Refining
Vitol clinches $1-B pre-finance oil deal with Iran
LONDON/DUBAI (Reuters) -- The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
General Atomics awarded contract at Hyundai Oilbank refinery
SAN DIEGO, CA – General Atomics Electromagnetic Systems announced that it has been awarded a contract for a six-module Gulftronic Electrostatic Separator system for installation at the Hyundai Oilbank Co. Ltd. Daesan refinery in the Republic of Korea.
Marathon Petroleum explores spin-off for retail business Speedway
(Reuters) -- Marathon Petroleum Corp announced a series of steps to increase its stock price, including the possible separation of its Speedway retail business, amid pressure from hedge fund Elliott Management.
Refiner Delek to buy rest of Alon USA for $464 MM
(Reuters) -- Refiner Delek US Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own for $464 million to increase its exposure to cheap crude produced in Texas's prolific Permian basin.
NuStar bolsters services at Port Corpus Christi with $93-MM acquisition
CORPUS CHRISTI, Texas – In an asset purchase, which closed Dec. 21, NuStar Energy L.P. added throughput capacity at its Port of Corpus Christi facilities, now capable of handling over 200 MMbpy.
HollyFrontier completes maintenance at Navajo refinery
DALLAS -- HollyFrontier Corporation announced that unplanned fourth quarter maintenance on its Navajo refinery Catalytic Reforming Unit (CRU) has been completed.
SK Innovation to invest up to $2.5 B in 2017 to boost growth
SEOUL (Reuters) -- SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, said on Sunday it will spend up to $2.49 billion in chemicals, oil exploration and battery businesses to boost its global growth.
Rosneft raises exposure to Germany's oil refining after BP deal
MOSCOW (Reuters) -- Russia's largest oil producer and its shareholder BP have completed dissolution of Ruhr Oel, their refining joint venture in Germany, Rosneft said on Thursday.
Sinopec starts supplying cleaner fuel to Beijing in anti-smog drive
BEIJING (Reuters) -- China's largest state refiner Sinopec Corp on Friday began supplying the Chinese capital with a new, lower-emission grade of petrol and diesel in line with efforts to combat smog that has plagued the country just a month into the winter.
Novel configuration for near-IR analysis of refinery LPG composition and control
Near-infrared (NIR) spectroscopy is a powerful tool that is in widespread use in the refining, chemical, pharmaceutical and agricultural industries. NIR spectroscopic process analyzers are commonly used in refineries for a variety of composition and physical property measurements, such as octane number, aromatics content and distillation properties of feed and finished products.
- 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
