Downstream News


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Saudi Aramco Plans 'Mega Investment' in World's Top Oil Guzzler
Monday, October 09, 2017 The oil industry is pinning its hopes on India and China, together home to four of every 10 people in the world.

Reliance Outbids Rivals to Buy Its Own Coal-Bed Gas Until 2021
Wednesday, September 27, 2017 Reliance outbid rivals to buy the entire volume of coal-bed methane produced from its own blocks, a move that may help it boost margins and replace more expensive imported fuel at its petrochemicals plants.

Sri Lanka in Talks with Two Chinese Firms for $3 Bln Refinery
Friday, September 22, 2017 Sri Lanka wants to build a new refinery in its southern Hambantota port.

Japan's Mitsui OSK Targets 26% Stake In Swan's Indian LNG Unit
Monday, September 18, 2017 Mitsui OSK Lines aims to buy at least a 26% stake in a floating storage regassification unit (FSRU) in India.

Bangladesh Set To Sign 15-Year LNG Import Deal With Qatar
Wednesday, September 13, 2017 Bangladesh will sign a 15-year deal with Qatar's RasGas Co to import LNG starting in 2018.

Russell: ExxonMobil's Deal To Cut India LNG Prices Is Actually Quite Good
Tuesday, September 12, 2017 ExxonMobil's deal to cut the price of LNG supplied under long-term contract to an Indian buyer has largely been viewed as a bad outcome for producers of the super-chilled fuel.

ExxonMobil Slashes LNG Price To India In Bad Omen For Producers
Monday, September 11, 2017 India has won a price cut on a 20-year LNG deal with global giant ExxonMobil in a rare contract renegotiation.

India's Petronet To Form JV With Japan, Sri Lanka Firms For LNG Plant
Wednesday, September 06, 2017 Petronet LNG, will soon form a joint venture with Japanese and Sri Lankan companies to build a LNG terminal near Colombo.

India Invites Total to Boost Investment in Oil, Gas Projects - Minister
Friday, September 01, 2017 India has invited Total SA to invest in the country's oil and gas infrastructure, Oil Minister Dharmendra Pradhan said on Friday.

Thai PTTGC And Japanese Partners In $900MM Chemical Venture
Friday, August 25, 2017 Polyols is a key material for polyurethane, which is used in the automotive, electrical and electronics and construction sectors.

IOC: Malaysia's Petronas Eyeing Stake In Indian LNG Import Terminal
Wednesday, August 16, 2017 Petronas is looking to buy a stake in Indian Oil Corp's Ennore LNG import terminal, the Indian firm's chairman says.

India's Refiners Bet Big On Petrochemicals As Industry Reshapes
Friday, August 11, 2017 India's state oil refiners are planning a $35 billion push into petrochemicals

Minister: India Set To Unveil New Biofuel Policy In Bid To Cut Imports
Thursday, August 10, 2017 India will soon announce a new policy to promote biofuels as part of efforts by the world's third-largest emitter of greenhouse gases to cut imports of fossil fuels.

Pakistan's Skydiving PM Seen Soothing Military, Energy Fears
Wednesday, August 09, 2017 Family links to Pakistan's powerful military and a cabinet stint championing the use of LNG will probably help new prime minister Shahid Khaqan Abbasi navigate thorny relations.

Fluor Wins Malaysia Isononanol Plant Contract
Monday, August 07, 2017 The chemical building block isononanol is used in plasticizers for automotive and building applications.

Indian Oil Plans $2.4B Expansion Of Gujarat Refinery
Friday, August 04, 2017 Indian Oil Corp will spend $2.4 billion to increase capacity at its refinery in western India by about a third .

Indian Oil Corp Aims To Source A Tenth Of Oil Needs From Own Assets
Wednesday, August 02, 2017 Indian Oil Corp wants to supply at least 10% of its expanding refining capacity from its own oil and gas assets in the medium term.

Pakistan Oil, Gas Regulator Says 50% Of Fuel Tankers Fail Safety Standards
Thursday, July 27, 2017 Pakistan's oil and gas regulator says that nearly 50% of fuel tankers in the country do not meet safety requirements.

India Refiner HPCL Sees More Scope For Foreign Buys After ONGC Deal
Thursday, July 20, 2017 Hindustan Petroleum sees itself better placed to buy overseas downstream assets once it becomes part of the country's top explorer Oil and Natural Gas Corp, its chairman M. K. Surana said.

India's Reliance Industries' 1Q Standalone Profit Up 9%, Tops Estimates
Thursday, July 20, 2017 Reliance Industries posts a 9% rise in first-quarter standalone profit, helped by higher margins from its core petrochemicals business.

India Approves Creation of State Oil Giant in $4.6 Billion Deal
Wednesday, July 19, 2017 India approves the sale of a $4.6B stake in refiner Hindustan Petroleum Corp. to the country's biggest oil and gas explorer, according to a person with knowledge.

Vietnam's Nghi Son Refinery to Import Its First Kuwaiti Crude Cargo
Tuesday, July 18, 2017 The 200,000 bpd plant will process Kuwaiti crude oil to produce LPG, gasoline, diesel, kerosene and jet fuel, mainly for the domestic markets.

Petronet Eyes 2019 Rescue for Nearly Idle $700 Million LNG Plant
Tuesday, July 18, 2017 The only LNG terminal in southern India reportedly is operating at about 10 percent of its 5 million-ton-a-year capacity.

India BPCL Makes Its First US Oil Purchase, Buys Mars, Poseidon
Monday, July 17, 2017 India's Bharat Petroleum Corp has made its first purchase of US oil, buying high sulphur crudes Mars and Poseidon in a tender, its head of refineries said.

