A fire at the Lanaz refinery in the northern Iraqi city of Erbil has been brought under control by civil defence teams, the state news agency INA reported.
The MoU establishes a stronger partnership and coordination among the three associations, including joint forums.
Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer.
Since mid-January 2022, the geopolitical risk related to Russia’s further invasion of Ukraine has contributed to higher and more volatile crude oil prices.
Mexican state oil company Pemex's newest refinery will reach half of its crude processing capacity in July, the national president said, marking the latest shift in timing for the project's operations.
A large-scale reconstruction has been completed at the Volgograd refinery. The project included modernization of the CDU-VDU-5 crude distillation unit with production capacity of 3.5 MMtpy and the solvent extraction unit with production capacity of 300, 000 tpy.
A full recovery in jet fuel consumption will boost Asian refiners' margins and crude demand further, lifting global prices.
Harvest Midstream will buy the Belle Chasse terminal in Louisiana from U.S. refiner Phillips 66, the privately held company said this week, a move that will boost its existing regional crude pipeline systems.
Strike action at Exxon Mobil’s 270,000 bpd Fawley oil refinery in southern England is set to resume on Jan. 9, a GMB union spokesperson said this week.
Technip Energies has been awarded a contract for the supply of proprietary cracking furnaces for the 2 MMtpy ethane cracker for the Golden Triangle Polymers project.