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Refining


Forte Oil in Talks on Refinery Deal to Boost Capacity
NG >> 8/5/2017 - Nigeria's Forte Oil said it was in talks with a major refinery to form a strategic partnership for local refining of petroleum products in Africa's top oil exporter, its chief executive said. Nigeria ...
Uganda Picks GE for Group to Develop Oil Refinery Project
UG >> 8/7/2017 - Uganda chose a group including General Electric Co. to build and operate a 60,000-barrel-a-day refinery that will process crude from fields being developed by Total SA and Tullow Oil Plc. ...
Natref Refinery to Reach Full Output after Disruption
ZA >> 8/4/2017 - South Africa's 108,000 barrel-a-day Natref refinery, operated by Sasol and Total will reach full output this weekend after an explosion and power cuts the last three months, a spokesman said. ...
Husky Agrees to Acquire US Midwest Refinery
US >> 8/14/2017 - Husky Energy has entered into definitive agreements to acquire the Superior Refinery, a 50,000 barrel per day permitted capacity facility located in Superior, Wisconsin from Calumet Specialty Products...
Refinery Margins - August 2017
Refinery Margins - August 2017 AT >> 8/15/2017 - US product crack spreads improved during July despite higher WTI prices m-o-m. Total gasoline demand continued to increase to reach around 9.7 mb/d, based on preliminary weekly data, to the highest l...
Product Markets and Refinery Operations - August 2017
AT >> 8/10/2017 - Refinery margins in the Atlantic Basin saw mixed movement in July, while US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. Margins in Europe ...
Korean Firm Inks HOA for Upgrade Deal with TRC
IR >> 8/6/2017 - South Korea’s SK Engineering and Construction Co. (SKEC) signed a heads of agreement on Saturday for a 1.6 billion euro upgrade of the Tabriz refinery in northwest Iran. ...
Refinery Operations - July 2017
Refinery Operations - July 2017 AT >> 7/31/2017 - The refinery utilization rate in the US averaged almost 93% in June, corresponding to 17.1 mb/d. This represents a slight drop of 37 tb/d from the previous month but a hike of around 650 tb/d from the...
Gazprom Neft Modernises Bitumen Facility at the Omsk Refinery
RU >> 7/27/2017 - A comprehensive upgrade of the bitumen facility at the Gazprom Neft Omsk Refinery has now been completed, allowing an expansion in the product range of bitumen binders, as well as improving the energy...
Gazprom Neft Building New Delayed Coking Unit at Omsk Refinery
RU >> 7/25/2017 - Construction of a delayed coking unit (DCU) has now begun at Gazprom Neft’s Omsk Refinery.* Annual raw material consumption at the complex will be two million tonnes. The CDU is set to become one of t...
Large-Capacity Equipment for the Hydrocracking Facility Delivered to the Novokuibyshevsk Refinery
RU >> 7/12/2017 - A unique operation of the large-size equipment transportation to the Novokuibyshevsk Refinery is completed. Nine columns for the under-construction hydrocracking facility and a regeneration unit for m...
Product Markets and Refinery Operations - July 2017
AT >> 7/12/2017 - Product markets in the US weakened slightly in June on high supply offsetting the typical seasonal draw in inventory levels, despite the onset of the summer driving season. Product markets in Europe ...
Major Equipment for New Advanced Oil Refining Complex Installed at Omsk Refinery
RU >> 7/10/2017 - The latest stage in Gazprom Neft’s construction of a new advanced oil refining complex (AORC) has now been completed at its Omsk Refinery — one of a series of key projects in its full-scale modernisat...
Progress of Talara Refinery Modernization
PE >> 6/29/2017 - Minister of Energy and Mines, Gonzalo Tamayo Flores, inspected the progress of the Talara Refinery Modernization Project (PMRT), which to date records an implementation progress of 60.53%. ...
Refinery Operations - June 2017
Refinery Operations - June 2017 AT >> 7/11/2017 - The refinery utilisation rate in the US averaged around 93% during May, corresponding to 17.2 mb/d. This represented an increase of more than 100 tb/d from the previous month’s level and was around 90...
Students & Graduates of Baku Higher Oil School Will Work at STAR Company in Turkey
AZ >> 7/4/2017 - A meeting with graduates of Baku Higher Oil School (BHOS) selected for work at STAR Refinery of SOCAR Turkey company and BHOS students undertaking on-the-job training at SOCAR facilities in Turkey was...
Phase 13’s Refinery Connected to Grid
IR >> 7/2/2017 - Project director of phase 13 announced that onshore refinery of this project was connected to the sixth line of grid. PayyamMotamed said that connection operation to the sixth line of grid was succes...
Equipment for Construction of A Euro+ Refining Facility At Moscow Refinery Is Delivered
RU >> 6/26/2017 - Russian-produced oversized equipment for construction of a combined Euro+ facility at the Gazprom Neft Moscow Refinery has been delivered by river barge. The vacuum distillation column,* manufactured ...
