Oil Treating & Refining News
| Austria >> 6/11/2013 - Product markets exhibited mixed performance in May. The top of the barrel
strengthened slightly due to gasoline starting to snap out of its spring slump. However,
this was not enough to offset losse... |
| United States >> 6/3/2013 - BP has completed the previously announced sale of its Carson, California refinery and related logistics and marketing assets in the region to Tesoro Corporation for approximately $2.4 billion as part ... |
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Austria >> 5/29/2013 - US gasoline demand stood at around 8.5 mb/d in April, a level similar to that of the previous month, but down by around 300 tb/d from the same month a year earlier. The gasoline cracks lost the ground... |
| Kuwait >> 5/28/2013 - Kuwait's state-run oil group signed a 147 million dinar ($514 million) contract with South Korea's Daelim Industrial Co. to build and upgrade facilities at an oil refinery in the Gulf Arab state, stat... |
| Iran >> 5/26/2013 - Sanctions against Iranian oil has left Europe’s recession-hit Mediterranean refiners short of their preferred oil grades at a time when the rest of the world has plentiful supply. ... |
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Vietnam >> 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... |
| Turkey >> 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... |
| Russia >> 5/20/2013 - Gazprom Neft has adopted a mid-term investment program for its Moscow Oil Refinery. The company will invest over 50 billion rubles in modernization of the enterprise in 2013-2015, which will make it p... |
| United States >> 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... |
| Austria >> 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... |
| Iran >> 5/12/2013 - Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced. ... |
| Russia >> 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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China >> 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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United States >> 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... |
| Algeria >> 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. ... |
| Uganda >> 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... |
| Austria >> 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... |
| Austria >> 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... |
| Pakistan >> 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... |
| Russia >> 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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