| Asian Product Markets and Refinery Operations – April 2012 |
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VN >> 5/22/2013 - The Asian market continued bearish on the back of increasing supplies outpacing the regional seasonal weak demand, causing margins to fall, with the exception of fuel oil, which remained strong on the...
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| SOCAR Turkey Signs STAR Refinery Construction Agreement |
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TR >> 5/20/2013 - An agreement on construction of the Star refinery was signed at Chiraghan Hotel in Turkey. The document was signed by head of SOCAR Investments Division and Petkim’s Chairman of Board Vagif Aliyev, Ch...
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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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| 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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| 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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| 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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| 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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| 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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| 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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| 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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| 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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| 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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| 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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| 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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| Limited Fire Damage to Sohar Refinery |
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OM >> 3/12/2013 - Orpic said that the fire damage at its Sohar Refinery is limited to the Wet Gas Scrubber, a secondary unit within the plant. The unit has been fenced off and the company is in the process of restartin...
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| Iraq Selects Seven Firms to Bid for Nasiriya Project |
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IQ >> 3/12/2013 - Iraq has selected seven international oil companies (IOCs) to bid to develop its Nassiriya oilfield and build a refinery as part of plans to expand the country's downstream operations, the oil ministr...
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| Product Markets and Refinery Operations - Mar 13 |
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AT >> 3/12/2013 - Product markets continued the upward trend during February. The top of the
barrel became more bullish on the back of tightening sentiment, with gasoline
inventories falling in the Atlantic Basin ami...
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| Fire Extinguished at Mina Abdullah Refinery |
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KW >> 3/9/2013 - A fire described as "limited", which broke out at Mina Abdullah refinery, has been extinguished causing no casualties, said the Kuwait National Petroleum Company (KNPC). The fire, which occurred in th...
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| Tecnicas Wins Contract for Lukoil´s Volgodgrad Refinery |
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RU >> 2/14/2013 - OAO LUKOIL, through its subsidiary LUKOIL-Volgogradneftepererabotka, has awarded to TECNICAS REUNIDAS a lump sum turn key contract for the engineering and supply of the equipment and materials, constr...
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| Honeywell’s UOP Selected to Modernize Refinery in Kazakhstan |
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KZ >> 2/21/2013 - UOP LLC, a Honeywell company, announced that its technology has been selected by the largest refiner in Kazakhstan to help it upgrade its facility and boost the production of gasoline and diesel. ...
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| Sudan Buys 520,000 T Gas Oil to Avoid Refinery Damage |
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SD >> 2/18/2013 - Sudanese Petroleum Corp has bought 520,000 tonnes of gasoil for delivery over March to July from top oil trading house Vitol and Kuwait's Independent Petroleum Group (IPG), industry sources said. Suda...
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| Iran Agrees to Set Up Oil Refinery in Pakistan |
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PK >> 2/21/2013 - Pakistan’s Advisor to Prime Minister on Petroleum and Natural Resources, Dr. Asim Hussain, said Iran with the cooperating with Pakistan state oil (PSO) will step up an oil refinery at south western ci...
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| RORC to Increase Autogas Output by 30% in 2013 |
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RU >> 2/19/2013 - TNK-BP reports that in 2013 CJSC Ryazan Oil Refinery Company (part of the TNK-BP Group) plans to increase production of autogas (automobile propane-butane) by 30% – to 3.9 k tons. ...
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| China Oil Trade - April 2013 |
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CN >> 5/21/2013 - China’s crude oil imports rose slightly in March by 10 tb/d or 0.2% to average 5.5 mb/d, while refineries registered lower crude runs. In an annual comparison, crude imports dropped by 119 tb/d or 2% ...
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| WEC to Begin a New Refinery Project in La Salle County |
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US >> 5/20/2013 - Worldwide Energy Consortium, Inc. (WEC) announced that it will begin the initial Engineering/Permitting phase for its new refinery located near Gardendale in La Salle County Texas. The site was chosen...
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| Product Markets and Refinery Operations - Feb 13 |
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AT >> 2/12/2013 - Product markets in January reversed the declining trends seen since October.
The gasoline market became temporarily bullish on the back of tightening
sentiment, with inventories falling in the At...
