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Refining


Iran Eyes 3mbd Refining Capacity by 2021
IR >> 2/17/2017 - Iranian Minister of Petroleum Bijan Zangeneh says Irans hydrocarbon refining capacity will cross 3 million barrels per day by the end of the 6th five-year development plan to 2021. ...
Product Markets and Refinery Operations - January 2017
AT >> 2/13/2017 - Product markets in the Atlantic Basin received support in January from the top of the barrel on the back of higher export opportunities in gasoline and naphtha. This, along with the positive performan...
ExxonMobil Singapore Refinery to Expand Group II Base Stock Production
SG >> 2/16/2017 - ExxonMobil announced today the expansion of its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products and e...
US Product Market - January 2017
US Product Market - January 2017 US >> 2/15/2017 - US gasoline demand stood at around 9.0 mb/d in December, approximately 110 tb/d lower than in the previous month and 170 tb/d lower than in the same month a year earlier. ...
Thai Oil Targets 2017 Refining Rate At 100-103% Of Capacity
TH >> 2/14/2017 - Thailand's largest oil refiner Thai Oil said on Tuesday it aims to run its refinery at 100-103 percent of its 275,000 barrel-per-day (bpd) capacity in 2017, and has no plans for any maintenance shutdo...
Rosneft Boosted its Throughput at German Refineries & Increased Crude Oil Deliveries
DE >> 2/13/2017 - Rosneft Deutschland GmbH (a Rosneft subsidiary) started operating business in Germany, key European market for refined products. Rosneft boosted its throughput at refineries in Germany to 12.7 mmt in ...
KNPC Signs Deal to Treat Liquid Sulfur
KW >> 2/9/2017 - Kuwait National Petroleum Company (KNPC) announced that it has partnered with Gulf Spic General Trading and Contracting Company (GS), for a project to build facilities for the treatment of liquid sulf...
Sohar Refinery Improvement Project 99pc Complete
OM >> 2/4/2017 - Orpic, the nation’s refining and petrochemicals flagship, has announced the successful completion of a trio of major components at the heart of its multi-billion dollar upgrade of its refinery at Soha...
Venezuela's Paraguana Refineries at 42% of Capacity
VE >> 1/31/2017 - Venezuela's Paraguana refining complex was operating at about 42 percent of capacity, a union official said, citing an internal report that came amid chronic unit stoppages in the crisis-hit OPEC coun...
Asian Product Market - January 2017
Asian Product Market - January 2017 SG >> 1/31/2017 - The Asian market continued to be relatively healthy during December on the back of firm regional demand. However, pressure coming from the supply side with the end of the maintenance season caused ref...
Ghana's Only Oil Refinery Shut after Explosion
GH >> 1/27/2017 - Ghana's only oil refinery, the Tema Oil Refinery, is shut after an explosion at a newly installed 5.8-million-euro crude oil heating unit, a senior union official said. The blast at the crude distilla...
Malaysia's Petronas Says RAPID Project Remains On Track
MY >> 1/27/2017 - Malaysia's state oil firm Petroliam Nasional Berhad (Petronas) is pushing ahead with plans to start operations in 2019 at a large refining and petrochemical complex in the southeast of the country des...
GE Proposes Investing in Nigeria's Ailing Oil Refineries
NG >> 1/24/2017 - General Electric, GE, a US multinational company with an asset valued at 493 billion dollars which business focus areas include oil and gas, power, water supply, aviation, healthcare, transportation a...
Saudi Aramco Shelves Plan for Joint Venture with Malaysia's Petronas
SA >> 1/25/2017 - Saudi Aramco has shelved plans for a partnership with Malaysian state-oil firm Petroliam Nasional Berhad in a $27 billion refining and petrochemical project in the southeast Asian country, industry so...
Gazprom Neft’s Moscow Refinery Improves Refining Efficiency In 2016
RU >> 1/19/2017 - Gazprom Neft’s Moscow Refinery refined a total 10.7 million tonnes of oil in 2016, with production of light oil products increasing to 58.1 percent (a two-percent increase on 2015). Conversion rate at...
Product Markets and Refinery Operations - January 2017
AT >> 1/18/2017 - Product markets showed a mixed performance in the Atlantic Basin during December. US refinery margins were supported by the recovery seen in US gasoline crack spreads on the back of healthy domestic d...
Russia's Tuapse Oil Refinery Yet to Restart Main Unit After Fire
RU >> 1/11/2017 - Russia's Tuapse oil refinery, which is owned by Rosneft, has yet to restart its sole primary processing CDU-12 unit after a pump was damaged by a fire on Wednesday, the energy ministry said. Plant off...
AESA Launches Loma Campana Oil Treatment Plant
AR >> 1/9/2017 - The construction and start-up project led by AESA included detailed engineering, logistics and provision of supplies, equipment manufacturing, electromechanical construction and assembly, pre-commissi...
Saudi Aramco in Lead to Buy OMV's Turkish Unit Petrol Ofisi
SA >> 2/22/2017 - Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV , sources familiar with the matter said. Saudi Aramco has place...
ADNOC Signs 10-year Deal for sale of 528,000 tonnes of LPG p/a to Vitol
AE >> 2/22/2017 - The Abu Dhabi National Oil Company, ADNOC, has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG over the next 10 year...
