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Petrochemicals


Yanos Refinery Commissions New Group Iii-Quality Base Oil Production Facility
RU >> 6/15/2017 - A new facility for production of Group III-quality base oils has been commissioned at the JSC Slavneft-YANOS refinery, part of OAO NGK Slavneft, a joint enterprise between Gazprom Neft PJSC and Rosnef...
West Karoun Oil Supply Capacity Rise
IR >> 6/17/2017 - Transfer of crude oil from the West Karoun oil block in the southern Khuzestan Province to export terminals in the Persian Gulf is picking up, thanks to expanding pumping machinery and equipment. ...
ENOC Signs Agreement with Winspec Marine
SG >> 6/14/2017 - ENOC Group has signed an agreement with Winspec Marine, a Singapore-based provider of freight-forwarding and logistics services. The agreement enables Winspec Singapore to become a key distributor of ...
China's May Oil Output Lowest on Record
CN >> 6/14/2017 - China's crude oil production fell to its lowest on record in May, even as refineries in the world's top buyer of crude churned out product at their fastest pace in nearly two years, data showed on Wed...
The Delayed Coking Unit at TANECO Has Been Put into the Commercial Operation Mode
RU >> 6/13/2017 - JSC TANECO has received the conclusion of the Volga Federal Department of Rostechnadzor on compliance with the requirements of technical regulations and project documentation of a number of facilities...
Asian Product Market - June 2017
Asian Product Market - June 2017 OM >> 6/14/2017 - The Asian market weakened in May, pressured by the supply side amid expectations of increasing refinery runs following the end of peak maintenance season. A lack of export opportunities also weighed ...
Product Markets and Refinery Operations - June 2017
AT >> 6/13/2017 - Product markets in the Atlantic Basin weakened during May. Despite the strength seen in US gasoline crack spreads, supported by stronger domestic demand, refinery margins in the Atlantic Basin fell d...
Ahajari Set to Boost Production
IR >> 6/11/2017 - Aghajari Oil & Gas Producing Company has proposed a plan to boost crude oil output, announced AOGPC Managing Director. ...
Venezuela & China Sign 4 Energy Agreements
Venezuela & China Sign 4 Energy Agreements VE >> 6/7/2017 - The Vice President of Planning and Development and external director of Petroleos de Venezuela, SA (PDVSA), Ricardo Menendez, reported on the signing, between Venezuela and the PRC, of four strategic ...
Rosneft, PNOC Exploration Corporation and Pionaire Finance Limited Develop Cooperation
RU >> 6/2/2017 - Rosneft, PNOC Exploration Corporation (Philippines) and Pionaire Finance Limited signed a trilateral Agreement on development of cooperation at the XXI St. Petersburg International Economic Forum. ...
Blast At China Petrochemical Plant Kills Eight, Injures Nine
CN >> 6/5/2017 - An explosion rocked a petrochemical plant in China's eastern province of Shandong on Monday, killing eight people and injuring nine, state media and local government officials said. ...
Refueling Infrastructure for Passenger Natural Gas Vehicles to be Expanded in Moscow
RU >> 6/2/2017 - Vitaly Markelov, Deputy Chairman of the Management Committee of Gazprom, and Maxim Liksutov, Deputy Mayor of Moscow in the Moscow Government, Head of Moscow’s Department for Transport and Road Infrast...
Crude Oil & Oil Products Export for May 2017
AZ >> 6/1/2017 - In May 2017, SOCAR has exported 84 631 tons of crude oil from Novorossiysk port, 260 380 tons from Supsa port, and 1 322 980 tons from Ceyhan port.Generally, 573 838 tons of crude oil was exported fro...
Gazprom & Caspian Innovation Company Sign Memorandum of Cooperation
RU >> 6/2/2017 - Alexey Miller, Chairman of the Management Committee of Gazprom, and Sergey Shtepa, CEO of Caspian Innovation Company, signed today at the St. Petersburg International Economic Forum 2017 a Memorandum ...
Gazprom Neft Increases Supplies of Bitumen Materials to the Omsk Oblast
RU >> 6/1/2017 - Gazprom Neft and the Government of the Omsk Oblast have used the occasion of the 2017 St Petersburg International Economic Forum to conclude a Cooperation Agreement on the supply of bitumen materials....
Gazprom Neft Begins Installing Equipment for a New Advanced Oil Refining Complex at Omsk Refinery
RU >> 5/29/2017 - Installation of major equipment has now begun at the construction site of the advanced oil refining complex (AORC) being built at Gazprom Neft’s Omsk Refinery, with 10 high-pressure heat exchangers be...
Mammoet Completes Large Modernization Project at Polish Refinery
PL >> 5/31/2017 - Mammoet finished the last lift on a large modernization project at LOTOS refinery in Gdansk, Poland. LOTOS is one of the largest refineries in the country. This project is led by Italian process engin...
ABB to Provide Life Cycle Services for New Plants of Fuyao Group
SZ >> 5/17/2017 - ABB announced that it will provide life cycle services for the new plants and float glass production lines of Fuyao Glass Industry Group Co., Ltd. (Fuyao Group), to help the user enhance equipment rel...
China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
CN >> 5/26/2017 - As OPEC extends production cuts in a bid to tighten the oil market, China's independent refiners - awash with crude and facing disappointing local demand - are poised to slow purchases of oil for at l...
