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within 18 months the crude oil production process will begin," said Del Pino. With Venezuela’s withdrawal from the refinery project , Thuc said the Vietnamese firm is seeking other partners, adding that the group will place a priority on investors who
the estimated cost of the joint-venture Abreu e Lima refinery project tentatively stands at $12 billion, or nearly three times ..... Petroleos de Venezuela SA (PDVSA). Site work at the refinery project , which started last year, is near completion, the company
Venezuela’s state-owned Petroleos de Venezuela SA and Italy's Eni SPA have agreed to invest $17 billion in two separate joint venture projects aimed at producing and refining from the Latin American nation's Orinoco belt.
China has approved the construction of two oil refineries on China's East Coast, costing more than $3 billion total, that will help the country meet an expected 10-15% increase in demand for petroleum products by 2007.
BP and Irving Oil, St. John, NB, have signed an MOU to work together on the next phase of engineering, design, and feasibility for the proposed 300,000 b/d Eider Rock refinery in St. John.
problem in their report on the 2008-09 budget. "The removal of the tax holiday on refining will adversely impact new refinery projects ," the report said. "Tax holiday claims for production of natural gas could also be questioned in the future." The
Chevron U.S.A. Inc. has changed its plan to modernize and upgrade the efficiency of its big Richmond, Calif., refinery. The 280,000 b/sd refinery's earlier plan called for construction of a 45,000 b/d Flexicoker. That part of the project will be dropped. A financial analysis showed total planning,
The 250,000 b/d refinery in Bahrain, a 60-40 venture between Bahrain National Oil Co. and Caltex, will undergo a $500-600 million revamp during the next 5-6 years. The program will replace a planned $1 billion investment on a deep conversion unit designed to reduce fuel oil yield from the refinery
that final decision, the agency did not disclose specific dates. In February, Calumet said the $400 million Montana refinery project , which includes the installation of a 20,000 b/d crude unit and a 25,000 b/d hydrocracker, will double the plant
the Chinese coastal city of Tianjin. The Sino-Russian refinery project has the firm support of the Tianjin city government. It ..... chemical area, could be completed by 2012. The idea for the refinery project received new life after Russia last month agreed to supply