Petroleum industry
China's state-owned enterprises directly financed by the central government demonstrated remarkable resilience and growth in the first quarter of 2023, driven by advancements in key sectors, improved energy efficiency, and increased research and development outcomes. The State-owned Assets Supervision and Administration Commission attributed the enterprises' sound performance
Petroleum industry
ICIS-LOR, the global market pricing and intelligence service for the oil and chemicals industry, has announced the launch of its IPEX World Petrochemical Price Index. This new index provides an authoritative, independent indicator of average change in world petrochemical prices, giving a concise overview of global trends dating back to
Petroleum industry
In response to the increased costs in the petrochemical industry due to the recent oil price surge, ICIS, the world's largest information provider for the global chemical industry, is launching training courses to educate beginners in petrochemicals. The courses, designed to provide clarity and focus on complex concepts,
Petroleum industry
Vietnam's export growth slowed in the first quarter of 2005, with a total value of almost US$1.45 billion, up 5.1 percent year-on-year. The country's crude oil exports were a major driver of this growth, with a total volume of almost 4.56 million
Petroleum industry
Sinopec Corp, China's largest producer and marketer of oil products, has undergone a leadership change with the appointment of Wang Tianpu as its new president. Wang Tianpu, born in 1962, brings over two decades of experience in the petrochemical industry to the role. As the new president, he
Petroleum industry
Moody's Investors Service has placed Reliance Industries on review for a possible upgrade, citing the company's improving operational fundamentals and strong contributions from petrochemicals and refining. The review comes as the company addresses ownership issues, which Moody's will consider as part of its assessment.
Petroleum industry
South Korea's benchmark stock price index, the Korea Composite Stock Price Index (KOSPI), is expected to more than double in the next three to four years, according to Goldman Sachs. The investment bank forecasts the KOSPI to reach a level of around 2,000, driven by investors'
Petroleum industry
The Government of Indonesia has received a grant from the Netherlands and intends to apply part of this grant for consulting services to improve the investment climate in Indonesia. The World Bank will hire and contract consultants to support the Government's program. The team will perform various tasks,
Petroleum industry
The Tariff Commission has proposed reducing the gas pipeline transportation charge by 45% to make clean fuel more affordable for the power, fertilizer, and transport sectors. The suggested tariff of Rs 657 per thousand cubic meters (MSCM) is lower than the current Rs 1191 per MSCM for the Hazira-Vijaipur-Jagdishpur (HVJ)
Petroleum industry
South Korea is on the verge of transforming its energy landscape by embracing a hydrogen-based economy, according to the Ministry of Commerce, Industry and Energy. The country aims to eliminate its reliance on fossil fuels for energy needs by 2030-40, reducing greenhouse gas emissions and aligning with the Kyoto Protocol&
Petroleum industry
The Philippine Department of Energy has awarded yet another petroleum service contract to Phil-Mal Petroenergy Corp. for oil and gas exploration in Southern Cebu, highlighting the growing momentum in the country's upstream petroleum industry. The seven-year contract, worth $2.15 million, will see Phil-Mal conduct geological and geophysical
Energy industries
A Canadian firm, Axor Group Inc, will invest $500 million to set up a 100 MW wind farm in Pakistan, enabling the country to make its entry into the league of Green Energy users. This investment marks a significant milestone in Pakistan's transition to renewable energy, with the
