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    The Myanmar government begins planning for new refineries

    Myanmar’s Ministry of Electricity and Energy (MOEE) recently began the initial planning for new high-quality oil refineries in the country to satisfy anticipated domestic demand. July 9, 2020
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    Kuwait’s upcoming Al Zour refinery expected to be delayed again (1)

    Kuwait National Petroleum Company subsidiary KIPIC appears to be ready to further delay the startup of its long-delayed Al Zour refinery in Kuwait into 2021, despite being over 95% complete. July 9, 2020
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    BP exits the petrochemical business with a $5 billion sale to INEOS as a cost cutting measure (4)

    BP recently announced that it has agreed to sell its global petrochemical business to British chemical company INEOS for $5 billion to meet expected divestment targets. July 2, 2020
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    Sinopec plans to refocus production at its long running Anqing refinery

    Sinopec is reportedly expected to spend $1.5 billion dollars to redirect the production at the long running Anqing refinery towards a petrochemical upgrade plan for over 2 million tons per year (tpy). July 2, 2020
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    Sasol plans to refocus on chemicals and energy in West Africa

    Sasol of South Africa is planning to discontinue its oil growth activities in West Africa in favor of chemical and energy advancement. June 25, 2020
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    KBR plans to move away from LNG and energy construction in favor of government contracts and technology ventures

    It was reported on Tuesday that KBR of Houston is expected to exit most of its liquefied natural gas (LNG) construction and other energy projects to focus on government and technology businesses. June 25, 2020
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    Exxon delays expansion in Beaumont due to lower demand

    Exxon Mobil recently announced that its refinery expansion under construction in Beaumont, Texas would be delayed as the company seeks to curb spending during pandemic conditions. June 18, 2020
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    The future of Louisiana’s Driftwood LNG project unsure as MoU with Petronet expires

    A memorandum of understanding (MoU) between Tellurian of the United States and Petronet recently expired, causing uncertainty around the future of this project expected to be built near Lake Charles, Louisiana. June 18, 2020
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    Husky refinery rebuild in Wisconsin restarts construction after ceasing works in March

    Husky Energy of Alberta has recently begun returning construction crews to the company’s rebuilding project in Wisconsin after the COVID-19 pandemic precautions caused this reconstruction to be placed on hold.June 11, 2020
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    Pertamina and CPC move forward together on $8 billion dollar petrochemical plant in West Java

    Pertamina of Indonesia and CPC of Taiwan recently signed a head of agreement (HOA) for the development of a petrochemical complex to be constructed in Balongan, West Java, Indonesia with an estimated investment figure of $8 billion.June 11, 2020
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Business Trends: Asia and Europe join the feedstock evolution with steam crackers

From the April 2018 issue of Hydrocarbon Processing

 

 
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