Oil refining
Aster invests US$155 million to expand Singapore’s Bukom refinery capacity
The rejuvenation projects are targeted to be operational in 2026
Aster Chemicals invests US$125 million in mooring, pipeline works for Singapore refinery
[SINGAPORE] Singapore’s Aster Chemicals and Energy is investing US$125 million to upgrade its single buoy mooring and pipeline infrastructure near Bukom refinery, the company said on Tuesday (Sep 30).
China set to tackle petrochemicals overcapacity with overhaul
Beijing has flagged its intention in March to force plants to produce less transport fuels and more petrochemicals, as electrification rapidly undermines traditional energy usage
From rubber roots to risk management: Singapore’s 60-year mastery of global trades
Today, the Republic acts as a central node for price discovery in key commodities, housing almost 400 international players
China’s overcapacity drive faces stubborn oil-refiner revival
The issue is particularly pertinent to oil refining as the sector grapples with a likely peak in the country’s petrol demand due to the uptake of electric vehicles and slowing diesel growth
After petrol, China’s oil refiners face a jet fuel glut
Beijing has urged a shift towards making more petrochemical products, including ethylene, a key building block for many plastics, but that has done little to ease the financial pain
Chevron seeks buyers for 50% stake in Singapore refinery: sources
The US oil major is also gauging interest to sell other Asia assets
Saudi Aramco looks to invest in Indian refineries
India wants to become a global refining hub as Western companies cut crude processing capacity in their shift to cleaner fuels
Asian oil refiners mull run cuts, closures as crude costs soar
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of Asia to consider cutting run rates, according to traders.
China oil refineries face reckoning as Beijing tackles overcapacity
CHINA’S independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer.
