| Turkey, Egypt Agree with Iran Proposed Petrochemical OPEC |
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IR >> 5/20/2013 - Iranian deputy oil minister says, Turkey and Egypt has agreed with Irans proposal to form an international petrochemical association much like Organization of Petroleum Exporting Countries (OPEC), sta...
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| BP One Step Closer to Completion of Carson Refinery |
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US >> 5/17/2013 - BP announced that it expects to complete the sale of its Carson Refinery and Southwest U.S. retail assets to Tesoro Corporation in the second quarter of this year now that the transaction has received...
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| Total Buys Shell's Retail Network in Egypt |
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EG >> 5/15/2013 - French oil company Total SA Wednesday confirmed it acquired Royal Dutch Shell PLC's fuel retail network in Egypt as part of its strategy to strengthen its distribution position in the country and wide...
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| Orpic Plans Study to Build $4b Project |
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OM >> 5/14/2013 - Oman Oil Refineries and Petroleum Industries Company (Orpic) plans to conduct a study for a proposed steam cracker plant to produce polypropylene and polyethylene as part of its business development p...
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| TOYO Awarded FEED for Polyethylene Plant in USA |
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US >> 5/16/2013 - Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) was awarded a contract from Sasol North America, Inc. (Sasol) to provide Front End Engineering Design (FEED) services for a 4...
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| Technip Awarded Contract for Polyethylene Expansion Project in Canada |
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CA >> 5/16/2013 - Technip was awarded by NOVA Chemicals Corporation the detail engineering, and procurement services contract for the Polyethylene 1 expansion project located at their Joffre site near Red Deer in Alber...
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| Gazprom & Petrovietnam Sign MOU in Natural Gas Use |
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RU >> 5/14/2013 - In Moscow Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee and Nguyen Vu Truong Son, Vice President of Petrovietnam State Oil and Gas Corporation signed in the presence of Dmitry M...
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| Product Markets and Refinery Operations - May 13 |
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AT >> 5/12/2013 - Product markets continued losing ground in April due to sharp declines in light and
middle distillate cracks, pressured by increasing supplies, along with weaker demand
worldwide. Refinery margins i...
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| Iran to Build 6 Oil Refineries in Africa |
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IR >> 5/12/2013 - Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced. ...
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| Sipchem Starts Up Ethyl Acetate & Butyl Acetate Plant |
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SA >> 5/10/2013 - Saudi International Petrochemical Company (Sipchem) announces the start-up of ethyl acetate (EA) & butyl acetate (BA) plant owned by Sipchem Chemicals Company (fully owned by Sipchem) at its complex i...
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| The Light-Sweet/Heavy-Sour Crude Spread |
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AT >> 5/13/2013 - In Europe, sweet/sour differentials narrowed as demand for medium-sour Urals received a boost from arbitrage with several cargoes seen leaving for both Asia and the USGC over March. The drop in the li...
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| The Crude Oil Futures Market Structure |
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AT >> 5/9/2013 - The Nymex WTI market structure narrowed over the month as new pipelines started to reduce the bottleneck in the Cushing area, the home of WTI. The Longhorn pipeline — which was reversed to run from Cr...
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| Crude Oil & Oil Products Export for April 2013 |
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AZ >> 5/1/2013 - SOCAR Marketing and Economic Operations Department exported 159 thousand 155 tons of crude oil from the Novorossiysk Port, 242 thousand 367 tons of crude oil from the Supsa Port, and 1 million 830 tho...
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| Rosneft and Mitsui Sign MOU to Jointly Develop FEPCO Project |
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RU >> 4/29/2013 - Rosneft and Mitsui signed a Memorandum of Understanding to jointly develop FEPCO project - one of the largest petrochemical projects globally. The MoU was signed by Rosneft President and Chairman of t...
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| The Crude Oil Futures Market |
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AT >> 4/24/2013 - Crude oil futures prices declined in the month of March, with prices for both Brent and WTI falling well below last month’s highs. Reduced refinery demand due to substantial maintenance worldwide was ...
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| Asian Product Markets and Refinery Operations – Mar 2013 |
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CN >> 4/24/2013 - The Asian market became bearish on the back of weak regional demand which — along with increasing supplies — caused cracks to fall, despite heavy maintenance in the region.
The gasoline cra...
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| Omsk Refinery Produces over 1 Million Tons of Euro 4 and Euro 5 Gasoline in 1Q 2013 |
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RU >> 4/18/2013 - The Gazprom Neft Omsk Oil Refinery processed 3.7 percent more oil in the first quarter of 2013 than it did in the first quarter of the previous year, bringing its total refining volume up to 5.09 mill...