Yanos Refinery Commissions New Group Iii-Quality Base Oil Production Facility
RU >> 6/15/2017 - A new facility for production of Group III-quality base oils has been commissioned at the JSC Slavneft-YANOS refinery, part of OAO NGK Slavneft, a joint enterprise between Gazprom Neft PJSC and Rosnef...
Asian Product Market - June 2017
Asian Product Market - June 2017 OM >> 6/14/2017 - The Asian market weakened in May, pressured by the supply side amid expectations of increasing refinery runs following the end of peak maintenance season. A lack of export opportunities also weighed ...
Product Markets and Refinery Operations - June 2017
AT >> 6/13/2017 - Product markets in the Atlantic Basin weakened during May. Despite the strength seen in US gasoline crack spreads, supported by stronger domestic demand, refinery margins in the Atlantic Basin fell d...
Venezuela & China Sign 4 Energy Agreements
Venezuela & China Sign 4 Energy Agreements VE >> 6/7/2017 - The Vice President of Planning and Development and external director of Petroleos de Venezuela, SA (PDVSA), Ricardo Menendez, reported on the signing, between Venezuela and the PRC, of four strategic ...
Rosneft, PNOC Exploration Corporation and Pionaire Finance Limited Develop Cooperation
RU >> 6/2/2017 - Rosneft, PNOC Exploration Corporation (Philippines) and Pionaire Finance Limited signed a trilateral Agreement on development of cooperation at the XXI St. Petersburg International Economic Forum. ...
Gazprom Neft Begins Installing Equipment for a New Advanced Oil Refining Complex at Omsk Refinery
RU >> 5/29/2017 - Installation of major equipment has now begun at the construction site of the advanced oil refining complex (AORC) being built at Gazprom Neft’s Omsk Refinery, with 10 high-pressure heat exchangers be...
Mammoet Completes Large Modernization Project at Polish Refinery
PL >> 5/31/2017 - Mammoet finished the last lift on a large modernization project at LOTOS refinery in Gdansk, Poland. LOTOS is one of the largest refineries in the country. This project is led by Italian process engin...
ABB to Provide Life Cycle Services for New Plants of Fuyao Group
SZ >> 5/17/2017 - ABB announced that it will provide life cycle services for the new plants and float glass production lines of Fuyao Glass Industry Group Co., Ltd. (Fuyao Group), to help the user enhance equipment rel...
Refinery Operations - May 2017
Refinery Operations - May 2017 AT >> 5/29/2017 - The refinery utilisation rate in the US averaged around 92% during April, corresponding to 17.0 mb/d. This represented an increase of more than 1 mb/d from the previous month’s level and was around 96...
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. ...
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...
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...
Nigeria's Aims to Diversify as 'Era of Oil Booms' Ends
NG >> 7/26/2017 - Nigeria plans to cut its oil exploration costs and move away from reliance on crude for export revenues, according to a national petroleum policy approved by the federal executive council this week. A...
BAGCR Petrol Output at 10ml/d
IR >> 8/12/2017 - Bandar Abbas Gas Condensate Refinery, also known as Persian Gulf Star Refinery, is supplying nearly 10 million liters of Euro-4 gasoline on a daily basis, the refinery's managing director says. Spe...
Sadara Commissions Last Plant of its Saudi Petchem Complex
SA >> 8/14/2017 - Sadara Chemical Company (Sadara), a joint venture between Saudi Aramco and The Dow Chemical Company celebrates the commissioning of the last of its 26 plants – an isocyanates section currently produci...
Nigeria to Extend Gas Pipeline to Cote d’ Ivoire
NG >> 8/2/2017 - The Nigerian National Petroleum Corporation (NNPC) has said the West African Gas Pipeline (WAGP) would be extended from Ghana to Cote d’ Ivoire as part of the Federal Government West African energy in...
CB&I Announces Intent to Sell Technology Business
AN >> 8/9/2017 - CB&I (CBI) announced its intent to sell the company's Technology business. CB&I is targeting to close the transaction by the end of the 2017 calendar year. ...
Sirius Signs US$10m Financing Agreement for Ororo Field Crude
NG >> 8/14/2017 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that following completion of technical due diligence on the ...
Crude Oil Price Movements - August 2017
AT >> 8/10/2017 - The OPEC Reference Basket (ORB) recovered in July to $46.93/b, up almost 4% on bullish market fundamentals after two consecutive months of sharp declines. The oil complex rebounded on receding fears o...
Oil Market Highlights - August 2017
AT >> 8/10/2017 - Crude Oil Price Movements
The OPEC Reference Basket averaged $46.93/b in July, representing a gain of about 4% m-o-m. Y-t-d, the Basket was almost 34% higher at $49.75/b. Oil futures in N...
ADNOC in Discussions for New Offshore Oil Concession
ADNOC in Discussions for New Offshore Oil Concession AE >> 8/7/2017 - The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated...

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