Major infrastructure projects and extensive plans to galvanise residential construction have fuelled demand for building materials in Saudi Arabia, prompting the government to intervene in the cement market for the second time in as many ...
Tags: Cement, Construction, Decoration
PetroChina has received Chinese and Australian federal government approval to acquire from ConocoPhillips a 29% stake, valued at around A$32 million ($29 million), in a shale gas joint venture in Western Australia's Southern Canning Basin, ...
Tags: Chemicals, Metallurgy, Mineral, Energy, oil
China's new natural gas pricing mechanism will create two separate bands of prices across the country with an average difference of 42%, although over 90% of supply will still be priced at the lower level. The National Development and ...
Tags: Natural Gas, Chemicals
Mexico's PMI is set to export 1.4 million barrels of fuel oil in July from the country's Pacific Coast, a source familiar with the company's operations said Friday. The trading arm of state-owned oil and gas producer Pemex, PMI plans to ...
Thailand's PTT LNG, a subsidiary of state-owned oil and gas company PTT, is going ahead with plans to double capacity of its existing 5 million mt/year LNG import terminal despite severe under-utilization of the facility. "The government ...
Indonesia's state-owned oil and gas company Pertamina has signed sales and purchase agreements with PTT Polymer Marketing, a unit of Thailand's PTT Global Chemical, for polyethylene and polypropylene products, a Pertamina official said ...
Indonesia's state-owned oil and gas entity Pertamina has lined up gasoline term imports of 8.9 million-9.1 million barrels for May, down from total imports of 9.48 million-9.68 million barrels in April, trade sources said this week. Of ...
Saudi Arabian customs officials have foiled an attempt to smuggle 3.255 million kg (equivalent to 27,300 barrels) of refined oil products out of the eastern port of Dammam, capital of the kingdom's oil-rich Eastern Province, the official ...
Tags: Saudi Arabia, Foils, Oil Products
The time spread for gasoil swaps in Singapore narrowed 15 cents/barrel day on day to a seven-week low of plus 3 cents/b for April/May Wednesday, because of low regional gasoil demand and concerns over increased exports from China and India, ...
Tags: Chemicals, Metallurgy, Mineral, Energy
On March 1, Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) announced that 5,000 mt of its X80M thick pipeline steel plate have been delivered from Bayuquan port in Liaoning to Tianjin port, marking the completion of ...
Tags: Ansteel, pipeline steel, steelmaker
On February 4, Hebei Province-based Chinese steel producer Hebei Iron and Steel Group announced that it has won a tender to supply construction steel to Wudonghe Hydroelectric Power Station at Jinsha River, a project of the Chinese ...
Tags: Hebei Steel, steel producer, Steel
The newly appointed chairman of Indonesia's special taskforce for the upstream sector will focus on various issues during his tenure, among them increasing oil and gas production and boosting reserves, he told Platts Monday. Rudi ...
Tags: Indonesia, Skkmigas, Oil, Gas Production
BP signed a heads of agreement Wednesday with Indonesia's state-owned power utility Perusahaan Listrik Negara to supply 23.96 million mt of LNG over 20 years, starting 2013, Jero Wacik, the energy and mines minister who is also the head of ...
The Government of Indonesia wants the country to become net exporter of petrochemical goods by 2016 from its current status of net importer, and hence it is developing two new upstream petrochemical centres. Muara Enim in South ...
Tags: petrochemicals, petrochemical goods, petrochemical centres
The Securities and Exchange Commission (SEC) has rejected industry groups’ request to put on hold mandates that force companies operating in extractive industries to disclose payments made to foreign governments. Led by the American ...
Tags: SEC, extractive industries, Petroleum, Oil