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South Korean oil refiner S Oil Corp. launched its large scale Shaheen refinery integrated petrochemical plant project March 9, with construction of the world’s biggest naphtha fed steam cracker with t

Pakistan is keen to purchase cheap crude and discounted oil products from Russia as it grapples with high external debt and weak local currency, but hurdles such as high logistics costs and product sp

Asian upstream companies are rapidly stepping up efforts to play their part in addressing the tight global crude oil supply situation as countries across the region strive to ensure supply security am

Asian refiners are poised to conduct rigorous discussions and negotiations with major Middle Eastern crude producers in an effort to secure a steady inflow of Persian Gulf supplies on a longer term co

Energy security would be top priority for Asia and Europe over the next couple of years amid growing concerns over Russian gas supply cutoff and oil trade disruptions, setting the stage for unconventi

Vietnam has further cut taxes on transport fuels for the second half of 2022 and encouraged fuel traders to diversify their middle distillate import sources in an extended effort to help domestic cons

South Korea is on track to phase out Russian crude imports as domestic refiners boost US and Saudi purchases to meet high operation rates, leading the world’s fourth biggest crude importer to cut Apri

Thailand’s PTT Exploration and Production, or PTTEP, will provide almost all of its equity crude production from its Oman upstream projects to domestic refineries rather than trading the barrels in th

South Korea’s SK Innovation has acquired official qualifications to verify greenhouse gas emissions in accordance with Carbon Offsetting and Reduction Scheme for International Aviation, or CORSIA, set

South Korea finds competitive US crude highly attractive in times of surging benchmark oil prices, but Asia’s biggest US crude customer also aims to enhance its green energy practices by gradually inc

Asian refiners are broadly unfazed by the the Russia Ukraine conflict and Washington’s focus on sweeping financial sanctions on Moscow as Russian oil makes up only a small portion of many Asian countr

Asian refiners and trading companies that regularly buy Far East Russian crude oil were increasingly showing preference to take spot cargoes from non Russian equity holders in a way to reduce risk of

Crude oil futures have yet to break above the landmark $100/b price level, but Asian refiners and trading companies actively involved in the Southeast Asian and Australian spot crude trades will likel

South Korea’s dependence on Middle Eastern crude hit a 25 year low in 2021, latest data from state run Korea National Oil Corp. showed, reflecting the country’s growing interest in cheap and abundant

Major state run and private refiners across Asia are planning to trim their term crude oil purchases but conduct more spot market trades in 2022 in an effort to flexibly manage both global demand and

Malaysia’s state run upstream company Petronas is looking to enhance its carbon capture and storage capability through a close partnership with South Korea’s POSCO Engineering & construction, raising

South Korea will release 3.17 million barrels from its strategic petroleum reserves from next month, joining the US led drive to bring down international crude oil prices and tame consumer inflation,

South Korea is set to receive a record volume of Norwegian crude of close to 20 million barrels for the full year 2021 as major refiners extend efforts to reduce their carbon footprint from feedstock

The number of flights, both arriving at and departing from, South Korea’s Incheon International Airport could drop during December 2021 January 2022 as Seoul tightens travel restrictions amid fears ov

South Korean refiners cheered OPEC and its allies’ decision to continue raising output in January, but the crude importers aim to continue diversifying their supply sources by lowering their dependenc