Hydrocarbon Processing Aramco Trading plans to absorb Motiva Trading ahead of possible IPO The move to combine the businesses is expected to give potential investors a better sense of the scale of Aramco's trading and would also allow the state oil producer to simplify financial reporting and cut duplication. Under U.S. sanctions, Iran and Venezuela sign 20-year cooperation plan Iran and Venezuela, oil producers grappling with crippling U.S. sanctions, signed a 20-year cooperation plan in Tehran, with the Islamic Republic's supreme leader saying the allies would continue to resist pressure from Washington. Industry Perspectives: <i>Hydrocarbon Processing’s</i> Mid-Year Update webcast to be held in late June Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys. History of the HPI: The 1970s: Crises, clean air, plastic bottles and the DCS The 1970s were marked by several historical events that affected not only the hydrocarbon processing industry (HPI) but nations around the world. Global refiners falter in efforts to keep up with demand Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka. History of the HPI: The 1960s: Synthetic oils, zeolite catalysts, LLDPE, OPEC and and creation of the PLC During the 1960s, the global refining and petrochemical industries witnessed new processes and products that enhanced the daily lives of millions of people around the world. Business Trends: Insights from the <i>2020 Worldwide Fuels Refinery Performance Analysis</i> The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study). HP Flashback: Excerpts from the 1950s: Capacity expands after WW2 and technologies and maintenance mature The following is a mixture of technical articles, columns and headlines published in the 1950s by Petroleum Refiner, the forerunner to Hydrocarbon Processing. History of the HPI: The 1950s: Capacity expansion, HDPE/PP, polycarbonate, computers and rocket science The 1950s marked an evolution in the use of oil by nations around the world. Industry Perspectives: 1Q project announcements this year down vs. 1Q 2021 New capital project announcements are down 27% in 1Q 2022 vs. 1Q 2021.