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China: Taiwan Formosa awaits green light on bid to delay cracker turnaround

Taiwan's Formosa Petrochemical is awaiting a decision from the government on whether it can postpone a scheduled turnaround at its No. 2 naphtha-fed steam cracker in Mailiao from August to October, a company source said Monday. The company made an application in mid July to ...

China: Unconventional gas to play big role in China's gas market: report

Domestic unconventional gas production will account for over a quarter of China's total gas supply by 2030 and unconventional gas, particularly shale, will increase significantly to help meet China's strong gas demand growth, Wood Mackenzie said Monday. However, unconventional ...

China: China cuts Iranian crude oil imports by 30% in H1 2010

China has cut its imports of Iranian crude oil by 31.23% to 9.02 million mt (66.12 million barrels) in the first half of 2010 compared with 13.12 million mt in the same 2009 period, according to latest China customs data. The drop contrasts with a 30% year on year jump to 117.96 ...

Britain: UPDATE: BP shares rise as Dudley expected to replace Hayward

BP's shares rose in early trade Monday following widespread reports that the embattled oil major plans to name Robert Dudley, the current head of its US spill response, to succeed Tony Hayward as the company's chief executive. The change is seen as a key move to help restore BP's ...

China: Sinopec Wuhan Petchem sets Aug crude throughput target stable at 420,000mt

Sinopec Wuhan Petrochemical is slated to refine 420,000mt of crude oil in August, flat with the previous month, according to a refinery source. The refinery plans to revamp 2.2-mil-mt/yr delayed coker in October, expected to be complete in one month, the source said. Wuhan ...

America: US domestic styrene buyers facing possible contract roll-over

US domestic styrene buyers could be facing a possible contract roll-over from July to August, sources said on Monday, following a sharp jump in benzene prices. On Monday, benzene was heard bid at 280 cents/gal FOB USG for August, with offers at 284 cents/gal FOB USG. Multiple ...

Japan: Japan's JX to shut 3 propylene plants for maintenance in Sep, Oct

p> Japan's JX Nippon Oil & Energy Corp. is slated to shut three propylene plants in September and October for maintenance that will idle 330,000 mt/year of production capacity for an average of 35 days. The planned outages are expected to cost JX about 31,000 mt in lost propylene ...

China: energy demand to drive Pacific LNG growth

Fueled by its soaring demand for energy, China's demand for liquefied natural gas will increase by 48 percent in 2020 and is driving Pacific LNG growth, says a new study. "Race for Supply -- the Future of China's Gas Market," by Wood Mackenzie Consultants finds that China's ...

China: Hong Kong still largest receiver of jet from Mainland China: GAC

p>Hong Kong imported 1.63-mil mt of jet from Mainland China in the first half of this year, taking up 51.35% of China's jet exports, higher than another countries and regions, showed data from the General Administration of Customs. Hong Kong is always major receiver of Chinese ...

China: Japan ranks as top receiver of Chinese naphtha in H1'10: GAC

Japan was the largest receiver of China's naphtha exports in the first half of 2010, importing 357,299mt, surging 316% from a year earlier, according to data released by the General Administration of Customs. South Korea ranked the second, importing 247,139mt, sharply up 188% ...

China: Sinopec Guangzhou Petchem to refine 1-mil mt of crude in Aug, flat on month

Sinopec Guangzhou Petrochemical set its crude oil throughput target for August at 1-mil mt, unchanged with the previous month, according to a refinery source. The refinery plans to go into month-long turnaround in December, when it would revamp 5.2-mil-mt/yr crude oil distillate ...

China: PetroChina Fushun Petchem sets Aug crude oil throughput target stable at 780,000mt

PetroChina Fushun Petrochemical is scheduled to process 780,000mt of crude oil in August, flat with the previous month, a source with the refinery told C1. The refinery is considering shutting down 3.5-mil-mt/yr No. 1 plant in 2011, due to safety hazard of its location, the ...

Thailand's PTT tenders to seek 22,000mt of refrigerated LPG

Thailand's PTT issued a tender Tuesday to purchase 22,000mt of refrigerated LPG at a half-to-half ratio for August delivery, traders said. Bids due Jul 27, with validity till the same day.

China's TPU Self-sufficiency Rate May Rise Continuously

According to Bai Yi, vice president of China Petroleum and Chemical Planning Institute, China would adjust industrial structure to raise self-sufficiency rates of high-end Petrochemical products such as polyurethane and so on. Song Hongwei, analyst from P.H. Consultant pointed ...

America: Ashland 3Q earnings rise: materials costs pressuring profits

Covington-based Ashland Inc. announced fiscal third-quarter earnings Friday that saw improved performance across the company's business lines. Overall, the specialty chemical company said it earned $148 million, or $1.85 a share, up from $50 million, or 66 cents a share, in the ...

Argentina:Automotive industry drives PP demand in Argentina: producer

Growth in the Argentinean automotive industry was helping heat up the polypropylene market in that country, a source said today. "The country's economy is doing well, helping the continued development of the PP market within the automotive industry which is continually doing ...

China: Dalian Customs still ranks as China's top gasoline exporter in H1'10: GAC

Dalian Customs exported 1.12-mil mt of gasoline in the first half of 2010, accounting for 36.76% of China's total, highest of all customs, according to data released by the General Administration of Customs. Many refineries exporting gasoline are located in Northeast China, of ...

Poland's TDI Facility Failed to Restart

Due to severe technical problem, Zachem s TDI manufacturing facility located in Bydgoszcz, Poland failed to restart for the third time, people from the company said on July 20. The facility shut down for maintenance from June 24 and was scheduled to resume production last week. ...

Profits return at Mol, K Line as freight demand grows

Japanese shipping firm Mitsui OSK Lines (Mol) bounced back in its fiscal first quarter, posting a profit of 20.8bn ($240.6mn) on a strengthening global economy. The company recorded a 13bn loss a year earlier for the April-June period. Mol's dry bulk operations improved, with ...

Indian refiners resume raising jet fuel prices

India's state-owned refiners raised domestic jet fuel prices by 2.7pc from yesterday, following a rare reduction in mid-July. Prices were raised by 1,078 rupees kl ($23.36/kl) to around Rs41,177/kl in Delhi, reflecting the rise in international oil prices. State-owned oil firms ...

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Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
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