Refining
South Africa to decide on new oil refinery this year
CAPE TOWN (Reuters) — South Africa, a net importer of refined oil products, needs a new refinery and the cabinet is expected to make a firm decision later this year on whether to build one, the new energy minister said on Friday.
Full tanks and tankers: a stubborn oil glut despite OPEC cuts
NEW YORK/LONDON/SINGAPORE (Reuters) -- After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks.
Saudi Aramco to sign deals with US firms during Trump visit
JEDDAH, Saudi Arabia (Reuters) -- Saudi Aramco is due to sign deals with 12 US companies on Saturday during US President Donald Trump's visit to Saudi Arabia, sources with knowledge of the matter said.
Nigeria's NNPC finalizing $6 B worth of oil-for-product swaps
LONDON (Reuters) -- Nigeria's state oil company is in the final stage of signing $6 B worth of deals to exchange more than 300,000 bpd of crude oil for imported gasoline and diesel, sources with direct knowledge of the process told Reuters.
Saudi Aramco says to set up new chemicals unit
JEDDAH, Saudi Arabia (Reuters) -- Saudi Aramco plans to set up a new chemicals subsidiary, the company said in its official magazine, The Arabian Sun, on Wednesday.
Rosneft eyes joint oil supplies to Egypt with Italy's Eni
SOCHI, Russia (Reuters) -- Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesday.
Uganda selects firms for refinery talks, ready to sign exploration deals
KAMPALA (Reuters) -- Uganda's energy ministry said on Wednesday it would award three exploration licences next month and also said it had selected two firms with whom it would start negotiations for a possible agreement to develop a planned crude refinery.
Iraq replaces Saudi as top oil supplier to India in April
NEW DELHI (Reuters) -- Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking and Thomson Reuters trade flow data showed.
BASF selects Jacobs to support site engineering in Germany
DALLAS -- Jacobs Engineering Group Inc., as one of BASF’s Global Engineering Partners for Large Capital Projects, provides engineering, procurement and construction management services for BASF sites worldwide.
Philadelphia refiners face run cuts due to Sunoco pipeline shutdown
NEW YORK (Reuters) -- Philadelphia area refiners may be forced to cut production in coming months because Energy Transfer Partner LP's Sunoco Logistics is temporarily shutting down a key pipeline that carries refined products into central Pennsylvania, two sources told Reuters.
- 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
