Refining
Saudi king's Asia tour trumpets Aramco's moves downstream
SINGAPORE (Reuters) -- Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 t of luggage, had a hardnosed marketing mission -- to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.
Russia to add more gasoline refining capacity in 2017
MOSCOW (Reuters) -- Five Russian refineries are expected to finish upgrades of their gasoline production units this year, with the new capacity potentially allowing Russia to boost exports of high-octane gasoline, according to Reuters calculations and trading sources.
Sinopec nears deal to buy Chevron's South African assets
NEW YORK/SINGAPORE (Reuters) -- China's Sinopec is nearing a deal to buy Chevron's South African oil assets for up to $1 billion to secure its first major refinery on the continent, several people familiar with the matter said.
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.
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