Refining News


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Iraq Boosts Output Capacity At Kirkuk Oil Refinery-Oil Ministry
Monday, December 11, 2017 Iraq's Oil Ministry has added a new processing unit to the Kirkuk oil refinery, increasing the plant's capacity to 56,000 barrels per day.

UAE's ADNOC Proposes Change To Oil Price Mechanism
Monday, December 11, 2017 ADNOC seeks feedback from Asian buyers on whether it should change its monthly pricing mechanism.

Vietnam Signs Crude Oil Supply Deals With SOCAR, Glencore
Friday, December 08, 2017 Vietnam's state-run Binh Son Refining and Petrochemical Co (BSR) and state oil marketer PV Oil sign non-binding term agreements with 2 western trading companies to buy crude.

Petrobras Eyes Adjustments In Fuel Pricing To Fight Importers
Friday, December 08, 2017 Petrobras could make more adjustments to its fuel pricing policy, its executive manager for fuel sales says.

CB&I Wins Contract for Saudi Aramco-Shell Project
Thursday, December 07, 2017 Contract valued at more than $95 million, CB&I reports.

China's Hengyi To Increase Singapore Staff To Push Oil, Coal Trade
Thursday, December 07, 2017 Hengyi Industries International Pte plans to expand its team in Singapore to buy crude and coal as well.

Nigeria Refining Push Prompts $3.6 Billion Petrolex Plan
Wednesday, December 06, 2017 Nigeria is set to get another new oil refinery as a government push to end fuel imports attracts investors to the industry.

Adnoc Unit IPO to Raise $902 Million After Narrowing Range
Wednesday, December 06, 2017 Abu Dhabi National Oil Co. plans to raise as much as $902 million from the IPO of its fuel-retailing unit.




ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo
Wednesday, December 06, 2017 ExxonMobil is joining Chevron and other US refiners to supply the newly free Mexico fuel market.

European Oil Margins Sink, But Traders Expect Recovery In 1Q 2018
Wednesday, December 06, 2017 Benchmark European oil refining margins sink to a 15-month low.

Petronas Unit Agrees Share Swap With Shell's Africa Operator
Tuesday, December 05, 2017 Petronas' South African unit and Vivo Energy Holding BV agreed to a deal to combine some of their African fuel-retail assets.

Indian Refiners Turn To Use Dirty Fuel To Produce Power, Gas
Tuesday, December 05, 2017 Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas.

Indian Oil Refiners Issue Tenders Aimed At Boosting Domestic Shipping
Monday, December 04, 2017 Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least 5 years while giving preference to Indian companies, tender documents reviewed by Reuters showed.

Global Factors Weigh Against Bolivia In Gas Contract Negotiations
Monday, December 04, 2017 Bolivia's declining natural gas reserves, rising global supplies and more flexible sale terms in the international market all count against South America's top gas exporter

Refinery Head: India MRPL Makes Its First US Oil Purchase
Friday, December 01, 2017 Mangalore Refinery and Petrochemicals Ltd has made its first purchase of US crude oil.

TechnipFMC-Led Consortium To Expand Bahrain Refinery
Friday, December 01, 2017 Bapco has awarded a consortium led by UK-based TechnipFMC a contract to expand Bahrain's only oil refinery.

ExxonMobil To Merge Refining And Marketing Divisions
Friday, December 01, 2017 ExxonMobil says it would merge its refining and marketing divisions in the first quarter of 2018.

Total Starts Up Antwerp Refinery And Petrochem Complex After Upgrade
Thursday, November 30, 2017 Total says that production had resumed gradually at its 338,000 barrels-per-day refinery and petrochemical platform in Antwerp.

Union Leader: PDVSA's Amuay Refinery Halts Distillation Unit
Thursday, November 30, 2017 Amuay refinery has halted its distillation unit No. 5 due to an operational problem.

Israel's Oil Refineries Names Yashar Ben Mordechai As CEO
Wednesday, November 29, 2017 Israel's Oil Refineries (ORL), the country's largest refining and petrochemicals group, appoints Yashar Ben Mordechai as its new chief executive.

EIA: US Crude Stocks Fall, But Gasoline, Distillates Up
Wednesday, November 29, 2017 US crude oil stocks fell last week, led by the biggest fall in inventories at the Cushing, Oklahoma storage hub in eight years.

Thai Oil's Refinery To Produce Only Clean Fuels From 2022
Tuesday, November 28, 2017 Thailand's largest refiner Thai Oil PCL will stop producing fuel oil from 2022 once it completes a $4-billion upgrade.

Exxon Says $1B Antwerp Clean Fuels Unit Will Be Running By Mid-2018
Tuesday, November 28, 2017 ExxonMobil expects a new $1 billion fuel upgrading unit at its Antwerp refinery to be fully operational in the first half of next year, the company says.

