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Bouncing back from losses, Japan's refiners face pandemic stress again

Japan's major oil refiners have recovered from last year's steep losses with all reporting a profit for the April-June quarter, but they continue to face headwinds as COVID-19 cases spiral to record highs in the country's fifth wave of the pandemic. ....

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Bouncing back from losses, Japan's refiners face pandemic stress again | WSAU News/Talk 550 AM · 99.9 FM

By Aaron Sheldrick TOKYO (Reuters) - Japan's major oil refiners have recovered from last year's steep losses with all reporting a profit for the April. ....

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REFINERY NEWS ROUNDUP: China's Zhejiang to raise capacity by 2025; Japan's runs down on earthquake

REFINERY NEWS ROUNDUP: China’s Zhejiang to raise capacity by 2025; Japan’s runs down on earthquake
China’s Zhejiang province in the eastern coast aims to have 90 million mt/year refining capacity by 2025 from 51 million mt/year in 2019, suggesting that Zhejiang Petroleum & Chemical’s phase 3 project is unlikely to launch within the 14th Five Year Plan 2021-25, market sources and analysts told S&P Global Platts.
The province’s energy regulator Zhejiang Development and Reform Commission published a draft plan for public comment, which include plans to expand refining capacity, speed up construction of oil pipelines and additional storage capacity for energy security, as well as significantly boost fuel bunkering volume at its pilot free trade zone. ....

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