Refining
BP halves stake in New Zealand's only oil refinery
WELLINGTON (Reuters) -- BP Plc on Friday said it had sold around half its roughly 20% stake in New Zealand Refining Company Limited for $56.2 million as part of a global portfolio review.
Latin America struggles to stem pricey fuel imports
HOUSTON (Reuters) -- Latin American countries are becoming more reliant on costly fuel imports amid floundering efforts to bolster domestic oil output and expand refinery capacity.
Calumet retains bank for potential sale of Wisconsin refinery
NEW YORK (Reuters) -- Calumet Specialty Products Partners has retained advisers for a potential sale of its refinery in Superior, Wisconsin, according to two people familiar with the matter.
India's IOC buys its first Hibernia crude from Canada's Suncor
CALGARY, Alberta/NEW DELHI (Reuters) -- Indian Oil Corp became India's first refiner to buy light sweet Hibernia crude from Canada's largest oil company, doing the deal after the opening of the arbitrage for Canadian oil to flow to Asia.
Mexico's Pemex says explosion at fuel storage facility injures 8
MEXICO CITY (Reuters) -- At least eight people were injured on Wednesday by explosion at a Pemex fuel storage and distribution facility near the state-owned oil company's Salamanca refinery, in the central Mexican state of Guanajuato, Pemex said on Twitter.
Saudi Aramco to resume oil product shipments to Egypt soon
CAIRO (Reuters) -- Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said on Wednesday, signaling a potential thaw in relations after months of tension.
China, Saudi Arabia eye $65 B in deals as king visits
BEIJING (Reuters) -- Saudi Arabia's King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing on Thursday, as the world's largest oil exporter looks to cement ties with the world's second-largest economy.
Sinopec starts operation of crude oil pipeline in south China
BEIJING (Reuters) -- China Petroleum and Chemical Corp has started operating a major crude oil pipeline that connects eastern Jiangsu province with refineries in south China, the company said in a statement.
EIA: Midwest, Rocky Mountain regions' production of transportation fuels meeting more of demand
Changes in North American energy markets over the past decade have strengthened the supply of transportation fuels, including motor gasoline, distillates, and jet fuel, in the Midwest and Rocky Mountain regions, according to a new study commissioned by EIA.
S.Korea's February crude imports from Iran jump 54% on year
SEOUL (Reuters) -- South Korea's crude imports from Iran jumped nearly 54% in February from a year ago as Tehran continues to ramp up output after sanctions over its disputed nuclear program were removed early in 2016.
- 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
