Refining
PetroChina's head of crude oil trading resigns, replaced by deputy
BEIJING (Reuters) -- The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company, a rare departure from a state-owned enterprise known for retaining talent in the midst of rapid expansion.
China's Sinopec buys first major African refinery in Chevron deal
BEIJING (Reuters) -- China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.
Clariant launches new phosphoric acid catalyst for fuel upgrading
MUNICH – Clariant, a world leader in specialty chemicals, today announced the launch of PolyMax 850, a catalyst for petroleum refineries. The new phosphoric acid catalyst increases polygasoline, nonene and tetramer yields at lower operating temperatures, reducing costs and boosting productivity. Compared to previous generations of the PolyMax series, the new catalyst offers an even longer service life.
Beset by delays, Myanmar-China oil pipeline nears start-up
YANGON/BEIJING (Reuters) -- Nearly a decade in the making, a project to pump oil 480 mi across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route.
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.
- 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
