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ExxonMobil and SABIC Sign Agreement for Proposed U.S. Petrochemical Project
US >> 5/20/2017 - Affiliates of Exxon Mobil Corporation and SABIC (Saudi Basic Industries Corporation) signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and beg...
LyondellBasell Begins Construction of Hyperzone PE Plant at its La Porte Complex
US >> 5/15/2017 - LyondellBasell (LYB), one of the world's largest plastics, chemicals and refining companies, has broken ground on the first commercial Hyperzone polyethylene (PE) plant at its La Porte, Texas, complex...
Quay Construction for Kuwait-China Refinery Complex Underway
CN >> 5/17/2017 - The construction of a quay for a Kuwait-China refinery and petrochemical project in south China's Guangdong Province is scheduled to complete in September, the state-run China Daily reported. ...
ExxonMobil to Launch Service Stations and Fuels in Mexico
MX >> 5/17/2017 - ExxonMobil announced its plans to enter the Mexican fuels market in 2017 with Mobil-branded stations and its new signature line of advanced Synergy™ gasoline and diesel fuels. ...
Gazprom Neft Increases Direct Sales of Aviation Fuels by 3% in Q1 2017
RU >> 5/17/2017 - Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, has retained its leading position on the Russian market in terms of Q1 2017 direct sales, with the company making “wing-tip...
Gazprom Neft Hydraulic Fluids Become the First Russian Products to Be Approved
RU >> 5/16/2017 - Gazpromneft Lubricants — operator of the Gazprom Neft lubricants business — has secured official endorsement from Bosch Rexroth for its premium-class hydraulic oils produced under the Gazprom Neft bra...
China's Norinco & Saudi Aramco Line Up $10B Refinery Plan
CN >> 5/16/2017 - Chinese defence conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco to build a refinery and chemicals complex in northeast...
Iran Plans 70 Projects at Mahshahr PETZONE
IR >> 5/13/2017 - Iran is planning to absorb finances for construction of 70 petrochemical projects at Mahshahr Special Economic Petrochemical Zone (PETZONE) in the southwestern province of Khuzestan, PETZONE’s managin...
Iran Increase Oil Exports to South Korea by Over 63%
IR >> 5/16/2017 - South Korea considerably increased its crude oil imports from Iran in April as compared with the corresponding period in the last year. ...
Gazprom & RusGazDobycha Sign Memorandum of Intent
RU >> 5/5/2017 - Alexey Miller, Chairman of the Gazprom Management Committee, and Artem Obolensky, Director General of RusGazDobycha (a special-purpose company established by National Chemical Group), signed in St. Pe...
Refinery Margins - May 2017
Refinery Margins - May 2017 AT >> 5/15/2017 - The US market saw strong support from the rally in gasoline crack spreads. This was on the back of increasing domestic gasoline demand, which recovered following a slump during 1Q17. Another supporti...
ExxonMobil & SABIC Select San Patricio County for Proposed Petrochemical Project on U.S. Gulf Coast
US >> 4/19/2017 - ExxonMobil Chemical Company and SABIC each announced the selection of a site in San Patricio County, Texas for potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. ...
Product Markets and Refinery Operations - May 2017
AT >> 5/11/2017 - Product markets in the Atlantic Basin strengthened during April. This was supported by firmer domestic demand, amid higher export opportunities, which along with lower inflows due to heavy refinery ...
Shell Proposes Adding Russian Oil to Brent Benchmark
RU >> 5/10/2017 - Royal Dutch Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude benchmark from declining North Sea supply by including other grades, such as Russian Urals, i...
Honeywell UOP and KFUPM Drive Economic Diversification in Saudi Arabia
SA >> 5/9/2017 - In support of Saudi Arabia’s ongoing efforts toward economic diversification and localization initiatives, Honeywell UOP and King Fahd University of Petroleum & Minerals (KFUPM) have unveiled the deta...
Petronas and Saudi Aramco Explore Petrochemicals Expansion in Malaysia
MY >> 5/8/2017 - Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their joint venture in Malaysia....
PGPIC & ITOCHU Ink Polyethylene Sales Deal
IR >> 5/7/2017 - Persian Gulf Petrochemical Industries Company (PGPIC) and Japan's ITOCHU Corporation signed a deal for sale of polyethylene to the Japanese firm. ...
ANP & Procon Sign Agreement to Control Fuel Quality
BR >> 5/4/2017 - ANP and Procon / PA signed a technical cooperation agreement aimed at strengthening the regulation of fuel supply in Para. The agreement provides, among other things Actions, surveys carried out by se...
Major Equipment for New Euro+ Catalytic-Cracking Facility at Moscow Refinery Now Installed
RU >> 5/4/2017 - Installation of a key element for the Euro+ combined oil refining unit (Euro+ CORU) at the Gazprom Neft Moscow Refinery is now complete. The installed reforming column — part of the secondary oil refi...
Semi-Finalists for the International IQ-CHem Petrochemical Startup Contest Announced
RU >> 5/4/2017 - The jury at the international IQ-CHem startup contest has selected its short-list of best petrochemical projects. The 12 selected startups will now advance to the IQ-CHem contest final, which will be ...
Cow Poo Offers Mixed Energy Results for Rural Zimbabweans
ZW >> 4/18/2017 - Irene Moyo, a cook at Phangani Vocational Training Centre, no longer wakes up at dawn to prepare breakfast for the students. Until the institution installed a manure-fed biogas digester three years ag...
