to squeeze independent "teapot" refiners. 

  • Total to grow Texas petrochemicals footprint 4/17/2017

    Total aims to build an ethane steam cracker and polyethylene unit along the Gulf Coast with joint venture partners Borealis and Nova, the French major said on Monday.

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