Korea to enforce naphtha export restriction starting Friday: Finance minister Korea will restrict naphtha exports starting Friday as the Iran war squeezes supply and rattles domestic industries, the government said Thursday.

#Korea will restrict #naphtha exports starting Friday as the Iran war squeezes supply and rattles domestic industries.

koreajoongangdaily.joins.com/news/2026-03...

Naphtha Shortage Looms as Hormuz Blockade Hits Korea As the U.S.–Israel–Iran conflict drags on and the Strait of Hormuz blockade stretches into its second week, disruptions in the supply of naphtha — often called

Industry officials warn that prolonged shortages could force widespread production cuts and even plant shutdowns, raising fears that the shock may eventually spread to downstream manufacturing industries if the war becomes protracted.
#US #Israel #Iran #war #Hormuz #Naphtha #itchosun #SouthKorea

Middle East war sends shockwaves through Asian plastics market Industry participants are already hurting by way of feedstock markets, particularly naphtha and liquefied petroleum gas, which combine to underpin much of Asia’s plastics production.

Industry participants are already hurting by way of feedstock markets, particularly naphtha and liquefied petroleum gas, which combine to underpin much of Asia’s plastics production. Bne IntelliNews #MiddleEastWar #PlasticsMarket #AsianEconomy #Feedstock #Naphtha

https://www.fpcc.com.tw/en/news/articles/2/89

Formosa Petrochemical responds:

"Due to global market conditions, most bidding suppliers have delivered 🇷🇺 #naphtha.

This is purely the result of market circumstances, not a deliberate shift in procurement strategy.

Should the 🇹🇼 government issue a ban in the future, the Company will fully comply."

Official response by the #Taiwanese foreign ministry:

"Imports of #naphtha raised in media reports are not currently controlled by #Taiwan. However, Taiwan's state-owned enterprises stopped purchasing #Russian crude oil, naphtha, and other related products in 2023."

en.mofa.gov.tw/News_Content...

Novatek to cut naphtha exports after drone attack at Ust-Luga Russian energy company Novatek will reduce naphtha exports and could resume shipments of stable gas condensate to international markets due to a fire at its com

#Novatek Export #Naphtha reduced from #UstLuga #Russia after #Ukraine #Drone attacks

#Baird #BairdMaritime #Reuters

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www.bairdmaritime.com/shipping/por...

Kuwait produces, exports record oil products in 2024 | Latest Market News Kuwait's oil product output and exports reached record highs in 2024, driven by the full ramp-up of the 615,000 b/d al-Zour refinery.

Kuwait produces, exports record oil products in 2024 www.argusmedia.com/en/news-and-... #refinery #production #gasoline #jet #kerosine #gasoil #naphtha #diesel #energy