More Refining Capacities News
Environmental challenges predominant theme at oil summit
Apr 16, 2008
Oil and natural gas exploration and development and its relationship to the environment was a predominant theme at the 9th Annual International Oil Summit Apr. 10 in Paris.
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Impact of higher oil, product prices on US economy deepens
Apr 15, 2008
There are growing indications that high gasoline and diesel fuel prices are having an increasingly adverse impact on the general US economy, and federal lawmakers have started to respond.
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Saudi Arabia to take bids on proposed Jizan refinery
Apr 14, 2008
Saudi Arabia will begin entertaining bids for the construction and operation of a new refinery at Jizan, according to the Saudi oil ministry.
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MEGC: Oil price strength here to stay; demand fails to waver
Apr 14, 2008
Oil price volatility is here to stay, with prices fluctuating within the range of $70-110/bbl and averaging $85-90/bbl this year.
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Study examines production of near-zero sulfur FCC gasoline
Apr 14, 2008
This article examines the feasibility of producing near-zero sulfur FCC gasoline by FCC feed pretreatment and gasoline posttreatment.
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The Iraqi oil dispute: Who holds the power?
Apr 14, 2008
The new Iraqi National Constitution left as many petroleum questions unanswered as it answered.
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'This majority remains tied to a dogma'
Apr 11, 2008
House Republican Whip Roy Blunt (Mo.), after the EIA released figures on April 4 which indicate US reliance on oil from OPEC members grew from 50.9% of total crude imports in 2006 to 57.6% in 2007.
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MPGC: Oil price strength here to stay; demand fails to waver
Apr 7, 2008
Oil price volatility is here to stay, with prices fluctuating within the range of $70-110/bbl and averaging $85-90/bbl this year, MPGC attendees told.
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Russian refining tax structure fails to promote investment
Apr 7, 2008
The Russian petroleum tax structure encourages the country’s operators to export refined products rather than crude oil; therefore Russian crude throughput averaged 4.6 million b/d in 2007, a new post-Soviet era record, according to the International Energy Agency’s “Oil Market Report,” published on Feb. 13, 2008.
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Europia: EU must issue policies that help refiners compete
Apr 7, 2008
The European Union should provide its refining companies with “a globally competitive level playing field” to help them face the “important” challenges of the next years and make the needed investments, said Panos E. Cavoulacos, president of the 17-member refining trade group Europia.
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Loss of tax breaks hits new refinery projects
Mar 17, 2008
A sunset clause in Finance Minister Palaniappan Chidambaram's 2008-09 budget for 100% tax exemption for oil refining projects after April 2009 could undercut refinery investments, opponents said.
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Refiner demand for discounted feeds will increase trade of high-acid crudes
Mar 17, 2008
Refiners looking for discounted crude supplies will import and use greater volumes of high total acid number (TAN) crudes, according to a study from Asia Pacific Energy Consulting (APEC).
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Europia: EU must issue policies that help refiners compete
Mar 14, 2008
The EU should provide its refining firms with "a globally competitive level playing field" to help them face the "important" challenges of the next years, said Europia Pres. Panos Cavoulacos.
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Golar Frost LNG carrier to be converted to FSU
Mar 11, 2008
OLT Offshore LNG Toscana has let a €390 million contract to Saipem to convert the Golar Frost LNG carrier into a FSU for the Italian Livorno LNG terminal.
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SPECIAL REPORT: Global crude capacity will rise nearly 11 million b/d by 2012
Mar 10, 2008
Global crude distillation capacity will increase 10.6 million b/d during 2007-12—9.1 million b/d of new capacity and 1.5 million b/d of capacity creep—according to a report from the International Energy Agency (IEA) entitled “Medium-Term Oil Market Report.”
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