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Formosa Petrochemical
10 мая, 16:29

Kraton's (KRA) Modern HSBC Plant in Taiwan to Steer Growth

Kraton (KRA) announced the opening of a hydrogenated styrenic block copolymer (HSBC) plant in Mailiao, Taiwan. The state-of-the-art facility will boost the company's innovation-grade business.

29 марта, 21:02

UAE Slashes 200,000 Bpd From Daily Output In March

The United Arab Emirates cut daily crude oil production by nearly 200,000 barrels this month, in keeping with the country’s obligations under the OPEC market rebalancing agreement. The size of the cut came partly on the back of refinery maintenance season, Energy Minister Suhail al-Mazrouei said. Over the next two months, the UAE will cut another 278,000 bpd, demonstrating its compliance with its quota under the agreement. Abu Dhabi National Oil Company informed its clients yesterday that it will be selling less crude in May. The company…

28 марта, 20:42

Rystad Energy: Saudi Tax Cut Raises Aramco Value By $1 Trillion

Until yesterday, analysts were largely estimating the value of Saudi Aramco well below the Saudi claim that it is worth $2 trillion, but the Kingdom’s recent tax rate cut is making the oil giant more attractive to investors, and raises the valuation of its upstream portfolio by around $1 trillion, Rystad Energy said in a report on Tuesday. Saudi Arabia said on Monday that it is cutting the tax rate on Aramco to 50 percent from 85 percent with a royal order introducing a new tax regime for all hydrocarbon producers operating in the…

28 марта, 20:42

Armed Groups Suspend Production At Two Libyan Fields

Unnamed armed factions have blocked production at the Sharara and Wafa fields in western Libya, cutting the country’s total output by 252,000 bpd, Reuters reported today, citing a source from the National Oil Corporation. Sharara alone produced 220,000 bpd before the shutdown, accounting for a large chunk of Libya’s overall 700,000 bpd production. It started pumping oil after a two-year pause last December. Later this week, a tanker commissioned by Austria’s OMV is supposed to load 600,000 barrels of Sharara crude from the Zawyia…

28 марта, 02:56

Former Ukrainian Prime Minister Faces Russian Arrest Warrant

As the Russia versus Ukraine gas war continues, former Ukrainian Prime Minister Arseniy Yatsenyuk now faces a Russian arrest warrant in addition to the international arrest warrant that has been active against him since February 21st, according to reports on filings from a town in southern Russia. The Yessentuki court said it issued the warrant due to Yatsenyuk’s alleged participation in an armed group fighting against Russian troops in Chechnya in the 1990s. The Ukrainian government alerted the formal official of the warrant, according to…

28 марта, 02:39

Taiwan Purchases High Sulfur Crude Oil From Kurdish Sources

Taiwan has begun purchasing high sulfur crude oil from Kurdistan to replace grades out of production due to the Organization of Petroleum Exporting Countries’ (OPEC) recent output cuts, according to a new report by Reuters. Government-run CPC Corp purchased one million barrels of KBT from the Kurdish Regional Government (KRG) for the first time in 2017 Q2. In addition, Formosa Petrochemical Corp. bought crude of the same grade after a nine-month pause, according to company officials. Formosa is set to receive the cargo shipped through the…

Выбор редакции
04 сентября 2015, 22:43

Taiwan’s Formosa eyes Louisiana for grassroots ethylene project

Formosa Petrochemical Corp. (FPC), a member of Taiwan’s Formosa Group, is evaluating the possibility of building a $9.4-billion ethane cracking and petrochemical complex along on the west bank of the Mississippi River in St. James Parish, La., according to the Louisiana Economic Development (LED).