More Oil Refining News

IEA: Global oil supplies plunge in March on lower OPEC output

Apr 21, 2014

Global crude oil supplies fell month-on-month in March by a steep 1.2 million b/d to 91.75 million b/d, with a decline in output from members of the Organization of the Petroleum Exporting Countries accounting for near 75% of the loss, according to the International Energy Agency's most recent Oil Market Report.

LyondellBasell ends talks to sell French refinery

Apr 17, 2014

LyondellBasell has ceased discussions with Sotragem SA, Monaco, for the sale of its shuttered 105,000-b/d Berre refinery in France to Sotragem SAM.

KNPC finalizes contracts for Clean Fuels Project

Apr 17, 2014

Kuwait National Petroleum Co. (KNPC) has finalized lump-sum turnkey contracts previously let to three groups of oil and gas service providers for work related to its Clean Fuels Project (CFP) at the Mina Abdullah and Mina Al Ahmadi refineries in southern Kuwait.

GAO report links changed US refining outlook to main causes

Apr 16, 2014

Higher North American crude oil production, shrinking product markets, and a pair of federal regulations have significantly affected the US refining outlook, the US Government Accountability Office said in an Apr. 14 report.

New Zealand refinery extends maintenance

Apr 15, 2014

Bad weather and additional repairs have led to a delay in planned maintenance that began in March at New Zealand Refining Co. Ltd.’s (NZRC) 107,000-b/d Marsden Point refinery at Northland on the North Island’s east coast.

Joint venture launches refinery in Kurdistan

Apr 15, 2014

Black Diamond Oil Co. and Rezhwan Co. have agreed to form a joint venture for a refinery in the Kurdistan region of Iraq that is scheduled to begin operations as soon as next week, the companies said in an Apr. 13 release.

Contract let for Vietnamese refinery

Apr 14, 2014

Nghi Son Refinery & Petrochemical LLC, through a contractor, has let a contract to a subsidiary of Foster Wheeler for the design and supply of a carbon monoxide incinerator package for a residue fluidized catalytic cracker at its 200,000-b/d refinery and petrochemical complex in Thanh Hoa Province in Vietnam.

Moody's: Global refining, marketing industry to see earnings rise this year

Apr 14, 2014

The global refining and marketing (R&M) industry will continue to see pockets of earnings growth over the next year, but flat conditions overall, with product demand expected to increase modestly this year by 1.2 million b/d, according to a recent report from Moody's.

Suriname refinery expansion advances

Apr 11, 2014

The construction phase is progressing for a major expansion and efficiency project to double crude capacity at the Tout Lui Faut refining complex about 12 miles south of Suriname’s capital city of Paramaribo.

SOCAR restarts units at Baku refinery

Apr 11, 2014

State Oil Co. of Azerbaijan Republic (SOCAR) has resumed operations at two units within its 239,000-b/d Heydar Aliyev (formerly New Baku) refinery in Baku, Azerbaijan, following installation and repair work.

Contract let for Guangdong heavy oil refinery

Apr 10, 2014

Sino-Venezuela Guangdong Petrochemical Co., a subsidiary of China National Petroleum Corp.’s (CNPC) PetroChina Co. Ltd., has let a second major contract to Metso Corp. for advanced valve technology at its 20-million tonne/year heavy crude oil processing plant in the Jieyang Nandahai Petrochemical Industrial Zone of China’s Guangdong province.

Construction nears for Egyptian refinery project

Apr 10, 2014

Egyptian Refining Co. (ERC) plans to begin construction this month on its grassroots refining upgrade project to be built within the existing Mostorod Petroleum Complex (MPC), 20 km northeast of Cairo in Qalyoubia Governate, Egypt.

Suncor begins planned maintenance at Alberta refinery

Apr 8, 2014

Suncor Energy Inc. has started planned maintenance at its 142,000-b/d refinery in Edmonton, Alta.

Moody’s: Global refining, marketing industry to see earnings rise this year

Apr 7, 2014

The global refining and marketing industry will continue to see pockets of earnings growth over the next year, but flat conditions overall, with product demand expected to increase modestly this year by 1.2 million b/d, according to a recent report from Moody’s. That demand increase will be roughly in line with net global capacity additions, Moody’s said.

MRPL starts delayed coker at Mangalore refinery

Apr 4, 2014

Mangalore Refinery & Petrochemicals Ltd. (MRPL), a subsidiary of Oil & Natural Gas Corp. Ltd., has commissioned a 3 million tonne/year delayed coking unit (DCU) that is part of a long-delayed project to expand its 194,000-b/d refinery in Mangalore, India.

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