Rosneft and KRG Signed an Oil Deal
IQ >> 2/21/2017 - Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the I...
Kuwait to Raise Oil Output Capacity to 4.75 mln bpd by 2040
KW >> 2/21/2017 - OPEC-member Kuwait plans to raise its oil production capacity to 4.75 million barrels per day (bpd) by 2040 as part of a strategy to expand its downstream investments, Kuwait state news agency reporte...
Nigeria to Offer Work for Illegal Refiners in Quest for Peace
NG >> 2/14/2017 - Nigeria needs to offer work to people who make a living from illegally refining oil in the Niger Delta in order to achieve peace there, the African oil-producing nation's Vice President Yemi Osinbajo ...
Gazprom Neft Board of Directors Reviews Plans for Developing Catalyst Production
RU >> 2/20/2017 - The Gazprom Neft Board of Directors has reviewed information on the company’s plans for developing catalyst production and supplying catalysts to enterprises throughout the Gazprom group. ...
Oil Market Highlights – February 2017
AT >> 2/13/2017 - Crude Oil Price Movements
The OPEC Reference Basket averaged $52.40/b in January, representing a gain of 73cent over the previous month. NYMEX WTI and ICE Brent also saw gains, increasing...
Flowserve Awarded Significant Contract to Supply Pumping Equipment
CN >> 2/16/2017 - Flowserve Corporation (FLS), a leading provider of flow control products and services for global infrastructure markets, announced an order close to $80 million to provide pumps and ebulators for the ...
Gazprom Neft Implementing Advanced Process Control Systems at Moscow Refinery
RU >> 2/16/2017 - An advanced process control (APC) system is currently being implemented at the Gazprom Neft Moscow Refinery, directed at increasing effectiveness and optimising the operation of the plant’s production...
Wintershall Selects Development Solution for Skarfjell
NO >> 2/15/2017 - Wintershall and its license partners Capricorn, Bayerngas, Edison and DEA have selected a development solution for the Skarfjell field in the Norwegian North Sea. Under the proposed solution, the rese...
Honeywell Technology & Controls Selected for Largest Petrochemical Project in China
CN >> 2/14/2017 - Honeywell (HON) announced that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP, the world’s leading licensor of refining and petrochemical process techn...
AMOC to Offer 10-20% of Shares in Secondary Listing
AMOC to Offer 10-20% of Shares in Secondary Listing EG >> 2/9/2017 - Alexandria Mineral Oils Co (AMOC) plans to offer 10-20 percent of its shares in a secondary stock market listing as well as 10 percent as Global Depositary Receipts listed in London, its chairman said...
Rosneft's Volga Refineries in Limbo Over Tax Reform & Low Oil Prices
RU >> 2/10/2017 - Some of the domestic refineries of Russia's largest oil producer Rosneft have been hit hard by tax reforms and weaker oil prices, putting a strain on profits, sources and analysts told Reuters on Frid...
Amec Foster Wheeler Opens New Office in Oman
OM >> 2/7/2017 - Amec Foster Wheeler announces the opening of a new office in the Sultanate of Oman. Establishing a permanent presence there will support the transfer of the company's global experience and capabilitie...
Omsk Refinery 2016 Year Show a Proportional Increase in Light Petroleum Products Production
RU >> 2/9/2017 - Year-end data for 2016 shows the Gazprom Neft Omsk Refinery processed a total 20.5 million tonnes of crude oil, maintaining its leading position in the Russian refining industry. Moreover production o...
Gazprom Neft Omsk Refinery Implementing Environmental Project of Federal Significance
RU >> 2/6/2017 - The Gazprom Neft Omsk Refinery has begun preparations for the construction of a closed waste treatment facility. This new environmental initiative at the Omsk Refinery, by decree of the Government of ...
West Africa Oil Floods to Asia in Latest Sign of OPEC Impact
NG >> 1/31/2017 - West African oil producers this month will send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace ...
Axens Takover Bid on Heurtey Petrochem
FR >> 2/2/2017 - Following the reopening of the tender offer (the Offer) between January 16th and 27th, 2017, Axens now holds in concert with IFP Investissements, a total of 4,354,286 shares and 4,428,786 voting right...
Saudi Arabia may Raise U.S. Oil Investments
SA >> 2/1/2017 - Saudi Arabia may increase its oil investments in the United States due to a more fossil fuel-oriented energy policy by the U.S. administration of President Donald Trump, the kingdom's energy minister ...
Court Rules Shell Can't Be Sued in London for Nigeria Oil Spills
NG >> 1/26/2017 - Royal Dutch Shell cannot be sued in London over oil spills in Nigeria, the High Court ruled, in a setback to attempts to hold British multinationals liable at home for their subsidiaries' actions abro...
President Maduro Appointed New PDVSA Board of Directors
President Maduro Appointed New PDVSA Board of Directors VE >> 1/29/2017 - The President of the Bolivarian Republic of Venezuela, Nicolas Maduro, during his program Los Domingos con Maduro, held in Ciudad Guayana, Bolivar state, appointed a new Board of Directors of Petroleo...
ADNOC Signs Agreement for 5.86m Barrels Crude Oil Reserve in India
IN >> 1/25/2017 - In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and India’s Prime Minister, Narendra Modi, the Abu Dh...

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