Saudi crude to China to surge in May after price fall, sources saySaudi Arabia is set to significantly increase its crude oil supply to China in May, reaching approximately 48 million barrels, a notable ri...
11 Apr, 2025, 09.22 AM IST
A glut of made-in-China plastic will dent oil’s growth machineChina's investment in the petrochemicals industry is leading to excess capacity and falling profit margins for the industry as a whole, as ...
09 Jul, 2023, 07.39 AM IST
Saudi Aramco to invest in $7 bln petchem project in South KoreaThe construction of the complex, to produce up to 3.2 million tonnes per year (tpy) of petrochemicals, will begin in 2023 and be completed ...
17 Nov, 2022, 07.00 PM IST
Asia plastic makers frustrated by delay in China demand recoveryProfits from turning naphtha into ethylene, a petrochemical that’s the base for many plastic products, have dropped to $133 a ton from abov...
07 Jul, 2022, 09.43 AM IST
China considers buying stakes in Russian energy, commodity firmsThe discussions are at an early stage and won’t necessarily lead to a deal, the people said, requesting anonymity as the discussions aren’t...
08 Mar, 2022, 06.39 PM IST
Saudi Arabia expands share in China oil market, Russia lagsChina brought in 87.58 million tonnes of crude oil from the kingdom, or an equivalence of 1.75 million barrels-per-day (bpd), data from the...
20 Jan, 2022, 11.27 AM IST
Six reasons Asia's oil refiners aren't going away anytime soonThe speedy adoption of technologies such as electric vehicles is causing the biggest shock to the oil industry in half a century and naviga...
05 May, 2021, 09.13 AM IST
US adds Chinese chipmaker, oil giant to security blacklistThe U.S. government has stepped up a feud with Beijing over security by adding China's biggest processor chip maker and a state-owned oil g...
04 Dec, 2020, 10.54 AM IST
China’s commodities imports decline as seasonal slump weighsAmong major commodities, crude imports fell to a six-month low of 42.6 million tons as private refiners ran low on quotas and state firms t...
08 Nov, 2020, 01.52 PM IST
West Coast Refinery's complex to cost Rs 2.7 lakh crore: Dharmendra PradhanThe three firms on June 14 signed a joint venture agreement to form a company, West Coast Refinery and Petrochemical Ltd for implementation...
17 Jul, 2017, 02.32 PM IST
IOC, BPCL, HPCL sign agreement to set up $40 billion refineryIOC has been looking at West coast for a refinery as catering to customers in West and South was difficult with its refineries mostly in th...
14 Jun, 2017, 10.19 PM IST
India's would-be energy giant faces a big hurdle: ShareholdersThe object of India's envy is oil or very large energy gorillas. Beijing possesses three, and New Delhi none. So it wants to merge smaller ...
03 Mar, 2017, 06.44 PM IST
- Chinese oil firm completes acquisition of US shale gas blocks
China Petrochemical Corp. said it has completed the acquisition of one-third of the equity of Devon Energy Corp's five shale gas assets.
28 Apr, 2012, 03.33 PM IST
- India way behind China in securing fuel supplies
India faces an uneven contest to close the gap with China.
06 Jul, 2010, 12.37 AM IST
- ONGC may rope in strategic partner for Dahej petrochem unit
State-run Oil and Natural Gas Corp (ONGC) may rope in a strategic partner for its mega petrochemical plant before going for an initial publ...
09 Jun, 2010, 07.12 PM IST
- Sinopec buys Addax for $7.2 billion
China's Sinopec has agreed to purchase oil exploration firm Addax Petroleum for $7.2 billion in the largest ever Chinese offshore acquisiti...
24 Jun, 2009, 09.46 PM IST
- ONGC in 2nd round talks with 3 for selling 25% stake in OPaL
State-owned ONGC is talking to world's leading chemical firms, including Itochu Corp of Japan and the two UK-based companies -- Ineos and L...
16 Mar, 2009, 06.31 PM IST