Latest News

Latest News
2018

Elite Petrochemical Launches First Private-Sector LPG Project In Myanmar

May 31, 2018

TankTerminals.com [Myanmar Times] - Elite Petrochemical Co launched its Liquefied Petroleum Gas (LPG) Terminal and Port Facility at the Thilawa Special Economic Zone on Saturday. The terminal is the first private sector-led LPG investment open for business in the country. The terminal was developed under a Build, Operate and Transfer (BOT) agreement across 49 acres of land in Thilawa after receiving approval from the Myanmar Investment Commission and on recommen... Read More

Malaysia says concludes talks with Saudi Aramco over Rapid investment

Mar 21, 2018

The Business Times [KUALA LUMPUR] Malaysia has completed talks with Saudi Aramco over the oil giant's planned US$7 billion investment in Petronas' Refinery and Petrochemical Integrated Development (Rapid) project, said the minister in the prime minister's department, Abdul Rahman Dahlan. Aramco's investment will come in by the end of the month, minister Abdul Rahman said on Tuesday at the OTC Asia conference. Saudi Aramco agreed last February to buy a US$7 bill... Read More

Aramco eyes local IPO, may spike overseas listing: report

Mar 21, 2018

The Business Times [NEW YORK] Saudi Arabia plans to sell shares of Saudi Aramco on a local exchange and may scuttle entirely an earlier plan for an overseas listing, The Wall Street Journal reported Monday. Aramco had previously discussed an initial public offering in the latter half of 2018 and had been eyeing a listing on New York or another international exchange. However, the oil giant is now contemplating listing on a domestic stock exchange, viewing the l... Read More

Petronas plans to upgrade Kerteh refinery by 2022

Mar 15, 2018

The Business Times [SINGAPORE] Malaysia's state-owned Petronas plans to upgrade its refinery in Kerteh, Terengganu, by 2022 to produce higher quality fuels and expand the crude types it processes beyond Tapis, a company executive said. Production of light sweet Tapis crude, once Malaysia's flagship grade, is declining, so the Kerteh refinery is looking to switch to other grades such as medium-sweet Kimanis, Petronas Penapisan (Terengganu) Managing Director and C... Read More

PCS opens US$80m naphtha import facilities on Jurong Island

Mar 15, 2018

The Business Times PETROCHEMICAL Corporation of Singapore (PCS) on Wednesday marked the official opening of its US$80 million naphtha import facilities on Jurong Island, a project first announced two years ago in 2016. PCS's newest installation includes eight storage tanks totalling some 240,000 cubic metres of capacity, a 120,000 deadweight tonnage (DWT) liquid berth capable of handling large vessels transporting naphtha and associated facilities. In previous ... Read More