Monday, Mar 31, 2025

The World of Petroleum and Bitumen

The February issue of WPB Journal

The February Issue of WPB Journal

MAGAZINES

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Aramco in Talks to Invest in Indian Oil Refineries

Saudi Arabia’s state-owned oil company, Aramco, is in talks to invest in two planned refinery projects in India, according to multiple informed Ind...

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China’s New Regulations Against Foreign Sanctions Come Into Effect

Chinese Premier Li Qiang has signed an order to implement new regulations aimed at strengthening the country’s countermeasures against foreign sanc...

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China’s Gasoline Exports Plunge to Lowest Level in 12 Years

China’s gasoline exports in February fell to their lowest level since August 2012 due to reduced refinery production and lower profit margins.

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Chevron Paid Millions to Venezuela

Despite a license explicitly prohibiting payments to the Venezuelan government, the Biden administration secretly allowed Chevron to send hundreds of...

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How Would Russia’s Energy Trade Change if Sanctions Are Eased?

As negotiations continue to end the war in Ukraine, the potential easing of sanctions imposed on Russia—particularly in its vast energy sector—is...

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Trade War Becomes a Threat to Oil Demand

The International Energy Agency (IEA) has announced that global oil demand is under pressure due to the intensification of the trade war and the resu...

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How Far Has the Development of Iran’s Joint Oil Fields Progressed?

With substantial investments and the adoption of modern technologies, the development of the Azadegan, Yadavaran, Sepehr, and Jofeir oil fields in th...

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The Highest-Grossing Oil and Gas Companies of 2024

With continuous demand for oil and gas, the leading companies in this sector generate astronomical revenues and play a crucial role in shaping the gl...

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Construction of the Largest Municipal Wastewater Treatment Unit at Tehran Refinery

The CEO of Tehran Refinery announced that the largest industrial water treatment unit at Tehran Refinery is under construction.

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The Invention of a Fuel That Can Replace Fossil Fuels

The first e-methanol produced in Denmark has the potential to replace fossil fuels in heavy transport and aviation.

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U.S. LNG Imports to China Halted

China has not received a single liquefied natural gas (LNG) shipment from the United States in the past 40 days, and currently, no LNG carriers are o...

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Thailand’s Expanding Role in the Southeast Asian Bitumen Market

Thailand’s bitumen industry has been experiencing rapid expansion, driven by the country’s commitment to infrastructure development, increasing u...

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Thailand’s Asphalt Market: Growth, Trends, and Future Prospects

As of 2025, Thailand’s asphalt industry is valued at nearly $9 million, with an anticipated annual growth rate of 8.4% over the following six years...

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Iranian Oil Shipments to China Persist Despite Intensified U.S. Sanctions

The U.S. government has ramped up its pressure campaign against Iran’s oil exports under the Trump Administration, tightening sanctions in an effor...

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Oil Tanker and Cargo Ship Collide in North Sea, Causing Fires and Environmental Concerns

A serious maritime accident occurred on March 10, 2025, when an oil tanker, Stena Immaculate, and a cargo ship, Solong, collided 13 miles off the Lin...

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Debunking Three Common Misconceptions in Asphalt Pavement Design

Asphalt pavement design has long been subject to widely accepted yet unverified beliefs. By critically examining these notions through extensive rese...

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Turkmenistan Innovates in Bitumen Emulsion Production

ASHGABAT, Turkmenistan (MNTV) — A team of researchers at the International Scientific and Technological Park, operating under the Academy of Scienc...

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U.S. Set to Intensify Restrictions on Iranian Oil Trade

The Trump Administration is gearing up to enforce U.S. sanctions on Iran’s oil sector with greater rigor, U.S. Secretary of Energy Chris Wright sta...

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Vietnam Expands Bitumen Imports from the Middle East Due to Competitive Pricing

Vietnam significantly increased its bitumen imports from the Middle East last year, driven by more attractive pricing compared to shipments from Asia...

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U.S. Plans Heavy Tariffs on Chinese-Owned and Chinese-Made Ships

The U.S. government has introduced a new proposal that could impose substantial fees on cargo vessels either owned by Chinese firms or manufactured i...

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