LPG prices in South China surged Yuan 300-600/mt ($49-98/mt) this week as supply fell and demand increased, domestic traders said Friday. Imported LPG, with a propane and butane ratio of 80:20, was heard traded in the range of Yuan ...
Tags: LPG prices, propane
Russia's largest oil producer, Rosneft, and petrochemical company Sibur Friday reached an agreement under which the oil producer will sell its 49% stake in a gas processing joint venture to Sibur and guarantee supply of up to 10 billion ...
Tags: Rosneft, Gas, oil producer
China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...
Tags: Curbing Demand, Tax Change
National Container Group (NCG) has formed a joint venture (JV) with the acquisition of a 51% stake in the Iowa Falls facility owned by container recycling firm Tri-Rinse in Iowa, US. Tri-Rinse is engaged in the recycling of all types of ...
Tags: industrial packaging, Packaging
Axiall Corporation and Lotte Chemical of the Republic of Korea announced that they have signed a Heads of Agreement to pursue a 50/50 joint venture arrangement for the design, construction and operation of a proposed 1 million metric ...
Tags: Ethane Cracker, Textile
The US has temporarily lifted sanctions on 14 major Iranian petrochemical companies, following the implementation of the Joint Plan of Action (JPOA) on January 20. Iran and the P5+1 consisting of US, Russia, UK, France and China Plus ...
Tags: Petrochemical Export, Textile
The exports of petrochemicals from GCC countries of Bahrain, Saudi Arabia, Oman, Qatar, Kuwait and the UAE is expected to increase, once the Bali Package is ratified by the World Trade Organisation (WTO) General Council later this year, ...
Tags: Bali Package, Textile
Russia's gasoline and naphtha exports rose in January, as the cheaper ruble versus the US dollar made export netbacks more attractive, trading sources said. According to Energy Ministry figures, 384,370 mt of gasoline were exported in ...
Alfa Laval–a world leader in heat transfer,centrifugal separation and fluid handling–has won an order to supply Alfa Laval Packinox heat exchangers to an integrated refinery-petrochemical complex in the Middle East. The ...
Tags: Alfa Lavel Bags, Heat Exchangers, Exchangers
Argentine polymer and synthetic rubber output fell 4.6% in December compared with the year-ago period, state statistics office Indec said Friday. Production of the petrochemicals rose 0.6% in December compared with November, and was down ...
Tags: Argentina Polymer, Polymer, synthetic rubber
The price spread between Asian paraxylene and isomer-grade mixed xylenes on an FOB Korea basis narrowed $2/mt from Tuesday to a more than three-year low of $154.50/mt Wednesday, with MX staying relatively supported while PX and downstream ...
BEIJING, Jan. 23 (Xinhua) -- China will see a wider shortage of paraxylene (PX) supply in 2014, a research report warned on Thursday. The supply gap will be up to 9.5 million tonnes in 2014, said a report by the economics and technology ...
Tags: PX, Sinopec, Chemical, environment
In Q4 Unipetrol Group posted operational profit EBITDA LIFO of CZK 252m. Due to lower petrochemical and refinery production sales, as well as refining margins, revenues of the Company decreased by 5% y/y and in Q4 amounted at CZK 25.070 bn. ...
Tags: Unipetrol Group, Textile
Africa's biggest oil producer seeks balance between its profits and benefits in emerging markets such as China As Nigeria's government prepares to implement the Petroleum Industry Bill that will provide "long-term" investment prospects, ...
Tags: oil producer, Mineral
China saw a rise in crude oil imports from Kazakhstan last year via a transnational pipeline to Northwest China's Xinjiang Uygur Autonomous Region. Oil imports hit a record high of 11.85 million tons in 2013 through the China-Kazakhstan ...
Tags: Oil Imports, Mineral