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Cepsa to invest more than $3.8 B in sustainable energy/mobility by 2027
Spanish oil and gas company Cepsa plans to nearly double its investments over the next three years to a total of 3.6 B euros ($3.82 B), with more than half of that amount going to sustainable energy and mobility.
Tunisia imported record number of Russian diesel/gasoil in February
Tunisia imported record volumes of Russian gasoil and diesel last month as an EU embargo forced Moscow to find new customers for its oil products.
Vietnam's Long Son petrochemicals complex to start operations by mid-year
Long Son Petrochemicals will start commercial production at its petrochemical complex in southern Vietnam by mid-2023.
Egypt increases gasoline prices in line with global levels
Egypt raised domestic gasoline prices, bringing them more in line with global levels but risking further public discontent after a year of rising inflation, a weakening currency and a series of austerity measures.
Indonesia trying to create palm oil benchmark price
Indonesia, the world's biggest palm oil exporter, plans to require crude palm oil exports to go through a futures exchange to create the country's own benchmark price.
Russia's oil/gas revenues fall 40% in January
Russia's revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow's most lucrative export, the International Energy Agency said on Tuesday.
U.S. EPA's proposal would allow a higher ethanol blend in Midwest states
The U.S. Environmental Protection Agency proposed a rule that would allow sales of gasoline with a higher ethanol blend in certain U.S. Midwest states.
CF Industries-Lotte sign MoU for clean ammonia offtake in South Korea
CF Industries announced that it has entered into a MoU with LOTTE CHEMICAL that will guide the companies in a joint exploration of clean ammonia production and long-term clean ammonia offtake into South Korea.
Colorado refinery outage causing increased fuels pricing
The only petroleum refinery in Colorado shut down in late December after sustaining damage from extremely cold weather, which may tighten gasoline and diesel fuel supplies in the region.
Brazil to resume taxes on fuels
The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.
- Nextchem (Maire) awarded feasibility studies contract for two plastic upcycling projects in Africa and Asia 3/24
- Ketjen and Aramco collaborate to support the development of next-generation FCC catalyst innovation 3/24
- UK government pledges £9 MM for new development projects at Mossmorran ethylene plant in Fife 3/24
- PetroChina reaches milestone on $10-B Dalian refining and chemical integration project 3/24
- Valero shuts Texas refinery after explosion 3/24
- JGSOC appoints International Process Plants to evaluate sale of Batangas petrochemical complex 3/24
