Economics
UAE's ENOC to self-fund refinery expansion
Emirates National Oil Co. has decided it will self-finance the $1-B expansion of its Jebel Ali oil refinery.
Ivory Coast says to organize debt relief for state oil refinery
Ivory Coast will organize debt relief for the state oil refinery using public and private funds.
ExxonMobil boss, Saudi minister differ on oil investment outlook
ExxonMobil's CEO Rex Tillerson and Saudi Arabia's energy minister took opposing views on declining investment in the oil sector setting the stage for a possible major supply crunch.
Another quarter of weak results looms for US refiners
US independent refiners such as PBF Energy and Phillips 66 are expected to report another quarter of disappointing profits in coming weeks.
Chevron completes first bid round on British Columbia refinery
Chevron Corp. completed an initial round of bidding on its Burnaby, British Columbia, refinery as part of its plan to divest small refineries that are not considered core assets.
Shell retains Deutsche Bank to seek buyer for California refinery
In the midst of a three-year, $30-B divestment plan, Royal Dutch Shell has retained Deutsche Bank to sell its Martinez, California refinery.
Rosneft's partner in Essar deal says may sell stake within 5 years
Russian private investment group United Capital Partners, which is teaming up with oil giant Rosneft to buy India's Essar Oil in a $12.9-B deal, said it may sell its stake within five years.
Petrobras approves sale of Okinawa refinery, terminal to Taiyo Oil
Petrobras’ Board of Directors approved the sale of 100% of the shares of the Nansei Seikyu refinery and terminal to Taiyo Oil Company.
Covestro declares force majeure on polyurethane raw materials
Due to an unforeseen production outage at a supplier of nitric acid, Covestro’s European production facilities for the isocyanates MDI and TDI can currently only be operated at reduced capacity.
Air Products and NICE sign MOU to develop hydrogen fuel projects in China
Air Products and the National Institute of Clean-and-Low-Carbon Energy have signed a memorandum of understanding to develop hydrogen fuel projects in China.
- KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit 1/14
- Chinese, Indian refiners seek new supplies as US sanctions tighten grip on Russian oil 1/14
- Clariant to fight 1.4-B euro ethylene lawsuit from BASF 1/14
- Poland's Orlen plans to invest up to nearly $92 B by 2035 1/14
- Genesis Fertilizers, Stamicarbon partner to advance sustainable urea production 1/14
- Sinopec Shanghai Petrochemical to invest $2.9 B to upgrade Chinese operations 1/14
