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Europe: Russian Sibur's upgraded Perm styrenics plant starts output

p>Russian petrochemicals producer Sibur has started production of ethyl-benzene, styrene and expandable polystyrene at its new site in Perm, the company said Tuesday. The site, which has been upgraded and expanded at a total investment of more than Rb8 billion ($260.4 million), ...

Europe:BP nabs fields in the North Sea

The British government supports a plan by BP to broaden its exploration licenses in the regional waters of the North Sea, the company said. British super major BP announced it won seven offshore exploration blocks in the North Sea during the latest licensing round from the ...

Asia: India's ONGC confirms seeking Angola assets; no decision on Iran

p>Indian upstream player ONGC Videsh expects to conclude an agreement soon in Kazakhstan for an exploration block in the Caspian Sea and has not yet decided whether to pull out of Iran's South Pars project because of the threat of US sanctions, exploration director Joeman Thomas ...

Africa: Nigeria's Oando eying new reserves of up to 4 million barrels

p>Oando, Nigeria's largest retailer of petroleum products, hopes to buy reserves holding as much as 4 billion barrels of oil-equivalent resources, its CEO, Wale Tinubu, told delegates at an energy conference in Cape Town Wednesday. "We seek to access reserves in Nigeria and ...

China: Dalian Wepec plans to export 134,000mt of distillates in Nov

Dalian Wepec is scheduled to export about 134,000mt of distillates in November, a refinery source said. The exports comprise 64,000mt of gasoline, 10,000mt of gasoil, 30,000mt of jet and 30,000mt of naphtha, revealed the source. The refinery plans to export 100,000mt of gasoline, ...

China: PetroChina Daqing Refining & Chemical to keep daily crude throughput flat at 17,000mt in Nov

PetroChina Daqing Refining & Chemical plans to process 500,000mt of crude in November, with daily throughput flat at 17,000mt compared to the previous month, according to a refinery source. Crude transmitted by the Sino-Russia Crude Pipeline is estimated to reach Linyuan terminal ...

China: PetroChina Jilin Petchem to process 12% more crude daily in Nov with new units on-stream

PetroChina Jilin Petrochemical is scheduled to refine 650,000mt of crude in November, with daily consumption up a substantial 12% on month, a refinery source said. The refinery plans to put some newly-built units into trial run in mid-November, mainly including a 6-mil-mt/yr ...

Middle East exports 414,000mt of spot LPG in Oct, down 27.6% on month

LPG producers in the Middle East exported 414,000mt of spot cargoes in total in October, sharply down 27.6% from the previous month. Asian countries required more term LPG supply in October, leading to the drop, market sources denoted. Iran still ranked as the top exporter, ...

Asia: Taiwan FPCC remains dormant, halting base oil exports

Taiwan's Formosa Petrochemical Corporation (FPCC) had not got approval from the local government to restart its refining units, revealed a company source. Holding low level of base oil inventories since the shutdown on Jul 26, the refiner had to suspend exports, reserving all ...

Asia: INVISTA, Markor Sign BDO License Agreement for 100,000-Ton Plant

INVISTA, a world leader in chemical intermediates, polymers and fibers, signed a technology licensing agreement with Markor Chemical for butanediol (BDO) manufacturing technology. We appreciate Markor s trust and hope to see our collaboration with Markor extend into the future. ...

China:'Natural gas, the answer to challenges in energy'

Natural gas could help drive a clean energy environment in an energy sector that expects substantial increases in demand, a Shell executive said in Singapore. Malcolm Brinded, executive director of the upstream sector at Royal Dutch Shell, told the audience at an energy summit in ...

China: S. Korea to cut base oil exports to China in Nov

Most South Korean refineries transferred their Group II and Group III resources to Europe, US and Southeast Asia for higher margins thanks to robust demand and higher prices in these regions. As FOB prices to Europe and US were US$40/mt higher than those to China, most South ...

Asia:Russia oil output hits all time high in October

World s largest oil producer Russia s production hit an all time high in October, according to country s Energy Ministry. October's oil output beat the all-time high of 10.16 million bpd in October, up by 4 percent as new fields went on stream on Sakhalin Island. Production has ...

Americas: US vinyls maker Georgia Gulf shows 38% improvement in Q3 income

p>US-based Georgia Gulf's third quarter 2010 operating income was at $53.2 million, a 38% improvement relative to the same period the previous year. The increase in operating income was primarily driven by higher ECU values and an improvement in chlorovinyls and aromatics volumes...

Asian HDPE demand drops, while LLDPE and LDPE still good: sources

p>Demand for various polyethylene grades is mixed, with demand for high density PE dipping, while there is continued interest for linear low density and low density PE, according to several market participants this week. As a result, HDPE-film prices have dipped $5/mt since last ...

Europe: EU unlikely to approve biofuels voluntary schemes before Apr

p>The European Union is unlikely to approve any voluntary schemes for biofuels before April 2011, a senior European Commission official said Wednesday. Ron van Erck, policy officer for renewable energy policy at DG Energy, told the FO Lichts World Ethanol Conference in Geneva: ...

Asia: US Dow seeks China's approval for coal-to-chemicals project

p>The Dow Chemical Company and China's Shenhua Group are seeking approval from the Chinese government to build and run a coal-to-chemicals complex at Yulin city, Shaanxi province, the former said late Tuesday. The two companies have submitted a Project Application Report to the ...

Americas: Coal prices mixed in limited market action

p>Over-the-counter coal markets failed to gain momentum in limited trading Tuesday. With impaired liquidity, product prices diverged. NYMEX look-alike prices outperformed, moving mostly higher across the curve, supported by gains in natural gas. Q2 2011 look-alike traded at $68...

Europe: Ukraine mulls LNG supplies from N.Africa, Middle East, Azerbaijan

p>Ukraine is in talks with natural gas producers from North Africa, Middle East and Azerbaijan as main suppliers for its future LNG terminal near Odessa, a senior official said. Petro Miroshnikov, who supervises the LNG project, said construction of the terminal will most likely ...

China: PetroChina raises gas output in Xinjiang's Tarim Basin by 8%

p>PetroChina, China's largest oil and gas supplier, said early this week it has started production from two large gas fields in the Tarim Basin in the Xinjiang Uygur autonomous region, raising the basin's gas output by 8%. Production from the Dabei block of the Kela gas field and ...
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