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received an official approval letter from the Brunei government to proceed with further works towards realization of the oil refinery project ," said Datuk Sufri Mohd Zin, executive chairman of Malaysia's TRC Energy Sdn. Bhd. "We will now proceed with the
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
will likely push back the scheduled commissioning date. Essar has been working diligently to acquire a partner for its refinery project . Its first two choices, Bharat Petroleum Corp. Ltd. (BPCL) and IOC, declined the opportunity, but Oman Oil Corp
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.
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.
Total SA said the award of construction tenders for its $10 billion Jubail refinery joint venture with Saudi Aramco has been delayed because of uncertainties in global financial markets.
Valero Energy Corp. broke ground Aug. 13 on a $2.4 billion expansion project at its 325,000-b/d refinery in Port Arthur, Tex.
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.