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| New Automatic Filling Station Opened in Almetyevsk |
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RU >> 4/19/2013 - Another automatic TATNEFT's filling station has been opened at Mira Street in Almetyevsk (Republic of Tatarstan). ...
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| US Product Markets and Refinery Operations – March 2013 |
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US >> 4/20/2013 - US gasoline demand stood at around 8.5 mb/d in March, a level similar to that of the previous month, but down by around 170 tb/d from the same month a year earlier. The gasoline cracks managed to keep...
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| Delivery of 4 Process Modules for Nylon 6,6 Plant |
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SA >> 4/13/2013 - Petrochemical Conversion Company Ltd. (PCC) announced the successful transport of four process modules to the Port of Jubail in the Kingdom of Saudi Arabia for the company’s new world-scale nylon 6,6 ...
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| Pakistan State Oil to Set up Refinery in Khyber Pakhtunkhwa |
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PK >> 4/11/2013 - As part of the new vision of Pakistan State Oil (PSO) to make the leading public sector company an integrated energy company and with the determination to secure Pakistan?s energy supply chain, PSO ha...
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| Algeria Plans Six New Oil Refineries |
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DZ >> 4/15/2013 - Algeria plans to double its oil refining capacity in the next five years by building 6 new refineries, Oil Minister Youcef Yousfi said on a visit to Britain. ...
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| Uganda Reaches Deal with Total, CNOOC over Refinery |
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UG >> 4/15/2013 - Uganda, France's Total and China's CNOOC have agreed to build a small oil refinery in the east African country, Uganda's government said, in a step towards resolving disagreements that have delayed co...
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| Product Markets and Refinery Operations - Apr 13 |
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AT >> 4/12/2013 - Product markets turned bearish during March — losing the ground gained over the
previous months — due to declines in light and middle distillate cracks. Markets
weakened under the pressure of increa...
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| Crude Oil Price Movements - Apr 13 |
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AT >> 4/12/2013 - OPEC Reference Basket
The OPEC Reference Basket retreated by more than 5% in March to average
$106.44/b. The decline was the largest since the 14% drop in June last year. The
Basket’s va...
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| Oil Product Markets Ahead of Summer - Apr 13 |
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AT >> 4/12/2013 - Product markets showed a mixed performance in the second half of last year. Gasoline and middle
distillates were bullish, due to the tight market during the driving season. Stocks fell below their fi...
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| A New Filling Station Was Opened in Vladimir Region |
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RU >> 4/10/2013 - New filling station No. 459 has been opened at the following address: 119-th km of the "Vladimir - Murom - Arzamas" highway in Murom district of Vladimir region. It is the thirteenth station of TATNEF...
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| Surgutneftegas Reports Operating Results for March 2013 |
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RU >> 4/8/2013 - In March 2013, Surgutneftegas produced 5.211 mn tons of crude oil. Compared to the same period of 2012, added crude output equaled 0.7%. ...
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| Surgutneftegas Maintains Crude Output Growth |
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RU >> 2/5/2013 - In January 2013, Surgutneftegas produced 5.214 mn tons of crude oil. Compared to the first month of 2012, added crude output exceeded over 1%. ...
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| Omsk Refinery Begins Conversion Depth Boosting Projects |
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RU >> 4/5/2013 - The Omsk Oil Refinery has begun developing design specifications and cost estimates for production facilities that are planned for construction and modernization as part of the second stage of the ref...
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| Muntajat Exports 70% of Qatar’s Chemical & Petrochemical |
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QA >> 4/4/2013 - Within three months of its launch, Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) Q.J.S.C. has become responsible for exporting 68.8 percent in volume of Qatar’s chemic...
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| TOYO Awarded $400m EPC Contract for Polyethylene Plant |
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EG >> 4/2/2013 - Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) has been jointly awarded with ENPPI, an engineering company under the Egyptian Ministry of Petroleum, a contract to build a 4...
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| Shell to Sale its Last Australian Refinery |
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AU >> 4/4/2013 - The proposed sale of the 120 kb/d refinery is in line with Shell’s global strategy to concentrate investment on large scale sites, such as the company’s world scale Pulau Bukom refinery in Singapore. ...
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| Gazprom Neft Becomes Designated Aviation Fuel Supplier |
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RU >> 4/4/2013 - Gazpromneft Aero, the operator of Gazprom Neft’s aviation fuel business, has become the designated aviation fuel supplier for five more airbases of the Russian Ministry of Defense, including bases in ...
