Refining
Singapore's IEG to start trading crude oil, tap China demand
SINGAPORE (Reuters) -- Singapore-based trading start-up International Energy Group (IEG) this year plans to expand its portfolio to crude oil from products such as gasoline and gasoil, looking to tap growing Chinese demand.
GTC installs second dividing wall column for Indian refinery
HOUSTON -- GTC Technology has supplied its proprietary GT-DWC technology for a second Dividing Wall Column for Reliance Industries Limited (RIL) at the DTA Refinery in Jamnagar, India.
Thai oil targets 2017 refining rate at 100%-103% of capacity
BANGKOK (Reuters) -- Thailand's largest oil refiner Thai Oil said on Tuesday it aims to run its refinery at 100%-103% of its 275,000 bpd capacity in 2017, and has no plans for any maintenance shutdowns.
Sprague completes purchase of Capital Terminal’s Rhode Island terminal
PORTSMOUTH, N.H. -- Sprague Resources LP announced that its wholly owned subsidiary, Sprague Operating Resources LLC, completed the purchase of Capital Terminal Company’s refined product terminal asset in East Providence, RI for $23 million in cash, plus payments for other customary items. This terminal had been leased exclusively by Sprague since April 2014 and has a combined storage capacity of just over 1 million barrels.
Rosneft faces $100-MM bill to boost safety at Bashneft refineries
MOSCOW (Reuters) -- Russia's top oil producer Rosneft will have to spend up to $100 million to improve standards at ageing refineries it bought last year, industry sources have told Reuters.
Nigeria V.P.: Country must offer work to illegal refiners to reach peace
PORT HARCOURT, Nigeria (Reuters) -- Nigeria needs to offer work to people who make a living from illegally refining oil in the Niger Delta in order to achieve peace there, the African oil-producing nation's Vice President Yemi Osinbajo said on Tuesday.
China steps up Russian oil imports as teapots buy Urals crude
MOSCOW/SINGAPORE (Reuters) -- Russian crude imports to China have risen in early 2017 as the country's independent, or teapot, refiners have expanded their diet to include the Urals grade, trade sources said on Tuesday.
Saudi Aramco inks first oil contract with China's Huajin
SINGAPORE/BEIJING (Reuters) -- State oil giant Saudi Aramco has signed a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply crude in 2017, two sources with knowledge of the matter said on Monday.
Asia, Mideast oil product tankers idle as slow trade cuts earnings
SINGAPORE (Reuters) -- Dozens of tankers used to carry refined oil products are sitting idle in Asia and the Middle East as slow trade and an oversupply of ships have cut daily earnings to as little as a fifth of last year's level, shipbrokers and traders said.
Rosneft's Volga refineries in limbo over tax reform, low oil prices
MOSCOW (Reuters) -- Some of the domestic refineries of Russia's largest oil producer Rosneft have been hit hard by tax reforms and weaker oil prices, putting a strain on profits, sources and analysts told Reuters on Friday.
- 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
