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China: ZOUEC dips toe in residential-consuming LPG market

p>Zhangjiagang Oriental Energy Co (ZOUEC) kicked off sales of imported LPG for resident use in both retail and wholesale market in Taizhou City of Zhejiang Province in East China, a survey showed. The company's LPG filling station in Taizhou with storage capacity of over 200 cu m ...

China: PetroChina Lanzhou Petchem to refine 24% more crude oil daily in Sep

p>PetroChina Lanzhou Petrochemical is slated to process 850,000mt of crude oil in September, with daily throughput sharply up 24% from the previous month, a refinery source said. The refinery has resumed normal production since wrapping up maintenance of a 3-mil-mt/yr fluid ...

China: Sinopec Branch Companies Adjusted Downward Contract Prices of Pure Benzene

p>Sinopec Shanghai Petrochemical, YPC Company and Sinopec Zhenghai Refining & Chemical, Sinopec branch companies in East China area, jointly adjusted downward prices of pure benzene to Rmb 6600/ton, effectively on Sept 7th. Meanwhile, Tianjin Petrochemical, Shijiazhuang Refinery ...

China: Yanfeng Johnson to Establish New Foaming Factories in Nanjing and Guangzhou

p>Shanghai Yanfeng Johnson Controls Seating Co., Ltd. will establish two auto seat foaming factories in Nanjing and Guangzhou and expand the capacity of its foaming factory in Shanghai. After the establishment and expansion, the company s newly-added capacity could be used to ...

Kiefel supplies machines to China's Haier

FREILASSING, GERMANY -- German thermoforming machinery producer Kiefel GmbH is supplying Qingdao, China-based Haier Group with 20 machines this year alone to make refrigerator parts. The equipment is in addition to 15 machines that Kiefel has already supplied to the Chinese ...

Europe: Change on BASF s Supervisory Board

Ludwigshafen, Germany Stephen K. Green (61), member of the Supervisory Board of BASF SE, has been appointed to become the United Kingdom s Minister of State for Trade and Investment effective early in 2011. He will therefore resign from BASF s Supervisory Board in December 2010. ...

Iran looks at new nat gas pipeline to India

Tehran is considering an overland route or a deep-water pipeline to transport its natural gas to India, a deputy energy official said. Tehran is busy securing commitments for a pipeline from the South Par gas complex in the Persian Gulf. Pakistan has signed on to the project, ...

Iran says India considering sea route to buy gas

Iran s National Iranian Gas Company said Asian giant India has again expressed interest in buying natural gas from the country via sea route. According to NIGC managing director Javad Owji, whom is also Iran s deputy oil minister, India has expressed willingness to restart ...

Nestle,Raisio to use rapeseed oil to make diesel

Neste Oil and Raisio have entered into an agreement on the use of domestic rapeseed oil surplus as raw material for renewable diesel. Neste Oil and Raisio have agreed on long-term cooperation regarding the utilisation of Raisio s rapeseed oil surplus as a renewable diesel raw ...

Oil keeps up as China commodity market crumbles

World oil prices remained marginally up in Asian trade Thursday as US crude inventories dropped amid reports of declines in Chinese commodity futures due to extensive sell off. Light sweet crude for October delivery was seen trading at $74.71 a barrel at 12.00 noon Singapore time ...

China co's cuts 1.63 mtn Co2 emissions in 2009

China said Thursday its top 100 retail companies were estimated to have cut 1.63 million tons of carbon dioxide emissions in 2009 as their combined power consumption was 1.7 billion kilowatt-hours less than that in 2008. According to country s Ministry of Commerce the power ...

Phillips comes out with innovative OLED module

Scientists from Philips Research have developed the first-ever organic light emitting diode (OLED) module that can be powered directly from a mains electricity supply. The prototype opens the door to OLED systems that can be directly plugged into standard power outlets without ...

Asia: Australia's BMG JV agrees to pay $32.5 mil to settle FPSO dispute

p>Australia's Basker-Manta-Gummy oil and gas field joint venture has agreed to pay Norway's BW Offshore $32.5 million as part of a settlement ending a legal row ignited by the cancellation of a FPSO order in 2008. The agreement settles all claims and counter-claims related to the ...

Europe:S Korea's KNOC rejects Dana Petroleum takeover defense

p>South Korea's state-owned KNOC will not raise its hostile takeover bid for the UK's Dana Petroleum, saying Thursday its GBP18/share ($28/share) offer was "full and final" despite a punchy defense from Dana published Wednesday. KNOC said it has reviewed Dana's defense document, ...

Oil extends gains towards $75 in Europe

Extending gains from Asian trade, oil prices climbed towards the $75 a barrel mark in early afternoon European trade on increased demand for energy. Light sweet crude for October delivery was seen trading at $74.98 a barrel by noon in London time while Brent crude was down ...

China: Major Chinese refineries' run rate inches up to 85.39%

p>Major Chinese refineries' operating rates averaged 85.39% Thursday, up 1.59 percentage points from two weeks ago, a survey found. This run rate was up 0.34 percentage points from a year earlier. The average operation rate climbed after Jinzhou Petrochemical and Lanzhou ...

Asia: Thailand's PTT grants buy tender for refrigerated LPG

p>Thailand's PTT awarded its latest buy tender for refrigerated LPG late Wednesday at a certain premium over September CP, traders said. PTT issued the tender Tuesday to purchase 22,000mt of refrigerated LPG for the second half of September delivery. PTT bought last time 22,000mt ...

Middle East; Iran's Aug toluene exports to India slump 62-70% on month

p>Iran's August toluene spot supplies to India slumped 62-70% compared with the previous month as the blendstock and its feedstock supplies were being diverted away for gasoline production, industry observers said Monday. According to them, Iran has restricted or fully eliminated ...

China: PetroChina Kunlun Gas to monopolize LPG wholesale business in NE. China's Heilongjiang

p>PetroChina Kunlun Gas is expected to become the sole wholesale marketer of LPG in Heilongjiang Province in Northeast China, a survey found. The company would take over LPG wholesale business of Lamadian Refinery on Sep 10, not long after taking over that of Anda Refinery. ...

China: Run rate of Shandong independent refineries inches down 0.8 percentages to 43.5% Thu

p>Operation rates of independent refineries in Shandong Province averaged 43.5% Thursday, slightly down 0.8 percentage points from one week ago, up 5.8 percentage points compared to one year ago, a survey found. Qingdao Anbang Petrochemical had two crude distillate units with ...
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