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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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| Oil Trade - May 13 |
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AT >> 5/12/2013 - USA
According to preliminary data, US crude oil imports in April were almost stable
compared with last month’s level, averaging 7.7 mb/d, though they lost 870 tb/d or 10%
over last year....
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| Crude Oil Price Movements - May 13 |
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AT >> 5/12/2013 - OPEC Reference Basket
The OPEC Reference Basket (ORB) dipped by more than 5% for the second month in a
row in April. However, it continued to average above $100/b, supported by the lesser...
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| Yanbu Refinery to Reach Full Capacity This Week |
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SA >> 5/12/2013 - State-giant Saudi Arabian Oil Co., or Saudi Aramco, has restarted its Red Sea Yanbu refinery, which it owns with Exxon Mobil Corp. (XOM), after nearly two months of maintenance to bring a new clean-fu...
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| Tender for Port of Duqm Liquid Terminal by Year-End |
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OM >> 2/5/2013 - Plans for the development of a major Liquid Terminal at the Port of Duqm, designed to cater to the needs of a world-scale oil refinery as well as a future hydrocarbon-based industry in the Special Eco...
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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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| Ventech Nears Completion of A Crude Stabilizer Unit |
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IQ >> 2/1/2013 - Ventech Engineers LLC is nearing completion on the Khurmala Crude Stabilizer Unit, a project being engineered and fabricated for the KAR Group, an Iraqi oil and gas company. The stabilizer will serve ...
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| Spectra to Drop Down 50 % of Express-Platte Pipeline |
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CA >> 5/2/2013 - Spectra Energy Corp announced an agreement to drop down 50 percent of the Express-Platte Pipeline System (Express-Platte System) to Spectra Energy Partners for approximately $555 million in cash, appr...
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| Drilling Contract of 22 wells in South Yaran Oilfield Signed |
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IR >> 5/4/2013 - Drilling contract of 22 wells in South Yaran Oilfield was signed in the sideline of Iran’s 18th International Oil, Gas, Refining, and Petrochemical Exhibition. ...
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| Enterprise Plans to Expand Crude Oil Storage |
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US >> 5/2/2013 - Enterprise Products Partners L.P. (“Enterprise) announced plans to significantly expand its crude oil storage and distribution infrastructure serving the Southeast Texas refinery market. The expansion...
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| Libya to Help Ease Egypt Crisis with $1.2 Bln Oil Deal |
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EG >> 4/28/2013 - Libya will soon start shipping oil to neighbouring Egypt on soft credit terms, two senior Libyan officials said, as Cairo struggles to pay for energy imports and avoid fuel shortages. ...
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| RAE Introduces ProRAE Guardian Software Development Kit |
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US >> 4/24/2013 - RAE Systems Inc., the leader in innovative toxic-gas and radiation detection solutions, announced the introduction of ProRAE Guardian™ SDK, the industry’s first open XML-based software development kit...
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| Imperial Oil Estimated 1Q Financial & Operating Results |
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CA >> 4/25/2013 - Imperial Oil’s earnings in the first quarter of 2013 were $798 million, down 21 percent or $217 million from the first quarter of 2012. Lower earnings were primarily attributable to the impacts of low...
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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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| 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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| QP & Partners Sign JV Agreement for Laffan Refinery 2 |
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QA >> 4/22/2013 - Qatar Petroleum (QP) signed a Joint Venture Agreement with Total, Idemitsu, Cosmo, Marubeni and Mitsui for the new Laffan Refinery 2 (LR2) Project. ...
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| NISOC Signed Contract with Domestic Supplier |
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IR >> 4/23/2013 - A contact between National Iranian South oilfields company (NISOC) and a domestic supplier was signed on the sideline of the 18th International Oil, Gas, Refining & Petrochemical Exhibition in Tehran....
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| Mitsui Acquired 1% Interest in Laffan Refinery 2 |
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QA >> 4/22/2013 - Mitsui & Co., Ltd. ("Mitsui"; Head Office: Tokyo, President and CEO: Masami Iijima) entered into the joint venture agreement of Laffan Refinery 2 Project acquiring 1% interest in the venture (Laffan R...
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| Arabtec & Samsung Engineering Form New JV Company |
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AE >> 4/17/2013 - Arabtec Holding, a leading construction company in MENA, and Samsung Engineering Co., (Samsung Engineering) , Korea’s first and largest engineering company, announce the signing of a Memorandum of Und...
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