- Iran to build pipeline to move oil products northeast
January 16, 2022
Iran's state-owned refiner NIORDC has signed a €372mn preliminary deal with the privately-owned Bank Mellat to finance the construction of a new 150,000 b/d oil products pipeline to both supply northeast Iran, and possibly also help the flow ...
- China's annual crude oil imports drop for first time in 20 years
January 14, 2022
China's annual crude oil imports slid 5.4% in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners drew down massive inventories.
Read Article
- Surging Competition Forces Asia Plastics Makers to Stifle Output
January 09, 2022
Some of Asia’s biggest producers of the building blocks used to make plastic are cutting processing rates after a robust expansion of capacity last year led to rising feedstock costs and weakening profit margins.
Read Article
- UAE's Fujairah to move ahead with ADNOC's crude caverns in 2022
December 31, 2021
The UAE's Fujairah port, which is coming off a record year in terms of liquid bulk throughput, is closer to a major expansion of its crude oil storage capacity in 2022 at the same time refineries are planning additions, while container shippi...
- Beijing Slashes Import Quotas For Independent Refiners By 11%
December 30, 2021
Chinese authorities have granted 11 percent lower crude import quotas to independent refiners in the world’s top oil importer in the first batch of quota allowances for 2022.
Read Article