Refinery Operations - May 2017
Refinery Operations - May 2017 AT >> 5/29/2017 - The refinery utilisation rate in the US averaged around 92% during April, corresponding to 17.0 mb/d. This represented an increase of more than 1 mb/d from the previous month’s level and was around 96...
KOGPC Biggest NISOC Oil Producer
IR >> 5/21/2017 - Managing Director of Karoun Oil & Gas Producing Company said, in post JCPOA, by having a 60% share, KOGPC played a key role in boosting NISOC crude production. ...
PGPIC, European Firm Partner in Iran Petchem Project
IR >> 5/22/2017 - Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) and a European company have partnered to build a major petrochemical project in Iran, PGPIC said. ...
LyondellBasell Begins Construction of Hyperzone PE Plant at its La Porte Complex
US >> 5/15/2017 - LyondellBasell (LYB), one of the world's largest plastics, chemicals and refining companies, has broken ground on the first commercial Hyperzone polyethylene (PE) plant at its La Porte, Texas, complex...
Quay Construction for Kuwait-China Refinery Complex Underway
CN >> 5/17/2017 - The construction of a quay for a Kuwait-China refinery and petrochemical project in south China's Guangdong Province is scheduled to complete in September, the state-run China Daily reported. ...
ExxonMobil to Launch Service Stations and Fuels in Mexico
MX >> 5/17/2017 - ExxonMobil announced its plans to enter the Mexican fuels market in 2017 with Mobil-branded stations and its new signature line of advanced Synergy™ gasoline and diesel fuels. ...
Gazprom Neft Increases Direct Sales of Aviation Fuels by 3% in Q1 2017
RU >> 5/17/2017 - Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, has retained its leading position on the Russian market in terms of Q1 2017 direct sales, with the company making “wing-tip...
Gazprom Neft Hydraulic Fluids Become the First Russian Products to Be Approved
RU >> 5/16/2017 - Gazpromneft Lubricants — operator of the Gazprom Neft lubricants business — has secured official endorsement from Bosch Rexroth for its premium-class hydraulic oils produced under the Gazprom Neft bra...
China's Norinco & Saudi Aramco Line Up $10B Refinery Plan
CN >> 5/16/2017 - Chinese defence conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco to build a refinery and chemicals complex in northeast...
Iran Plans 70 Projects at Mahshahr PETZONE
IR >> 5/13/2017 - Iran is planning to absorb finances for construction of 70 petrochemical projects at Mahshahr Special Economic Petrochemical Zone (PETZONE) in the southwestern province of Khuzestan, PETZONE’s managin...
Iran Increase Oil Exports to South Korea by Over 63%
IR >> 5/16/2017 - South Korea considerably increased its crude oil imports from Iran in April as compared with the corresponding period in the last year. ...
Gazprom & RusGazDobycha Sign Memorandum of Intent
RU >> 5/5/2017 - Alexey Miller, Chairman of the Gazprom Management Committee, and Artem Obolensky, Director General of RusGazDobycha (a special-purpose company established by National Chemical Group), signed in St. Pe...
Refinery Margins - May 2017
Refinery Margins - May 2017 AT >> 5/15/2017 - The US market saw strong support from the rally in gasoline crack spreads. This was on the back of increasing domestic gasoline demand, which recovered following a slump during 1Q17. Another supporti...
ExxonMobil & SABIC Select San Patricio County for Proposed Petrochemical Project on U.S. Gulf Coast
US >> 4/19/2017 - ExxonMobil Chemical Company and SABIC each announced the selection of a site in San Patricio County, Texas for potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. ...
Product Markets and Refinery Operations - May 2017
AT >> 5/11/2017 - Product markets in the Atlantic Basin strengthened during April. This was supported by firmer domestic demand, amid higher export opportunities, which along with lower inflows due to heavy refinery ...
Shell Proposes Adding Russian Oil to Brent Benchmark
RU >> 5/10/2017 - Royal Dutch Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude benchmark from declining North Sea supply by including other grades, such as Russian Urals, i...
Honeywell UOP and KFUPM Drive Economic Diversification in Saudi Arabia
SA >> 5/9/2017 - In support of Saudi Arabia’s ongoing efforts toward economic diversification and localization initiatives, Honeywell UOP and King Fahd University of Petroleum & Minerals (KFUPM) have unveiled the deta...
Petronas and Saudi Aramco Explore Petrochemicals Expansion in Malaysia
MY >> 5/8/2017 - Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their joint venture in Malaysia....
PGPIC & ITOCHU Ink Polyethylene Sales Deal
IR >> 5/7/2017 - Persian Gulf Petrochemical Industries Company (PGPIC) and Japan's ITOCHU Corporation signed a deal for sale of polyethylene to the Japanese firm. ...
ANP & Procon Sign Agreement to Control Fuel Quality
BR >> 5/4/2017 - ANP and Procon / PA signed a technical cooperation agreement aimed at strengthening the regulation of fuel supply in Para. The agreement provides, among other things Actions, surveys carried out by se...
Major Equipment for New Euro+ Catalytic-Cracking Facility at Moscow Refinery Now Installed
RU >> 5/4/2017 - Installation of a key element for the Euro+ combined oil refining unit (Euro+ CORU) at the Gazprom Neft Moscow Refinery is now complete. The installed reforming column — part of the secondary oil refi...

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