Downstream News

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$44B India Refinery Project At Risk
Tuesday, February 19, 2019 The completion of the refinery hinges on the outcome of an upcoming election.

India Refining Capacity to Grow Five-plus Percent Annually
Monday, January 21, 2019 Just three of India's refineries will account for more than one-quarter its refining capacity in 2023, states report.

Electric Rickshaws Taking Off in India
Friday, October 26, 2018 An electric vehicle revolution is gaining ground in India, and it has nothing to do with cars.

India Said to Nix Iranian Oil Imports
Tuesday, September 25, 2018 India is not planning to buy any crude oil from Iran in November, raising the prospect that Tehran will lose another major customer as U.S. sanctions hit.

GAIL India's Online Gas Portal To Boost Transparency
Tuesday, August 28, 2018 The launch of an online portal by GAIL would ensure transparency and permit companies to understand the infrastructure further, analysts say.

Malaysia's Mahathir Cancels China-backed Rail, Pipeline Projects
Tuesday, August 21, 2018 Malaysia's prime minister reportedly said on Tuesday that the Chinese-funded $20 billion East Coast Rail Link (ECRL) project and a natural gas pipeline project in Sabah will be cancelled for now.

Govt Data: Iran Becomes India's No. 2 Oil Supplier, Ahead Of Saudi
Monday, July 23, 2018 Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister says.

India Refiners Resume Fuel Price Hikes After State Election Ends
Monday, May 14, 2018 India state-run refiners resumed raising retail gasoline and diesel prices after a three-week hiatus that coincided with the run up to elections in a southern state.

India, Aramco To Partner On $44B Refinery-Petchem Project
Wednesday, April 11, 2018 Saudi Aramco signs an initial deal with a consortium of Indian refiners to build a $44 billion refinery and petrochemical project on India's west coast.

India's Oil Imports from Venezuela Hit Lowest in Over 5 Years
Tuesday, March 13, 2018 Indian imports of oil from Venezuela have fallen to their lowest levels in over half a decade, shipping and industry data shows.

India's Solar Financing May Have Peaked For Now at $10B in 2017
Tuesday, March 13, 2018 India's solar industry more than doubled its fund raising to $10 billion in 2017.

Pirates Free Oil Tanker With 22 Indian Crew In Gulf Of Guinea
Tuesday, February 06, 2018 Pirates free a ship carrying 22 Indian crew and 13,500 tonnes of gasoline on Tuesday.

India's Reliance Declares 30pct Higher Refinery Capacity at Export Plant
Wednesday, January 17, 2018 he new capacity is the equivalent of 704,000 bpd of crude processing.

India's GAIL Renegotiates LNG Deal With Gazprom
Tuesday, January 16, 2018 Gas utility GAIL (India) Ltd renegotiates the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom.

India's Modi Launches $6.8Bln Refinery In Desert State Of Rajasthan
Tuesday, January 16, 2018 Indian Prime Minister Narendra Modi launches the construction of a $6.8 billion refinery in the western state of Rajasthan.

India's 2017 Oil Demand Growth Posts Lowest Gain Since 2013
Thursday, January 11, 2018 Indian oil consumption in 2017 grew at its slowest in 4 years, according to government statistics.

India Wants GAIL To Focus On Building Gas Pipelines-Minister
Tuesday, January 09, 2018 India wants state-run utility GAIL (India) Ltd to focus on laying gas pipelines, following reports about government plans to spin off its marketing operations.

Indian Oil Refiners Issue Tenders Aimed At Boosting Domestic Shipping
Monday, December 04, 2017 Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least 5 years while giving preference to Indian companies, tender documents reviewed by Reuters showed.

Refinery Head: India MRPL Makes Its First US Oil Purchase
Friday, December 01, 2017 Mangalore Refinery and Petrochemicals Ltd has made its first purchase of US crude oil.

Indian Oil Corp Studies Renewed Venezuelan Crude Purchases
Wednesday, November 22, 2017 Indian Oil Corp is considering buying Venezuelan crude for the first time in at least 6 years, in a move that could help the crisis-struck South American nation settle unpaid bills.

Venezuela's PDVSA To Tap Oil Customers To Pay $449MM To ONGC
Wednesday, November 15, 2017 PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 million owed to India's ONGC Videsh.

Indian Oil Aims For LNG Import Capacity Of 13.5 Million Tonnes In 5 Years
Friday, October 27, 2017 Indian Oil Corp Ltd aims to have capacity to import about 13.5 million tonnes of LNG in five years.

India HMEL May Halt Naphtha Exports From 2021/22
Wednesday, October 25, 2017 HMEL may halt naphtha exports from the 2021-22 fiscal year when it starts its $3.1 billion cracker.

Gunvor, Gas Natural Fenosa Submit Lowest Bids In Pakistan LNG Tender
Tuesday, October 24, 2017 Gunvor and Gas Natural Fenosa put in the lowest bids in a tender to supply Pakistan with LNG cargoes.

Kuwait's Al Arfaj Group Plans 600,000 Bpd Oil Refinery In India
Tuesday, October 24, 2017 Kuwait's Al Arfaj Group plans to build a refinery and a LNG terminal in the Indian coastal state of Andhra Pradesh.

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.