Asian Refinery Restarts After Two-Year Hiatus

OilPrice.com | May 11, 2022 at 3:30 PM
  • 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.