CHINA: Beijing targeted by new U.S. laws to “protect” oil reserves

(EnergyAsia, January 29, 2023, Sunday) — With China in mind, the United States House of Representatives has passed two new laws this month that limit the President’s ability to release stockpiles from the nation’s Strategic Petroleum Reserves (SPR)....

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CHINA: Crude oil imports from Russia rising despite reduced refinery operations

(EnergyAsia, September 22, 2022, Thursday) — This commentary is from the U.S. Energy Information Administration. The resurgence of COVID-19 cases since March 2022 and China’s policy of localized mobility restrictions has recently reduced refinery activity in China. China’s refineries have been processing less crude oil so far this year than last year, and China has also...

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INDIA: IndianOil to expand crude oil storage capacity at Gujarat’s Mundra port

EnergyAsia, June 8, 2022, Wednesday) — Indian Oil Corp Limited (IOC) will build nine crude oil tanks with a combined storage capacity of 540 million litres (3.4 million barrels) at Mundra Port in India’s northwestern state of Gujarat....

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CHINA: CNPC secures more oil and gas from Russia as Ukraine war threat grows

(EnergyAsia, February 14, 2022, Monday) — Russia took the gold medal for deal-making at the Beijing Winter Olympics when it secured more than US$110 billion worth of oil and gas contracts with the games’ host last week….

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CHINA: Product exports fall on rising domestic oil demand, refining sector’s consolidation

(EnergyAsia, February 12, 2022, Saturday) — China’s oil products exports will likely decline in the medium term owing to an on-going consolidation of its refining sector and Beijing’s focus on meeting the needs of domestic consumers. There is also environmental pressure to curb the country’s carbon emissions….

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VIETNAM: Oil refineries could continue recovery into 2022

(EnergyAsia, January 11, 2022, Tuesday) — Vietnam’s two oil state-owned refineries are hopeful that the industry will continue to recover after surviving negative margins and falling demand since the outbreak of the Covid pandemic two years ago….

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NEW ZEALAND: Sole refinery could become import and storage terminal

(EnergyAsia, August 2, 2021, Monday) — New Zealand could become the first industrialised economy to be without an oil refinery when investors vote Friday August 6 to decide whether to convert the country’s only fuel-producing plant into an import and storage terminal….

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SRI LANKA: With China’s backing, Hambantota looks to expand oil storage and supply role

(EnergyAsia, July 19, 2021, Monday) — Sri Lanka is looking to expand its oil supply role in southern Asia as it continues to beef up the logistical infrastructure in and around the island country’s main port of Hambantota….

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INDONESIA: Oil storage projects could spur economic development of eastern provinces

(EnergyAsia, June 19, 2021, Saturday) — Indonesia is hoping to jumpstart the economy of two of its poorest provinces with the construction of oil storage tanks and a jetty in the country’s remote easternmost major port city of Sorong….

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INDONESIA: COVID-19, lack of foreign interest threaten $60 billion plan for refining sector

(EnergyAsia, April 29, 2021, Thursday) — Indonesia’s proposed US$60 billion plan to expand and upgrade its ageing oil refining sector is at risk of being held back by the lack of interest from foreign investors and the economy’s continuing uncertain outlook….

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