Refining
PetroChina boosts Lanzhou refinery jet fuel yields with new hydrodesulfurizer
The refining unit, known as a hydrodesulfurizer, will help the PetroChina subsidiary produce 1 million tpy of jet fuel, making it the largest jet-fuel production base in western China, parent company China National Petroleum Corp. said Monday in an in-house newsletter.
Chinese, Cambodian firms to jointly build first oil refinery in Cambodia
Sinomach China Perfect Machinery will carry out construction of the refinery. Construction is expected to complete by end-2015, Xinhua said, without mentioning a start date. Upon completion, the plant will have the capacity to refine 5 million tpy of oil products, equivalent to about 100,000 bpd,
US gasoline demand rises 4.5% from prior week
The 4.5% increase to 4.5% to 8.95 million bpd came as gasoline prices sank 15 cents per gallon over the Dec. 7-21 period. Gasoline prices are now at their lowest level in a year and are flat compared with last year's level, said John Gamel, gasoline analyst for MasterCard Advisors SpendingPulse.
PdVSA holds meetings with Repsol, Eni to discuss fuel, energy ventures
In a statement released Wednesday, PdVSA, as the Venezuelan company is known, didn't specify what the discussions with Repsol would include. It noted, however, the state entity is in the process of "reviewing and advancing" agreements with its Spanish counterpart, as well as Italy's Eni .
India reports monthly decline in refinery runs
Refinery runs were down 3% from the previous month. However, throughput rose 6.6% on year, and was ahead of the government's target of 14.93 million tons, the data showed. The government didn't give any reasons for changes in the output. The data are based on production from 20 refineries.
Reliance Industries controls Jamnagar refinery fire at west India complex
Reliance, India's largest private refiner by capacity, has two refineries in the Jamnagar complex in the western state of Gujarat. This refinery is the older one and supplies products to the local market, while a new 580,000-bpd refinery is focused on exports. The crude unit will likely be restarted in two days.
API sees lower US oil, gasoline, distillate demand
The US used the lowest volume of oil in 17 years in November, the API trade group said. With the exception of May, US oil use has fallen year-on-year in each month so far in 2012. Eleven-month demand is down 2.1%, or around 400,000 bpd, from the same period a year earlier.
Foster Wheeler wins Kuwait refinery upgrade deal
KNPC’s clean fuels project is a major upgrade and expansion of the Mina Al-Ahmadi and Mina Abdullah Refineries to increase their combined throughput by 264,000 bpd to 800,000 bpd. The objective is to increase conversion of fuel oil to higher value products in order to meet expected market demand.
KBC inks multi-year consulting, software contract with Ecuador refinery
As part of the contract, EP PETROECUADOR will take a five-year license for KBC's process and energy modelling software tools, including the full Petro-SIM suite, to optimize the operation of the refinery. KBC says it will work with EP to improve its core work processes and support systems.
Aramco, Total to double Saudi refining investment
Satorp is building a 400,000 bpd export refinery in Jubail in the kingdom's eastern region, which is expected to be fully operational by the third quarter of 2013. The refinery complex, estimated to cost about $14 billion to build, is part of a drive by the world's top oil exporter to boost refining capacity.
- 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
