Oil Treating & Refining News

Product Markets and Refinery Operations - Jul 13
Austria >> 7/13/2013 - Product markets exhibited a mixed performance in June. The top of the barrel weakened in the Atlantic Basin with gasoline losing ground due to limited demand on the Atlantic Coast which has not so f...
Technip Awarded Contract for 2 Hydrogen Reformers in Venezuela
Venezuela >> 7/1/2013 - Technip was awarded by the Hyundai-Wison consortium a significant contract to supply its proprietary technology as well as engineering and procurement services for two hydrogen reformers in Venezuela....
Asian Product Markets and Refinery Operations
Asian Product Markets and Refinery Operations India >> 6/25/2013 - The Asian market continued to be bearish, although cracks stopped falling on the back of increasing regional demand amid some supply limitations due to refinery outages in the region. This allowed pro...
US Product Markets and Refinery Operations
US Product Markets and Refinery Operations Austria >> 6/17/2013 - US gasoline demand stood at around 8.7 mb/d in May, 230 tb/d higher than the previous month, but down by around 270 tb/d from the same month a year earlier. The downward trend in gasoline cracks seen ...
Product Markets and Refinery Operations - Jun 13
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...
BP Completes Sale of Carson Refinery
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 ...
US Product Markets and Refinery Operations – April 2012
US Product Markets and Refinery Operations – April 2012 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 Inks $514 m Refinery Upgrade Deal with Daelim
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...
Mediterranean Refiners Battle Oil Shortage over Iran Sanctions
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. ...
Asian Product Markets and Refinery Operations – April 2012
Asian Product Markets and Refinery Operations – April 2012 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...
Gazprom Neft to Invest 50 Billion Rubles in Moscow Refinery
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...
SOCAR Turkey Signs STAR Refinery Construction Agreement
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...
BP One Step Closer to Completion of Carson Refinery
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...
Iran to Build 6 Oil Refineries in Africa
Iran >> 5/12/2013 - Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced. ...
Product Markets and Refinery Operations - May 13
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...
Rosneft and Mitsui Sign MOU to Jointly Develop FEPCO Project
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...
Asian Product Markets and Refinery Operations – Mar 2013
Asian Product Markets and Refinery Operations – Mar 2013 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...
US Product Markets and Refinery Operations – March 2013
US Product Markets and Refinery Operations – March 2013 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...
Uganda Reaches Deal with Total, CNOOC over Refinery
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...
Algeria Plans Six New Oil Refineries
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. ...

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