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Start-up of Vietnam’s Nghi Son crude refinery delayed

SINGAPORE / Reuters The commercial start-up of Vietnam’s new $7.5 billion Nghi Son oil refinery will be delayed to 2018, from an initial expected start-up in the third quarter of this year, according to a notice on a government website. The 200,000 barrels-per-day (bpd) oil refinery is now planning to start commercial operations in the first quarter of 2018, according ...

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Trudeau details partial ban on North Pacific oil tankers

Bloomberg Days after a tight election made the Green Party a power-broker in Canada’s westernmost province, Justin Trudeau’s government is introducing a bill to ban crude oil tankers from using ports along the northern coast of British Columbia. The move, long signaled by Trudeau, is more political than of any immediate consequence. The area affected stretches from British Columbia’s border ...

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Surprise rupee rally a new worry for Indian tech giants

Bloomberg Just six months ago, Indian companies and policy makers were grappling with a record-low exchange rate. Now, the rupee’s unexpected rebound is causing fresh problems. While the currency’s 5.9 percent jump against the dollar so far this year will help tamp down inflation, it’s posing a challenge for the earnings of India’s exporters. For information technology and drug companies ...

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