Refining
Kuwait’s KPC to sell struggling assets to cut costs
Nizar al-Adsani, chief executive of KPC, was quoted as saying the company had started efforts to sell its Europoort refinery in the Netherlands and had decided to shut a fertilizer plant.
US gasoline costs fall to lowest levels since 2009
The latest price was 37 cents lower than a year ago as competitive pressures prompted refineries to drop wholesale gasoline prices amid weak oil prices, Lundberg said.
Iran mulls investment stakes in foreign refineries
Hamid Sharif Razi said the NIOEC holds a 30% stake in a 250,000-bpd refinery project in Malaysia, and was planning to take a 40% stake in a 300,000-bpd refinery in Indonesia.
India’s reduced refined product exports contrast with Chinese boom
It seems clear that the trends are firmly established for now, and longer term it's likely that India may become a net importer of fuel, as domestic demand growth tops refinery construction.
Petrofac picks Bertin Technologies to track gas at Aramco’s Jazan refinery
The Second Sight solution has been selected by Saudi Aramco and Petrofac because it offers several benefits that complement conventional gas detection methods.
Argentina hikes ethanol blending rate in gasoline
Officials said that the latest ethanol measure would likely become effective from March or April. The ultimate aim was to raise the required blend of ethanol in gasoline to 15%.
China’s private refiners eat into oil glut, but Asian fuel surplus looms
State refiners have already been exporting fuels at record amounts, but a lack of export infrastructure is hampering teapots' efforts despite winning government export permits.
Commodity slump pressures Japanese oil refiners
Oil refiners including JX Holdings and Idemitsu Kosan are expected to post over 500 billion yen in inventory losses in the year to March, according to Reuters calculations.
PBF to buy four US refined product terminals
The terminals are near PBF Energy's refineries in Delaware City, Delaware, and Paulsboro, New Jersey. The acquisition will approximately double PBF's total system capacity.
API launches web tool to connect veterans with energy industry jobs
To better understand the long-term employment needs of the industry, a recent study from IHS Global estimates that more than 950,000 job opportunities could be created by 2020 and nearly 1.3 million job opportunities through 2030 across the country in the oil and natural gas industry.
- 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
