Asia Headlines

Malaysia: Petronas Dagangan Targets 10% Increase in Sales

Petronas Dagangan has said that it aims to increase its sales by 10% to 5bn litres a year. The company said that it sold well over 4bn litres of fuel last year and that it intends to fuel the increase through an increase in sales at the pumps. “There are 74 stations in the pipeline this year, with half already set up,” said Akbar Md Thayoob, General Manager at the company’s retail business division.


Japan: JX Nippon Shuts Downstream Units After Recording False Health and Safety Logs

JX Nippon has shut its Mizushima B refinery in order to carry out maintenance and safety checks after it was discovered to have falsified the facility’s health and safety logs. JX, Japan’s number one refiner, announced that 18 of the 26 liquefied petroleum gas tanks at the site do not meet regulations around two weeks after the discovery. The company had falsified its records since 2000, a report by the Reuters news agency says. 


India: Government Yet to Release Compensation to Oil Majors

The government is yet to release a tranche of compensation that it promised to three of the country’s leading oil companies as it battles to juggle its promises of protecting the oil industry and reducing the country’s deficit. Bharat Petroleum, Indian Oil and Hindustan Petroleum were promised Rs 38,500 by the government two months ago to prevent them from declaring losses for the year.


Pakistan: Government Will Ban Local Diesel if Euro-2 Standards Not Met

The Pakistani government has said that it will stop the country’s refineries supplying to local retailers if they do not begin producing Euro-2 standard fuel within the next two years. The announcement follows a similar move made by the government on the car companies last year, which were also forced to upgrade their fuel standards.


Philippines: Eastern Petroleum Moving South

Eastern Petroleum Corp (EPC) has begun opening fuel service stations in the southern part of the country, a move Chairman and Chief Executive Fernando Martinez said would boost revenues in the second half of the year. Speaking to reporters, Martinez also revealed that the company plans to open new stations in Rizal, Laguna, Cavite, Palawan, Pangasinan, Cebu, Southern Leyte, South Cotabato, Sarangani, Agusan Del Norte and Surigao.

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