5.1b Ringgit To Oil Refinery In Malaysia

5.1b Ringgit To Oil Refinery In Malaysia

Hong Kong’s NewOcean Energy Holdings Limited said on Monday it planned to build a 5.1 billion ringgit (S$1.624 billion) petroleum refinery complex on Malaysia’s east coast along with two partners. NewOcean will partner Malaysia’s Kuantan Port Consortium Sdn Bhd and Malaysian east coast development body. This (refinery) will further strengthen the throughput’s that will go […]

China Slashes Crude Oil Refinery Output on Sluggish Prices

China Slashes Crude Oil Refinery Output on Sluggish Prices

China Slashes Crude Oil Refinery Output on Sluggish Prices $OIL, $SHI, $PTR China’s Crude Oil output fell 9.9% Y-Y in August, the biggest monthly fall since Y 2003 as refineries slashed production amid sluggish global Crude Oil prices, data from the National Bureau of Statistics showed Monday. Imports have trended upward after private refineries were […]