Refining
China's 2017 crude oil quotas exceed last year's, teapots take a cut
BEIJING/SINGAPORE (Reuters) — China last week issued a second batch of crude oil import quotas under the so-called "non-state trade" that is higher than for all of the allowances in 2016, but allotments to independent refineries were lower than a year earlier.
Fire at Mexico's Salina Cruz refinery has been put out
MEXICO CITY (Reuters) — A fire that completely shut down Mexico's Salina Cruz oil refinery has been put out but operations have yet to be restarted, state-owned petroleum company Pemex said on Friday.
MMEX Resources announces plans for initial 10 Mbpd Permian Basin refinery
AUSTIN, TEXAS — MMEX Resources Corp., a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced an agreement with Crown Bridge Partners, LLC for an issuance of up to $3 MM of equity securities, as well as plans to build a 10,000 bpd crude distillation unit near Fort Stockton, Texas as an initial unit for the $450 MM, 50,000 bpd Pecos County refinery project announced by MMEX earlier this year.
S.Korea's May Iranian crude oil imports fall to 8-mth low
SEOUL (Reuters) — South Korea's Iranian crude oil imports dropped in May to their lowest in eight months as refiners bought less of the Middle Eastern nation's condensate, while Tehran struggled to maintain shipment volumes after exhausting stocks stored on tankers.
Fire breaks out at Mexico's top refinery, 9 people hurt
MEXICO CITY (Reuters) — A major fire broke out at Mexican state oil producer Pemex's Salina Cruz refinery on Wednesday after a crude spill, injuring nine people and extending the shutdown of the plant into a second day, the company said.
Dangote awards DuPont contracts for new oil refinery in Nigeria
WILMINGTON, Del. — DuPont Clean Technologies announced that Dangote Oil Refinery Company Ltd has commissioned a range of advanced proprietary equipment from DuPont for the construction of a new refinery in Lekki, near Nigeria’s capital, Lagos. The new refinery is set to become the largest single-train refinery in the world and the complex will include a petrochemical plant, a fertilizer plant and a subsea pipeline project.
Mexico's Pemex says can restart Salina Cruz refinery operations
MEXICO CITY (Reuters) — Mexico's state-owned oil firm Pemex said on Tuesday on Twitter that conditions are present to safely restart operations at its Salina Cruz refinery in the southern state of Oaxaca.
China's May oil output lowest on record; refiners churn out more
BEIJING (Reuters) — China's crude oil production fell to its lowest on record in May, even as refineries in the world's top buyer of crude churned out product at their fastest pace in nearly two years, data showed on Wednesday.
IHS Markit: Methanol demand growth driven by methanol-to-olefins, China demand
HOUSTON — Methanol, a basic chemical used to produce fuels and other traditional chemicals, is increasingly used in China to produce olefins in a process called methanol-to-olefins (MTO). By 2021, nearly one in five tons of global methanol production will be utilized for MTO production to satisfy expanding Chinese chemical demand, according to new analysis from IHS Markit.
Judge throws out fines against Tesoro for deadly refinery blast
HOUSTON (Reuters) — A Washington state administrative judge threw out $2.4 MM in fines levied against refiner Tesoro Corp for a 2010 explosion that claimed the lives of seven workers at the company's Anacortes, Washington, refinery.
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