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Refining


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...
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 ...
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...
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...
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...
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...
Bahrain's Bapco Starts Talks with Contractors on Sitra Expansion Bids
BH >> 4/3/2017 - State-run Bahrain Petroleum Co (Bapco) has started two weeks of negotiations with international contractors to clarify bids to expand the Sitra oil refinery, estimated to cost around $5 billion. ...
Long-operating Shuaiba Refinery Shuts down in April 2017
KW >> 3/29/2017 - The long-operating Shuaiba refinery will shut down on April first after years of contributing to Kuwait's economic welfare and progress. An event will initiate the closure process. The refinery, owned...
2nd International Caspian & Central Asia Downstream Forum will be Held in April 2017
AZ >> 3/30/2017 - SOCAR 2nd International Caspian and Central Asia Downstream Forum - Trading, Logistics, Refining, Petrochemicals dedicated to 94th anniverisary of the National Leader of Azerbaijan Heydar Aliyev will ...
Oman, Kuwait to Sign Deal for Duqm Refinery
OM >> 4/1/2017 - Kuwait will sign a partnership agreement with Oman for Duqm refinery near the port in the Al Wusta region on April 10, Kuwait's oil minister said. The 230,000 barrel per day facility is part of the va...
Refinery Operations - March 2017
Refinery Operations - March 2017 AT >> 3/30/2017 - The refinery utilisation rate in the US averaged around 85% during February, corresponding to 15.6 mb/d. This represented a sharp drop of around 800 tb/d compared to the previous month and was around ...
Taiwan's CPC to Start Trial Runs at New Refining Units in May
TW >> 3/27/2017 - State-run Taiwanese refiner CPC Corp said on Monday it plans to start trial runs at new refining units located in the south of the country in May, delayed from earlier this year. ...
Liquidation of Moroccan Refinery Samir Extended
MA >> 3/23/2017 - A Moroccan court has granted an extra month for the liquidation process for Samir, the country's only oil refinery, a court-appointed trustee said on Thursday. ...
Oil & Gas Africa 2017
ZA >> 6/13/2017 - Onshore gas production Africa: ‘We’ve walked the road many still fear to tread’ Renergen COO ...
The Delayed Coking Unit at TANECO Has Been Put into the Commercial Operation Mode
RU >> 6/13/2017 - JSC TANECO has received the conclusion of the Volga Federal Department of Rostechnadzor on compliance with the requirements of technical regulations and project documentation of a number of facilities...
Oil Market Highlights - June 2017
AT >> 6/13/2017 - Crude Oil Price Movements
The OPEC Reference Basket fell 4.2% in May to average $49.20/b. Crude futures prices tumbled as supply continue to be plentiful with US output continuing its upw...
Pemex Speeds Up Its Association Strategy to Increase Crude Oil Output
MX >> 6/8/2017 - Pemex will accelerate the establishment of farm-out arrangements and strategic associations across its business lines in order to increase production of both crude and petroliferous protects, and to b...
Refinery Isla Continues Its Recovery Process
VE >> 6/6/2017 - The Isla refinery, located in Curazao, continues its recovery process after the fire on 21 May in the distillation unit of the facility. ...
Gazprom Neft to Develop Digital Technologies in Conjunction with Skoltech
RU >> 6/6/2017 - Gazprom Neft has entered into a Cooperation Agreement with the Skolkovo Institute of Science and Technology (Skoltech), the document having been signed by Vadim Yakovlev, First Deputy CEO, Gazprom Nef...
Rising Efforts for Joint Fields’ Development
IR >> 6/6/2017 - Tehran needs to step up efforts to raise production from joint oil and gas fields and attract foreign investment in the key petroleum industry, said the spokesperson for the Majlis Energy Commission. ...
Gazprom Neft Signs Strategic Partnership Agreement With Siemens
RU >> 6/2/2017 - Gazprom Neft and Siemens AG have signed a Strategic Partnership Agreement at this year’s St Petersburg International Economic Forum, with the document being signed by Gazprom Neft CEO and Chairman of ...
Rosneft and Siemens Develop Cooperation
RU >> 6/2/2017 - Rosneft and Siemens AG signed an agreement at the 21st Petersburg International Economic Forum to extend the terms of previous cooperation and partnership agreements until 2020. ...
Rosneft and Kurdistan Agree to Expand Strategic Cooperation
IQ >> 6/2/2017 - Rosneft and the Kurdistan Regional Government, as part of the XXI St. Petersburg International Economic Forum, signed a series of agreements on widening their cooperation in exploration and production...
Gazprom Neft Signs Cooperation Agreement with Yandex
RU >> 6/1/2017 - Gazprom Neft and Russia’s leading internet search company Yandex have signed a Cooperation Agreement on implementing prospective projects in the oil and gas sector. The document was signed during this...
Shell Completes Divestment of Oil Sands Interests in Canada
CA >> 5/31/2017 - Royal Dutch Shell plc announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its i...

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