Kemp: Hedge Funds Lighten Bullish Positions In Oil
Tuesday, November 28, 2017 Hedge funds started to reduce their record bullish position in crude and refined products in the week to Nov. 21 amid growing concerns about the possibility of a sharp price reversal.

Official: Iraq Plans to Divert Most Kirkuk Field Output to Iraqi Refineries
Monday, November 27, 2017 Iraq is preparing to divert most of Kirkuk oilfield's future production to local refineries as a conflict with Kurdish regional authorities over the use of an export pipeline to Turkey continues.

ExxonMobil CEO Makes First Big Changes to Refining
Monday, November 27, 2017 Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company's refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said.

Indian Oil Corp Studies Renewed Venezuelan Crude Purchases
Wednesday, November 22, 2017 Indian Oil Corp is considering buying Venezuelan crude for the first time in at least 6 years, in a move that could help the crisis-struck South American nation settle unpaid bills.

US Crude Inventories Fall; Big Draw At Cushing Hub
Wednesday, November 22, 2017 US crude oil stockpiles fell last week, with most of the decline coming out of the Cushing, Oklahoma storage hub.

Italy Prosecutors Probe Eni For Tax Evasion At Refineries
Wednesday, November 22, 2017 Italian authorities are investigating oil major Eni for alleged tax evasion.

South Africa Eyes BRICS Partners To Build New $10 Billion Refinery
Tuesday, November 21, 2017 South Africa wants the national oil companies of its BRICS partners to help build a new 400,000 barrel per day refinery.

A Newcomer's Guide to Oil and Gas: Fuel Pump Facts
Tuesday, November 21, 2017 When is 'Brand XYZ' fuel not 'Brand XYZ' fuel?

Media: Three Dead After Suspected Gas Leak At PetroChina Refinery
Monday, November 20, 2017 Three workers are killed and six others injured during a suspected gas leak.

Russia's Rosneft Signs Oil Supply Deal With Greece's Motor Oil
Monday, November 20, 2017 Rosneft and Greece's Motor Oil Hellas Corinth Refineries have signed a deal on mutual supplies of crude oil and oil products.

Sources: Two Alberta Oil Sands Upgraders Warn Customers Of Volume Cuts
Monday, November 20, 2017 Two oil sands upgraders in Alberta have warned customers about cuts to synthetic crude output.

ADNOC Pushes Ahead With IPO After Emaar Sale
Monday, November 20, 2017 Abu Dhabi National Oil Co. plans to sell as much as 20% of its fuel-distribution unit.

Indian State Oil Firms Betting On Natural Gas As Next Big Thing
Friday, November 17, 2017 India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.

Middle East, US Crude Oil Curbs Indian Appetite For African Supplies
Friday, November 17, 2017 India's imports of African crude oil in October plunged to their lowest in over 4 years, turning to the United States and Middle East.

Kemp: Distillate Fuel Oil Market Set To Tighten In 2018
Friday, November 17, 2017 US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets.

Romania Closes One Case Against Russia's Lukoil, Related Trial Still On
Friday, November 17, 2017 Romanian prosecutors have decided to close a criminal case against Russia's Petrotel Lukoil refinery.

China's Oil Refiners Rush To Cash In On Bumper Profits
Thursday, November 16, 2017 Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices.

Sources: China's Zhenhua Oil Wins First Diesel Tender With Iraq's SOMO
Thursday, November 16, 2017 Zhenhua Oil will supply diesel to Iraqi state-oil marketer SOMO through a term contract for the first time.

Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Wednesday, November 15, 2017 Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.

Venezuela's PDVSA To Tap Oil Customers To Pay $449MM To ONGC
Wednesday, November 15, 2017 PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 million owed to India's ONGC Videsh.

Oil Seen As Real Prize of Iran's Kurdish Adventure
Tuesday, November 14, 2017 After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region's giant Kirkuk field.

Women Breach World of Big Oil Where 80% of Workforce Is Men
Tuesday, November 14, 2017 Ryu Bokyoung is confident she can do anything a man does in the sprawling Ulsan refinery in South Korea. The challenges that come with being a woman in the traditionally male-dominated oil industry have never stopped her.

Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr
Tuesday, November 14, 2017 Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt.

Sources: Oman's Duqm Refinery To Seek $6B Bank Funding Soon
Monday, November 13, 2017 Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks.

As Saudi Arabia Limits US Crude Shipments, Iraq Steps In
Monday, November 13, 2017 Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in.

S. Korean Refiners Aim To Benefit From 2020 Shipping Mandate
Friday, November 10, 2017 South Korean refiners are planning to spend over $5 billion on plant upgrades in response to tighter rules on shipping fuel.

US Flexes Refining Muscles to Satisfy Mexico's Fuel Thirst
Thursday, November 09, 2017 US refiners are setting up for the strongest end-of-year they've ever had, and it's all thanks to Mexico.

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