Gulf News reported that the recently issued World Oil Outlook report by OPEC comes at a time when the oil refining industry is passing through many changes around the world. While the refinery distillation capacity is stagnant in the US, ...
Tags: OPEC, oil refining industry, refinery
International Petroleum Investment Co., owned by the Abu Dhabi government, is planning to construct 70,000 barrels per day naphtha cracker facility in the Emirate, Salem Kelil, technical adviser to the government, said while speaking at a ...
The US$ 800 million naphtha cracking plant, being set up by the Philippines based JG Summit Holdings Inc., would become operational in November 2013. Mr. Bach Johann Sebastian, chief strategist of the Philippine investment holding ...
Tags: JG Summit's, naphtha cracker, Nov'13
Korea Petrochemical Industry Company (KPIC) is operating its Onsan naphtha cracker at full capacity rates, a company official said. Refuting media reports which mentioned that KPIC had reduced the operating rates to 75 percent, the ...
Tags: Korea, KPIC, Naphtha Cracker, Capacity Rates
South Korea's largest ethylene producer, Yeochun Naphtha Cracking Center, said Thursday its net profit dropped 40% year on year to Won 144.7 billion ($133.5 million) for the first nine months of the year, compared with Won 241.3 billion a ...
Tags: ethylene producer, Naphtha Cracking Center, Operating profit, profit
Reuters reports that LUKoil,Russian's biggest non-state oil producer,which is believed to be considering buying ExxonMobil's stake in the West Qurna-1 oil field,has bought oil from Kurdistan in defiance of Baghdad. Baghdad has long ...
Tags: LUKoil, ExxonMobil, oil producer, Kurdistan
The Asian mixed xylenes inventory in East China fell to 20,000 mt,a 44-month low Friday,Platts data showed. The inventory fell by 2,800 mt,or 12.3%,from a week earlier--the lowest level since March 15,2009,the data showed. The fall is ...
Tags: mixed xylenes inventory, Platts data, South Korea's Daesan port
US steam cracker margins showed minor increase against lower feedstock costs in a shortened holiday week,as US markets were closed for celebration of the Thanksgiving holiday. Platts'close of assessment for the week was at 12:30 p.m.CST ...
Tags: steam cracker margins, Ethane-based ethylene margins, data, price
Taipei, Nov. 15, 2012 (CENS)--Eighteen companies, including China Petrochemical Development Corp. and Kuokuang Petrochemical, will sign a letter of intent for investments with Taiwan International Ports Corp. tomorrow (Nov. 16) for ...
Tags: high value added products, Taiwan, Taiwan economy, Petrochemical Firms
BRASKEM announces its results for the third quarter of 2012. Braskem ended the third quarter of 2012 with EBITDA of R$930 million, which increased 10% from the previous quarter and remained virtually stable compared to the same period of ...
Tags: Braskem, naphtha, resins, petrochemical products, thermoplastic resins
Even in the midst of rising demand from China's ethylene sector, naphtha's contribution to the sector's overall feedstock mix is expected to fall over the next three years, Shu Zhaoxia, Chief Analyst for Chemicals at state-owned refiner ...
Korea Petrochemical Company (KPIC) refuted reports in a section of the media about its naphtha cracker running at reduced capacity rates. Speaking to Fibre2fashion, a KPIC official said, "The naphtha cracker is currently operating at full ...
Tags: Capacity Rates, Korea, KPIC, naphtha cracker
After a delay of around 13 days, a naphtha cracker owned by Japan-based JX Nippon Oil & Energy which underwent a turnaround, has restarted. A JX Nippon company official informed fibre2fashion that the cracker which was shutdown for ...
Tags: JX Nippon, cracker, shutdown for maintenance, technical problems
Siam Cement, a barometer of Thailand s corporate health, posted April-June net profit of 4.28 billion Thai baht ($135 million), down from 7.49 billion baht a year earlier. Eleven analysts polled by Reuters had forecast an average net profit ...
Tags: market view, cement
Asia's naphtha price continued near a 10-month high, on Wednesday, while cracks recovered to a five-session high on firm demand, as per Reuters. Asia's No. 1 naphtha buyer Formosa, seeking H1-April cargoes, is believed to have concluded a ...
Tags: Naphtha prices