AsianOil - Asia Oil & Gas
Uzma lands Valeura deal for Gulf of Thailand project
Malaysia-based energy industry services firm Uzma has landed a contract with oil firm Valeura Energy through its subsidiary MMSVS in Thailand. The contract, spanning three years, involves the provision of coil tubing equipment and services.
Hyundai bags LPG carrier order from UK-based shipping firm
Korean industrial heavyweight Hyundai have bagged an order placed by the UK-based shipping firm Purus Marine for four medium-sized LPG carriers. Reports indicate that all of the 45,000 cubic metre capacity carriers will be ammonia-ready at delivery.
Korea Maritime Industries seeks to block foreign sale of Hyundai LNG Shipping
The proposed sale of South Korea’s Hyundai LNG Shipping to a foreign company has sparked concerns among South Korea’s maritime industry over the nation’s energy security.
Pakistan and India looking for ways to pay for Russian oil
After having placed an order for a single cargo of Russian oil, Pakistan is looking to close long-term deals for sanctioned crude payable in Chinese yuan through a direct currency swap arrangement with China.
Pakistanis turn to Iranian diesel in face of record inflation
Pakistan’s failing economy and record high inflation have prompted Pakistani drivers to turn to smuggled Iranian diesel, which is selling at a discount to that produced by Pakistan’s refineries.
China's imports from Russia soar on booming oil purchases
China's imports from Russia have increased significantly faster than its exports to its Northern neighbour since February 2022, resulting in China's trade deficit with Russia reaching an all-time high of over $35bn.
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