Crude Oil & Oil Products Export for April 2017
AZ >> 5/1/2017 - In April 2017, SOCAR has exported 84 793 tons of crude oil from Novorossiysk port, 174 579 tons from Supsa port, 1 467 117 tons from Ceyhan port.Generally, 489 206 tons of crude oil were exported from...
Qatar Petroleum Increases Qatar’s Petrochemical Industries Production
QA >> 4/29/2017 - In a move aimed at supporting Qatar’s petrochemical industry, Qatar Petroleum (QP) recently signed agreements to supply additional quantities of ethane, which is used as feedstock, to a number of subs...
China Sets Deadline for Refiners to Apply for Oil Import Permits
CN >> 4/27/2017 - China's top state planner will stop accepting new applications from oil refiners to use imported crude oil from May 5, it said on Thursday, amid growing concerns about domestic refining overcapacity t...
Refinery Operations - April 2017
Refinery Operations - April 2017 AT >> 5/2/2017 - The refinery utilisation rate in the US averaged around 87% during March, corresponding to 15.9 mb/d. This represented an increase of around 300 tb/d above the previous month and was around 100 tb/d l...
Sadara Chemical Starts up Final Polyethylene Plant in Saudi Arabia
SA >> 4/27/2017 - Sadara Chemical Company (Sadara) announced the startup of its fourth and final polyethylene unit, the High Pressure Low Density Polyethylene (HP-LDPE) Train. This marks a significant milestone for the...
Aker Solutions Wins Carbon Capture Study Contracts from Yara & Norcem
NO >> 4/26/2017 - Aker Solutions won strategically important contracts for concept studies for carbon capture at Yara's ammonia plant on Her?ya and Norcem's cement production facility in Brevik, Norway. ...
Iranian Crude Oil at $53 Per Barrel
IR >> 4/25/2017 - Iran’s crude oil traded above $53 a barrel in the week to April 14, reflecting the global confidence in a pact between OPEC and non-OPEC producers to slash supplies to boost flagging oil prices. ...
Marubeni & Chuetsu Sign MoU for Developing Application & Sales of Cellulose Nanofiber
JP >> 4/25/2017 - Marubeni Corporation (Marubeni) and Chuetsu Pulp & Paper Co., Ltd. (“Chuetsu”) have agreed to jointly develop the application and sales of cellulose nanofiber “nanoforest?” produced by Chuetsu and sig...
Sakhalin Energy Offloaded the 500th Crude Oil Cargo from the Prigorodniye Production Complex
RU >> 4/19/2017 - Sakhalin Energy loaded crude oil cargo No. 500 to the Governor Farkhutdinov tanker from Prigorodnoye Production Complex.The tanker will deliver this cargo to the Japanese Petro-Diamond company, Sakhal...
Construction of a Cutting-Edge Railcar Loading Facility Starts at Omsk Refinery
RU >> 4/20/2017 - Gazprom Neft has begun construction of an automated 1.2-million-tonnes-per-year railcar oil-products loading facility (AUTN-1) at its Omsk Refinery. The company’s total investment in this project is R...
Petronas in Deals to Boost Cooperation with Saudi Arabia
SA >> 4/23/2017 - MALAYSIA’s leading oil and gas giant, Petronas, recently sealed multiple agreements with the Kingdom of Saudi Arabia. The company inked an agreement with Saudi Arabia’s Unified Lubricants Company (ULC...
GPIC, GE Oil & Gas Sign Long-term Bilateral Deal
BH >> 4/16/2017 - The Gulf Petrochemical Industries Company (GPIC) has signed a long-term bilateral agreement with GE Oil & Gas to enhance efficiency its major plant operations and support and supervise periodic mainte...
South Azadegan Crude Output Hits 80k b/d
IR >> 4/17/2017 - Iran has brought oil recovery from South Azadegan oilfield, shared with Iraq, to 80,000 barrels per day after years that its output was stuck in the 50,000 b/d range. ...
The 5TH Edition of Oil & Gas Vietnam (OGAV) Exhibition 2017 in Vietnam
VN >> 4/19/2017 - The future of Oil & Gas technologies and machinery will be the main focus of the Oil & Gas Vietnam (OGAV) Exhibition 2017, featuring some of the influential leaders from the leading companies in Oil &...
Nigeria's Warri Oil Refinery Back Online
NG >> 4/8/2017 - Nigeria's Warri oil refinery is up and running after a period of maintenance, and operating at 60 percent of its installed capacity, a spokesman for state oil firm Nigerian National Petroleum Corporat...
Asian Product Market - March 2017
Asian Product Market - March 2017 OM >> 4/12/2017 - The Asian market got support from expectations of a more balanced market in the lead up to the onset of the regional maintenance season. This occurred amid stronger middle distillates demand fuelling ...
Product Markets and Refinery Operations - April 2017
AT >> 4/12/2017 - Product markets in the Atlantic Basin exhibited mixed performance during March, as a lack of export opportunities for gasoline amid increasing inflows of middle distillates to the region impacted the...
Nigeria Pushes to Legalize Illicit Refineries
NG >> 4/6/2017 - Nigeria aims to legalise illicit oil refineries in the turbulent Niger Delta region, the vice-president's office said, hoping to bring peace to the production heartland for the crude on which the coun...
Amec Foster Wheeler Wins Contract for Multi-Fuel CFB Designed to Burn 100% Biomass
FI >> 4/11/2017 - Amec Foster Wheeler has been awarded a contract by Lahti Energia Oy, a municipality-owned energy supplier, for the design, supply and assembly of a circulating fluidized-bed (CFB) steam generator plan...

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