Refining
Aramco, Total ship first refined product cargo from new Jubail complex
SATORP, a joint venture of Saudi Aramco and Total, has begun shipping refined products from the Jubail complex in Saudi Arabia. The full conversion of the Jubail complex is designed to refine 400,000 bpd of oil to produce high grade automotive fuel. It is scheduled to be completed by late 2013.
INEOS workers vote to strike at Grangemouth refinery in Scotland
More than 81% of workers at INEOS' Grangemouth refinery in Scotland have voted to strike, according to a Friday news release from local trade union group Unite. The Grangemouth refinery can process 210,000 bpd of crude, with roughly 30% of its output as distillates, according to Bloomberg.
Brazil to raise gasoline, diesel prices by 5%
Petrobras sells gasoline at about a 30% discount to international benchmark prices, with the government reluctant to authorize higher prices for fear of stoking inflation. The subsidized fuel sales have caused steep losses in Petrobras's refining division, thus raising concerns over investment plans.
Petrobras open to restoring PdVSA refinery plan
PdVSA is welcome at the Abreu e Lima refinery project under the planned JV model, the Petrobras CEO said. But, she added, PdVSA must first cut a check for about $6.8 billion to cover the firm's 40% stake in the $17 billion project. An alternative solution would be to pay in oil.
Dubai enlists China Sonangol to build oil refinery
The refinery's output of oil products would be enough to meet local consumption and will also allow the emirate to export to international markets, the government said in an emailed statement.
Pemex picks ICA Fluor to expand distillates output at Mexican refinery
ICA Fluor will be responsible for the basic and detailed engineering for the process plants, auxiliary services and integration works required to raise the refinery’s distillate production from 63% to 80%.
Marathon puts out fire at Galveston Bay refinery
The fire in the 451,000 bpd refinery's hydrotreater unit burned for about a half-hour on Monday. The refinery, formerly known as BP Texas City, has had numerous problems in recent years.
Petrobras cancels partnership with PdVSA on new north Brazil refinery
Petrobras has been building the refinery on its own after PdVSA repeatedly missed deadlines to provide cash and loan guarantees to cover the Venezuelan firm's portion of the $20 billion project.
Indonesia could drive gasoline markets by 2018
Indonesia’s gasoline deficit and imports will exceed the US and Mexico, reversing trade flows and replacing the US as the main driver of global gasoline trade and prices.
Saudi minister indicates delay on Jazan refinery
Saudi Arabia's 400,000 bpd refinery and terminal in Jazan on the Red Sea will be completed within four years, the kingdom's oil minister Ali al-Naimi has said, indicating a delay in the long expected mega plant.
- 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
