Archive | April, 2008

INDIA: IOC plans big refining expansion

(EnergyAsia, April 30, Wednesday) — Indian Oil Corporation (IOC) plans to boost its 47 million tonnes of refining capacity to 80 million tonnes per year by 2012 in a bid to make India a leading oil refining hub in the world. IOC’s projects include a large petrochemicals complex at Panipat in the northern state of […]

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INDIA: Reliance aims to expand oil storage capacity

(EnergyAsia, April 30, Wednesday) — India’s Reliance Industries is seeking to acquire or invest in oil storage terminals in key locations around the world as it embarks on a more aggressive global trading strategy. This will take into account the start-up of its new 580,000 b/d export refinery at Jamnagar in India’s western Gujarat state […]

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JAPAN: Nippon Oil to convert refinery to oil terminal

(EnergyAsia, April 30, Wednesday) — Nippon Oil, Japan’s biggest oil refiner, plans to convert its majority-owned Toyama refinery into an oil storage terminal facility from next March. The move comes amid declining oil demand in Japan, the world’s third-biggest consumer of oil. The 60,000 b/d Toyama refinery in northern Japan is operated by Nihonkai Oil, […]

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VIETNAM: Partners sign up for 200,000 b/d Nghi Son refinery project

(EnergyAsia, April 30, Wednesday) — PetroVietnam has signed a joint venture deal with Japanese and Kuwaiti partners for a $6 billion oil refinery-petrochemicals complex in Nghi Son in Thanh Hoa province.  PetroVietnam will be teaming up with Kuwait Petroleum International (KPI), and Japan’s Idemitsu Kosan and Mitsui Chemicals to build the plant located south of […]

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AUSTRALIA: Citing rising fuel costs, Qantas raise ticket prices by 3% to 3.5%

(EnergyAsia, April 30, Wednesday) — Citing the threat of rising fuel costs, Australia’s Qantas airlines said it will suspend share buybacks and raise air fares from May 9 to maintain profitability. Domestic fares will increase by approximately 3.5% while international fares will rise by around 3% for all Qantas and QantasLink routes across all classes. […]

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INDIA: Hong Kong’s CLP Power invest Rs5 billion in Jamnagar wind power plant

(EnergyAsia, April 30, Wednesday) — The power plant of Hong Kong-based’s CLP-owned Samana Wind Farm was recently inaugurated by the Chief Minister of India’s Guarant state, Narendra Modi at a reception attended by Energy Minister Shri Saurabh Patel and Minister for Water and Irrigation Shri Nitin Patel. CLP India will invest Rs5 billion in the […]

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