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.
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.
Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys.
The 1970s were marked by several historical events that affected not only the hydrocarbon processing industry (HPI) but nations around the world.
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.
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.
The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study).
The following is a mixture of technical articles, columns and headlines published in the 1950s by Petroleum Refiner, the forerunner to Hydrocarbon Processing.
New capital project announcements are down 27% in 1Q 2022 vs. 1Q 2021.