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| SOCAR Commissions New Gas Station in Ukraine |
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UA >> 4/2/2013 - The State Oil Company of Azerbaijan has commissioned 8th gas station in the west of Ukraine - Lviv. This unique filling station with fuel-dispensing unit is designed to quickly serve a large number of...
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| SOCAR Crude Oil & Oil Products Export for March 2013 |
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AZ >> 4/2/2013 - SOCAR Marketing and Economic Operations Department exported 159 thousand 584 tons of crude oil from the Novorossiysk Port, 238 thousand 266 tons of crude oil from the Supsa Port, and 1 million 414 tho...
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| Asian Product Markets and Refinery Operations |
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CN >> 4/2/2013 - The Asian market continued its recovery on the back of firm regional demand which, along with the expectations of tighter regional supplies, allowed cracks to improve. ...
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| Gulf RAK Oil Launches New Lubricant Plant |
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AE >> 3/30/2013 - Gulf RAK Oil LLC, a state-of-the-art lubricant manufacturing plant and grease processing facility, jointly set up by the Government of Ras Al Khaimah and Gulf Oil International, the energy wing of Hin...
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| South Sudan Signs Fuel Supply Agreement with Trafigura |
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SS >> 3/26/2013 - The Government of South Sudan has signed a fuel supply agreement with Trafigura Pte Ltd. ...
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| Saudi Aramco to Become World’s Top Oil Refiner |
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SA >> 3/26/2013 - Saudi Arabian Oil Co., the world’s biggest crude exporter, also expects to become the top producer of refined products such as fuel and petrochemicals, according to Khalid al-Falih, the company’s chie...
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| Gazprom Neft Updates Motor Oils Business Development Strategy 2025 |
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RU >> 3/18/2013 - Gazpromneft Lubricants, the Gazprom Neft subsidiary that specializes in the production and sale of motor oils, lubricants, and technical fluids, has updated its long-term development strategy by defin...
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| The Light - Sweet / Heavy - Sour Crude Spread |
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AT >> 3/25/2013 - Sweet/sour spreads widened globally in February. Tapis versus Dubai and Dated Brent versus Urals Med managed to pull off gains over the month, benefiting from persistent weakness in sour crude differe...
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| AMGAS Launches New Sour Oil Recovery Process in ME |
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CA >> 3/24/2013 - AMGAS Services Inc. (AMGAS) announced the launch of its new Sour Crude Oil Recovery (SCOR) process in response to the increased development of sour oil and gas in the Middle East. Sour oil and gas wel...
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| The Crude Oil Futures Market Structure |
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AT >> 3/20/2013 - The backwardation in the Brent market structure fell back in February under pressure from both the demand side and the supply side. Global demand was being hit by some 4 mb/d of idle refining capacity...
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| Brazil Should Sell 10 Bln Barrels of Oil Rights |
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BR >> 3/18/2013 - Brazil's oil regulator ANP suggested that the government sell 10 billion barrels of recoverable petroleum at an auction of exploration and production rights in November, ANP chief Magda Chambriard tol...
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| The Crude Oil Futures Market |
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AT >> 3/16/2013 - International crude oil futures prices retained their strength in February, spurred on during the first half of the month by a more positive economic sentiment, the bullish US gasoline market, product...
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| Petrogas Crude Oil Output Rises to 56,000 Bpd |
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OM >> 3/18/2013 - Crude oil production from assets operated by Omani exploration and production firm Petrogas climbed to a record 56,000 barrels per day (bpd) last year, the company said in a report. This compares with...
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| Iranian President Launched the Largest Gasoline Refinery |
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IR >> 3/16/2013 - Iran biggest gasoline production plant with an output capacity of 16 million liters (ml) of petrol per day has been inaugurated by Iranian president Mahmoud Ahmadinejad near the central city of Shazan...
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| US Product Markets and Refinery Operations – Feb 2012 |
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AT >> 3/17/2013 - US gasoline demand stood at around 8.5 mb/d in February, increasing around 100 tb/d from the previous month but down by around 170 tb/d from the same month a year earlier. The gasoline cracks strength...
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| IATA to Provide Best Quality Jet Fuel Supply Service |
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RU >> 3/13/2013 - The International Air Transport Association (IATA) has recognised Gazpromneft-Aero’s refuelling facility at Moscow Sheremetyevo International Airport as providing the best quality jet fuel supply serv...
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