Refining
S.Korea's GS Caltex shuts heavy oil upgrading unit after fire
SEOUL (Reuters) — GS Caltex, South Korea's second-largest oil refinery, said it has shut a heavy oil upgrading unit after a fire mishap on Thursday.
KMGI to expand petrol station network in Romania, Bulgaria once legal issues resolved
BUCHAREST (Reuters) — Oil refiner KMG International(KMGI) wants to open more petrol stations in Romania and Bulgaria and is on the lookout for acquisitions in central Europe once its legal problems are resolved, a company executive told Reuters.
Vietnam refinery operator plans $84 MM IPO, eyes 49% strategic sale
HANOI (Reuters) — Vietnam's sole refinery operator Binh Son Refining (BSR) plans to sell 4% of its shares in an initial public offering in November and to sell another 49% of its shares to strategic investors next year, its chairman said on Thursday.
Rosneft's Tuapse plant suspends oil refining from Aug. 7–10
MOSCOW (Reuters) — Unplanned maintenance works have suspended oil refining at the Tuapse refinery, owned by Russia's largest oil company Rosneft, from Aug. 7–10, data released by the Russian Energy Ministry showed on Wednesday.
Major turnaround at Neste refinery to complete planned production structure change
In mid-August, Neste will begin a two-month shutdown at its refinery in Naantali, Finland. The major turnaround will complete the plan first introduced in 2014 to implement closer integration of the operations of the two Finnish refineries under uniform management. The Finnish refinery operations of Neste consist of four production lines at the Porvoo refinery, and one in Naantali.
Sinopec, PetroChina oil assets unaffected by quake in China's Sichuan
BEIJING (Reuters) — Sinopec Corp said its oil storage facilities and petrol stations have not been affected by the earthquake that struck a remote and mountainous part of the province of Sichuan in southwestern China on Tuesday night.
S.Korea's SK Energy buys 1st US crude oil in move away from Middle East
ULSAN, South Korea (Reuters) — South Korea's top refiner SK Energy is buying its first-ever continental US crude oil shipment as producer club OPEC's output cuts raise MidEast prices, giving other suppliers a chance to compete for the world's juiciest oil market—Asia.
Shorting the short: Investors bet against Icahn's oil refiner after biofuel trade
NEW YORK (Reuters) — Investors have built up a large short position in investor Carl Icahn’s oil refining company, CVR Energy, in the past three months, according to Reuters data, as evidence mounts that the company’s gamble on the biofuels market is going sour.
Russia's Rosneft plans to close Essar deal in coming days
MOSCOW (Reuters) — Russia's Rosneft plans to close the deal to buy a stake in India's refiner Essar Oil in the coming days, Pavel Fyodorov, Rosneft first vice-president, told a conference call on Tuesday.
Shell restarting units at Pernis oil refinery
LONDON (Reuters) — Royal Dutch Shell said on Tuesday it was restarting a number of units at Europe's largest oil refinery in the Netherlands following a 10-day outage.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
