- An Asian refinery co-owned by Saudi oil giant Aramco has resumed crude processing for the first time since closing after a deadly fire in 2020, sources familiar with the operations told Reuters.
- After the restart, the refinery in Pengerang will initially process crude from storage, before taking in crude from Saudi Aramco.
- Still, the restart of a refinery would be welcome news for the tight global fuel markets, including in Asia, where countries except for China are easing COVID-related restrictions, including for tourism arrivals.
Asian Refinery Restarts After Two-Year Hiatus
