AsianOil - Asia Oil & Gas
Turkish refiner Tupras orders four tankers from Korea's Daehan, Samsung for $370mn
Company has also purchased a second-hand Aframax tanker undergoing work at a Chinese CSSC subsidiary for $90mn.
Bangladesh eyes fast LNG imports from neighbouring Myanmar
Bangladesh is looking to Myanmar for faster LNG supplies as a worsening gas shortage puts pressure on power generation and industry.
South Korea plans to start importing Argentine crude in 2027
South Korea plans to begin importing crude oil from Argentina in 2027 with initial purchases of about 880,000 barrels as Seoul seeks to diversify energy supplies away from the Middle East.
Indian state owned hydrocarbon company reports progress on mega project
ONGC accounts for the majority of India's domestic crude oil and natural gas output
Indonesia pivots crude imports toward African suppliers
Indonesia is diversifying its crude oil procurement to safeguard national strategic reserves
Norwegian Subsea7 secures $50mn–$150mn pipeline replacement contract from Brunei Shell Petroleum
Norwegian engineering company Subsea7 S.A. (OTCMKTS: SUBCY) has secured a major contract from Brunei Shell Petroleum (BSP)
Thai baht nears 15-month low as oil prices rise
The Thai baht has fallen to its weakest level in more than 15 months, pressured by higher oil prices, a stronger US dollar and elevated US Treasury yields.
Lao state fuel enterprise profit jumps 70% in 2025
Laos’ state-owned fuel company increased its profit by more than 70% in 2025 as it prepares for a possible stock market listing.
South Korea steps up naphtha supply planning as prices jump
International naphtha prices stood at $862 a tonne on July 31, up 2.6% from the previous day. Prices have risen 31.2%, or $205 a tonne, over the past month and 60.5%, or $325 a tonne, since the start of the year.
Iran war nearly wipes out India's discount on Russian oil
Urals crude is now offered to Indian refiners at just $1-2 a barrel below Dated Brent, down from more than $10 in early July, as Hormuz risk pulls buyers back to Russian grades.
India rebuilds its crude stockpile on record Russian oil imports
India has quietly rebuilt its crude oil inventories in 2026 by leaning harder than ever on discounted Russian supply, with Russian crude accounting for around 55% of India's total imports in June.
India approves offshore energy exploration scheme
South Korea to start buying Argentine crude in 2027
The initial 880,000-barrel purchase is small, but Seoul says it could grow as Argentina's oil and gas production and export capacity expand.
Pakistan approves refinery policy amendments to modernise oil sector
Pakistan's Cabinet Committee on Energy has approved amendments to the Pakistan Oil Refining Policy 2023, paving the way for the modernisation of the country's existing oil refineries as part of a broader strategy to strengthen energy security.
Follow us online