Zhejiang Starts Construction Of China's First Private Oil Refinery Site
Monday, July 10, 2017 Zhejiang Petrochemical started construction of the first phase of its oil refining and petrochemical complex.

Bangladesh LNG Drive Likely To Hit Its Diesel, Fuel Oil Demand
Thursday, July 06, 2017 Bangladesh's plan to start importing LNG next year will likely dampen its demand for oil used in power generation.

Indian Refiners Tap Spot Crude Market To Feed Increased Capacity
Tuesday, July 04, 2017 Indian companies step up purchases of high-sulphur crude oil from the Middle East and Russia in the spot market to feed demand from expanded refining capacity.

LNG Price Row Between India, US Crimps Trump's Export Aims
Friday, June 30, 2017 India's biggest importer of U.S. LNG is trying to re-negotiate prices with the U.S. seller, sources said.

Trump Promotes a US Gas Trade With India That Already Exists
Tuesday, June 27, 2017 In promoting trade with India, President Trump suggested that the US is on the verge of signing long-term agreements to send natural gas to the Asian country.

India's 2017 Diesel Imports May Rise To Highest Since At Least 2011
Friday, June 16, 2017 India's diesel imports this year may rise to the highest since at least 2011.

India Minister: Saudi Aramco Seeks Exclusive Talks Over India Oil Refinery
Wednesday, June 14, 2017 Saudi Aramco wants to enter into exclusive talks with India to buy a stake in the planned 1.2 million barrels per day refinery.

India's Torrent Power Seeks 36 LNG Cargoes Over Three-Year Period
Friday, June 09, 2017 India's Torrent Power invites suppliers to fill its demand for 36 LNG across a three-year period.

India's Mahindra to Build Long-range Electric Vehicles
Wednesday, May 24, 2017 Indian automaker Mahindra & Mahindra seeks to boost green car sales, senior company executives said on Wednesday.

India Moving Beyond Oil As Seeks Alternatives to OPEC
Monday, May 22, 2017 India's petroleum and natural gas minister made the comments in Vienna ahead of OPEC's meeting this Thursday.

Malaysia's Sarawak State Govt Seeks 10 Pct Stake in LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government said it is negotiating with Petronas to acquire a 10 percent equity stake in an LNG production facility.

Coal to Be India's Energy Mainstay for Next 30 Years: Policy Paper
Tuesday, May 16, 2017 India aims to generate 175 gigawatts of electricity through renewables by 2022 and boost natural gas to 15 percent of its energy needs, from 6.5 percent currently.

Puma Energy Asia Sun Aims to Distribute Petroleum in Myanmar
Tuesday, May 16, 2017 Myanmar's fuel demand is rapidly rising and the country is fast becoming a key importer in the Southeast Asia region.

Malaysia's Petronas Chemicals Posts Higher Profit
Monday, May 15, 2017 "Petrochemical product prices have risen in tandem and demand has also shown some improvement," CEO Sazali Hamzah said in a statement.

India BPCL Revises Naphtha Export Pricing, Adds Argus Quotes
Friday, May 12, 2017 India's state-run Bharat Petroleum Corp Ltd is revising the formula it uses to price naphtha exports.

Kemp: India's Gasoline Boom Stalls
Friday, May 12, 2017 India's gasoline consumption has flattened out in recent months after tremendous growth between 2014 and 2016.

Malaysia's Petronas Targets New Markets for LNG
Monday, May 08, 2017 Malaysian oil company Petronas is looking to tap new markets to sell LNG, including as fuel for ships, the head of its upstream operations told Reuters on Monday.

India's Top Refiner in Early Talks with Aramco for Downstream Project
Monday, May 08, 2017 India, the world's third biggest oil consumer, plans to build a 1.2 million bpd refinery to petrochemical project in the country's west coast to feed its growing fuel demand.

Petronas and Saudi Aramco Explore Petrochemicals Expansion in Malaysia
Monday, May 08, 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.

Oil Purchases by Top Indian Refiner Show Where Market Glut Bites
Monday, May 08, 2017 The global oil market glut is helping India's biggest crude processor become nimble.

Reliance Becomes First Customer for Its Own Coal-Bed Methane
Thursday, May 04, 2017 Reliance will use the entire initial daily volume of 400,000 cubic meters of gas from coal seams at the Sohagpur block in Madhya Pradesh state at three of its petrochemical plants.

Eni Wins 15-year Contract for LNG Supply in Pakistan
Tuesday, May 02, 2017 Italian oil company ENI said on Tuesday it had clinched a 15-year, 11 million-tonne LNG deal to supply state-run importer Pakistan LNG, ending months of wrangling over the cost of the supplies.

Thailand FEED Contract Goes to Amec Foster Wheeler
Wednesday, August 03, 2016 Amec Foster Wheeler on August 1 announced that it has won a front end engineering design (FEED) contract from Thai Oil Public Co. Ltd. for its Clean Fuels Project at the Sriracha Refinery in Thailand.

Small-scale LNG Holds Promise, Faces Hurdles in Asia Pacific
Monday, October 26, 2015 Changing market dynamics suggest good timing, but questions linger about costs, logistics.

It's Indian Summer for Indian Refineries
Friday, October 02, 2015 After facing significant volatility over the past decade, India's refiners are prospering and growing.

Italian-Thai to Develop $500 Mln LNG Terminal in Myanmar's Dawei
Friday, August 07, 2015 Thailand's leading construction firm Italian-Thai Development PCL said on Friday it was in talks with Myanmar authorities to build a $500 million liquefied natural gas (LNG) import terminal at Dawei industrial zone in southern Myanmar.