Egypt plans to end fuel subsidies within three years

Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65% of their actual cost during the 2016/17 fiscal year.

Flint Hills Resources to construct $20 M fuel terminal expansion

Flint Hills Resources will begin construction on a $20 M expansion of its Waupun, Wisconsin fuel terminal.

Industry Metrics

Rhodes, Michael, Hydrocarbon Processing Staff

Asia refining margins fell despite strong regional demand.

Global: Meeting Africa’s demand for oil products

Oirere, S., Contributing Editor

Demand for refined oil products is expected to continue growing in Africa, both in the short and medium terms. However, the continent’s refining capacity is unlikely to keep pace as commercial risks threaten to hold back planned new refineries and the expansion of existing facilities.

Industry Metrics

Mike Rhodes, Hydrocarbon Processing

US refinery utilization rates have increased in some areas following the peak of maintenance season.

Business Trends: Will India be Asia’s next downstream powerhouse?

Nichols, L., Hydrocarbon Processing

The Asia-Pacific region dominates in the total number of active projects in all sectors of the downstream hydrocarbon processing industry. Just as China has seen unprecedented growth over the past decade, India is emerging as the globe’s new oil demand center.

Global Project Data

Nichols, L., Hydrocarbon Processing

According to Hydrocarbon Processing’s Construction Boxscore Database, there were nearly 90 new project announcements from January 2015 to June 2015.

EIA: China diesel exports grow as refining industry, economy change

China is reforming its refining sector by liberalizing import and export restrictions on crude oil and petroleum products, allowing for increased competition in the domestic transportation fuels market.

Refining technology unveiled at Honeywell UOP India center

Pilot plant designed to develop advanced hydrocracking catalysts that can more efficiently produce higher yields of clean-burning diesel fuel from crude oil.

ExxonMobil to expand distillates output at Altona refinery in Australia

ExxonMobil Corp. plans to add 10 Mbpd of diesel and jet fuel production capacity at its refinery in Melbourne, Australia.