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REFINERY NEWS ROUNDUP: Closures remain on the cards in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Closures remain on the cards in Asia-Pacific | Hellenic Shipping News Worldwide
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REFINERY NEWS ROUNDUP: India s gasoline use rises, falls elsewhere in Asia-Pacific

REFINERY NEWS ROUNDUP: India’s gasoline use rises, falls elsewhere in Asia-Pacific India’s consumption of gasoline in June saw the highest month-on-month increase in a year as a decline in COVID-19 cases and the easing of lockdown measures boosted driving activity. Some states, such as the western state of Maharashtra, eased restrictions early June. Indian gasoline demand totaled 2.41 million mt in June, up 21% from May, data from the Petroleum Planning and Analysis Cell showed. In May, gasoline demand hit a one-year low. However, a new wave of coronavirus infections in Indonesia has dented the demand outlook for Asian gasoline, with participants anticipating a further decline in import demand as driving activity slows. The country, moreover, has already expanded its strict lockdown measures, with Bali, Java and the heavily populated cities in Sumatra having been placed under a lockdown since early July.

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Petron Corporation (via Public) / Petron opens 2021 with P1 73 billion first quarter net income

Petron opens 2021 with P1.73 billion first quarter net income Petron Corporation s positive momentum continued well into the first quarter of 2021 as it reported a consolidated net income of P1.73 billion, a reversal of its P4.9 billion net loss in the same quarter last year and higher than its P1.2 billion net income in the fourth quarter of 2020. While Petron s total sales performance for the first three months continued to improve compared to the average of the last three quarters of 2020, it still reflected the demand destruction from the pandemic. First quarter volumes reached 19.38 million barrels, 21 percent lower than the 24.66 million barrels sold in the same period last year, while consolidated revenues decreased 20 percent to P83.3 billion from P104.62 billion a year ago.

Port dicksonNegeri sembilanLigtas lahatRamons angPetron corporationAuthority of the freeport area bataanSan miguel corporationPetron presidentPetron bataan refineryFreeport areaPort dickson refineryDiesel hydrotreaterMarine import facilityPetron malaysiaபோர்த் டிக்சன்ராமன்கள் அங்

Philippines Petron Malaysia confident business performance will improve, says chairman

KUALA LUMPUR, May 4 (Bernama): Petron Malaysia Refining & Marketing Bhd (Petron Malaysia) is confident that through the resilience of its operations, strong financial position and prudent risk management, the company’s business performance will improve as the country makes progress towards recovery. Chairman Ramon S. Ang said Malaysia’s economy is projected to gradually recover in 2021 as market confidence improves supported by the rollout of vaccines targeting the majority of the population. This increases our confidence in seeing significant improvements in the business environment which in tandem with our financial resilience, operational excellence, and brand-building efforts will make for a better and stronger year for the company, ” he said in Petron Malaysia’s 2020 annual report.

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Petron reports ₱1 73B net income for Q1 2021, sets ₱11B for capex

endIndex: Metro Manila (CNN Philippines, May 4) Petron Corporation says its positive momentum is continuing well into the first three months of 2021 as it reports higher earnings for the quarter. In a disclosure to the Philippine Stock Exchange on Monday, the firm reported a consolidated net income of ₱1.73 billion for the first quarter of 2021, surpassing the ₱1.2 billion recorded for the preceding quarter. “As a company, we are doing all that we can to create a safe and healthy work environment while ensuring that our recovery stays on track,” Petron president and chief executive officer Ramon Ang said in the disclosure statement.

Port dicksonNegeri sembilanMetro manilaPhilippines generalRamon angPetron corporationPhilippine stock exchange onAuthority of the freeport area bataanPhilippine stock exchangeFreeport areaPort dickson refineryDiesel hydrotreaterMarine import facilityPetron malaysiaபோர்த் டிக்சன்மெட்ரோ மணிலா