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Chemicals Commodity Chemicals

  • MANILA, April 19- Nickel surged more than 9 percent on Thursday to its strongest level since late 2014 on fears U.S. sanctions on major Russian aluminium producer Rusal may be broadened and could hit key Russian nickel supplier Nornickel. The metal, used to make stainless steel, was up 7.3 percent at $16,395 by 0702 GMT. And pretty clearly the U.S. has Russia in its...

  • *India's jet fuel demand to climb over 10 pct this year- analysts. That rapid growth in appetite for aviation fuel means the country's refiners are far less likely to send cargoes abroad, tightening markets from Asia to Europe. Years of breakneck economic expansion have helped India become the world's fastest growing major domestic aviation market, according...

  • DUBAI/ NEW DELHI, April 11- Abu Dhabi National Oil Co is in talks with several partners, including Saudi Aramco, for possible downstream joint ventures abroad, particularly in Asia, industry sources with knowledge of the matter told Reuters. ADNOC wants to expand its downstream portfolio in markets where demand for oil is still growing, such as China and India,...

  • *India state refiners, Aramco sign MoU on refinery project. *Saudi Aramco also looking to invest in India retail fuel sector. Top executives of Aramco and India's Ratnagiri Refinery& Petrochemicals- a joint venture of Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp- signed a memorandum of understanding to take equal stakes in the project in...

  • BEIJING, April 11- Sinopec Corp will shut down its largest refinery for maintenance throughout May, and at least four independent oil plants have started overhauls this month, curbing China's crude oil demand. The news comes after Sinopec, China's largest state refiner, announced big cuts in its Saudi oil imports. Sinopec's 460,000 barrels-per-day Zhenhai...

  • *India state refiners, Aramco sign MoU on refinery project. *Saudi Aramco also looking to invest in India retail fuel sector. Top executives of Saudi Aramco and India's Ratnagiri Refinery& Petrochemicals- a joint venture of Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp- signed a memorandum of understanding to take equal stakes in the...

  • PETROCHEMICALS TO BE 30 PCT OF PLANNED 60 MLN TONNES PER YEAR OF CAPACITY AT PLANNED WEST COAST COMPLEXT- FALIH.

  • PARIS, April 10- French oil and gas major Total on Tuesday signed a $5 billion deal with Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery. The memorandum of understanding was signed on the sidelines of a visit by Saudi Crown Prince Mohammed bin Salman in Paris. "The project will represent an investment...

  • CHEYENNE, Wyo.— A $20 million international competition to make profitable products from a gas that otherwise would contribute to global warming has entered its final stretch. The finalists announced Monday— from India, China, Scotland, Canada and the U.S.— will collect $5 million in prize money, or $500,000 apiece. But the competition is more about inspiring than...

  • HOUSTON, April 8- Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. Aramco's Chief Executive Amin Nasser signed memoranda of understanding worth $8 billion- $10 billion with Honeywell UOP and Technip FMC to study petrochemical...

  • HOUSTON, April 6- Saudi Arabia's national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in Texas, according to sources familiar with the company's U.S. operations. Saudi Aramco has been weighing an expansion of its U.S. subsidiary Motiva Enterprises LLC's Port Arthur, Texas refinery,...

  • BEIJING, April 4- Chinese importers expecting cargoes of U.S. commodities from beef to propane said they hope to sell the goods to South Korea or Japan after Beijing's decision to slap extra tariffs on a swathe of items from agricultural products to chemicals. Traders of soybeans, of which China is the largest importer, said they were bracing for mass...

  • SINGAPORE/ BEIJING, March 30- China's Fuhaichuang, formerly known as Dragon Aromatics, plans to restart its refining-petrochemical complex in eastern Fujian as early as June after halting operations for three years, four sources with knowledge of the matter said on Thursday. The re-opening of one of China's biggest petrochemical plants will add to demand for...

  • SINGAPORE/ BEIJING, March 30- China's Fuhaichuang, formerly known as Dragon Aromatics, plans to restart its refining-petrochemical complex in eastern Fujian as early as June after halting operations for three years, four sources with knowledge of the matter said on Thursday. The re-opening of one of China's biggest petrochemical plants will add to demand for...

  • DUBAI, March 28- Saudi Aramco finalised a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad to invest in a refinery project off Malaysia. Saudi oil giant Aramco agreed in February last year to buy a $7 billion stake in Petronas's Petrochemical Integrated Development project, but the issue was then delayed by "technical issues".

  • DUBAI, March 28- Saudi Aramco finalized a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad to invest in a refinery project off Malaysia. Saudi oil giant Aramco agreed in February last year to buy a $7 billion stake in Petronas's Petrochemical Integrated Development project, but the issue was then delayed by "technical issues."

  • *China set 2020 target for nationwide 10 pct biofuel use. The country's top independent refiner Dongming Petrochemical Group, based in Heze in the eastern province of Shandong, has received permits from the Ministry of Commerce to begin E10 blending, said three company sources familiar with the matter. Shandong Wonfull Petrochemical Group, based in the city of...

  • HOUSTON, March 9- Motiva Enterprises' new Chief Executive Officer Brian Coffman said on Friday that no decision has been made on how to spend $18 billion corporate parent Saudi Aramco has pledged for expansion. Aramco said in May 2017 it wanted to spend $18 billion in the next five years and was interested in adding petrochemical production capacity.

  • Higher construction costs could slow growth in production and exports of crude and natural gas from shale that has made the United States the world's largest gas producer and second largest oil producer. Companies including Exxon Mobil Corp, Kinder Morgan Inc and others have outlined tens of billions of dollars of new steel-intensive petrochemical and...

  • March 6- State oil giant Abu Dhabi National Oil Co plans to build the world's largest integrated refining and chemical site in Ruwais, United Arab Emirates, ADNOC's chief executive officer said on Tuesday. Speaking at the CERAWeek conference in Houston, Sultan al-Jaber, head of ADNOC, said downstream investments like refining and chemicals represent the...