Middle East
Saudi Arabia leaves US shale-processing plants to Shell in Motiva split
The refineries in Port Arthur, Texas, and Convent, Louisiana, had been growing apart for several years before the companies recently announced plans to split ownership.
Saudi Aramco looks to expand Asian downstream investments: CEO
Nasser said the Saudi oil giant is looking to expand its downstream investments in China, Malaysia, India, Vietnam and Indonesia. He was speaking at the China Development Forum in Beijing.
Unipetrol shuts Litvinov refinery for planned work
The Litvinov operations in the Czech Republic were hit by a blast at the steam cracker unit last August, and the plant's refinery has been running at reduced capacity.
Total, NPC sign deal for Iran petrochemicals plant
The complex will include a world-scale steam cracker unit in the coastal area. It will be based on a combination of feedstocks comprised of ethane, naphtha and LPG, as well as other available feed.
Saudi Aramco CEO eyes downstream conversion
The diversification would be underpinned by a widespread and rapid domestic expansion of small to medium enterprises that produce products in the petrochemicals conversion sector. the CEO said.
Global distillate markets remain oversupplied as freight demand lags
Recent data have been mixed. The consumer side of the US economy appears to be strong, but the industrial side is still struggling. And in the rest of the world, growth appears to be slowing.
SOCAR selects KBR venture to manage Baku refinery modernization
Total capacity will be increased from 6 MMtpy to 7.5 MMtpy, while the catalytic cracking unit will be raised from 2 MMtpy to 2.5 MMtpy. Euro 5 standards will be established for all refined products.
Kuwait refines crude pricing strategy in battle for European customers
Large sales from Iraq's Kurdistan into Europe have added to the competition and now Kuwait -- a usually little-noticed seller in Europe -- is both increasing sales and making its crude more attractive.
Saudis raise crude prices for Asian refiners as demand strengthens
The Saudis have become more convinced that the demand gains in oil from Asian refiners are sustainable, giving them the confidence to start raising prices.
Iran to raise oil exports in March amid more sales to European refiners
Litasco, the trading arm of Russia's Lukoil, Cepsa and Total have become the first buyers in Europe after the lifting of sanctions and lifted trial cargoes in February.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
