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Front-month crude prices jumped above $67/bbl to a 9-month high June 14 on the New York market following a government report of reduced US government refining capacity.
Japan Energy Corp. plans to spend about ¥2 billion at its Mizushima Refinery in Okayama Prefecture to increase capacity to 300,000 b/d and add processing units.
Repsol-YPF, planning to double the capacity of its 100,000 b/d Cartagena refinery in Spain, has awarded a $1.3 billion contract to Fluor for the project management of much of the project.
Citgo Petroleum Corp., Houston, has completed a crude vacuum expansion project at its Lake Charles, La., refinery, increasing the facility's crude oil processing capacity to 425,000-440,000 b/d from 325,000 b/d.
Flint Hills Resources LP plans a $100 million expansion of its Pine Bend refinery in Rosemount, Minn., that will increase the refinery's crude oil processing capacity to 330,000 b/d from 280,000 b/d.
Frontier Oil Corp. Tuesday announced plans to boost capacity at its El Dorado, Kan., refinery from 110,000 b/d to 118,000 b/d and increase the plant's coker capacity to 2,200 b/d. The expansion will cost $25.9 million -- $16 million for the crude unit and the remainder for the coker expansion.
Mangalore Refinery & Petrochemicals Ltd. (MRPL), a subsidiary of Indian government-owned Oil & Natural Gas Corp. (ONGC), unveiled plans to hike capacity of MRPL's refinery in Mangalore, India, to 225,000 b/cd from 180,000 b/cd by 2007.
President George W. Bush said Monday the US needs to develop more refining capacity to prevent future product shortages. Bush made the remarks following a meeting with his National Energy Policy Development Group, an interagency task force headed by Vice Pres.-Richard Cheney.
Exxon Corp.'s Esso Standard Thailand Ltd. has signed a major refinery expansion agreement with the government of Thailand. The two phase project will increase capacity of Esso Thailand's Sriracha refinery to 185,000 b/d from the current 63,000 b/d. It's one of Exxon's biggest refining projects. ...
remaining under pressure” in this year’s second half from depressed demand and “expected growth in global surplus refinery capacity ,” Caltex Australia announced Dec. 9 it will close its 3,300 b/d lube plant at Kurnell in Sydney. The closing is