Refining
Amec Foster Wheeler wins FEED to modernize major SOCAR refinery
The contract, awarded by the State Oil Company of Azerbaijan (SOCAR), is part of a major investment to increase the refinery’s capacity and improve the quality of the fuel produced.
Brazilian fuel sales show year-on-year decline
C-grade gasoline sales rose to 23,440 bbl from 21,400 bbl in March 2015, while diesel sales fell to 29,840 bbl in March from 31,540 bbl a year earlier, according to petroleum regulator ANP.
Refinery outages, stock draw boost US gasoline
Traders said the rise, which spread throughout the oil complex, stemmed largely from a report by energy intelligence firm Genscape of a 600,000-bbl draw in East Coast gasoline stocks last week.
Looming gasoline glut threatens global recovery in crude oil prices
Several major gasoline importing countries have started to export, as excess supplies of fuels overflow storage facilities and erode refinery profits.
Bulgaria continues raids in fuel pricing probe
Bulgarians complain of high fuel costs despite a plunge in global oil prices and a call by Prime Minister Boiko Borisov for the competition authority to speed up its market investigation.
Bangladesh to cut prices for gasoline, kerosene, diesel by up to 10%
Prices of petrol and 95-octane gasoline have now been reduced by 10 taka/liter and diesel and kerosene by 3 taka/liter, said Nasrul Hamid, junior minister for power, energy and mineral resources.
Indian refiner Reliance seeks more Iranian oil
The company had made small purchases from Iran in the current quarter and was currently engaged in talks for bigger supplies, indicating that it could also get into a long-term supply contract.
Indian Oil, CB&I commission landmark FCC unit at Paradip refinery
The start-up is a major landmark for the petroleum industry and represents one of the largest single-train, high olefin yield FCC units globally, according to project officials.
Uganda says Tanzania offers to buy stake in planned new refinery
Uganda has been discussing plans for a refinery for about seven years. It would process some oil from fields it is developing, although most crude would be exported.
China’s Sinochem Hongrun sells first fuel export
Sinochem Hongrun, partly owned by state-run Sinochem Corp., sold a 35,000-ton cargo of 92-octane gasoline to trading house Trafigura, the sources said, and it was being loaded on Wednesday.
- Consortium creates world's first supply chain for the production of renewable plastics 2/6
- Valmet to deliver advanced process analytical solutions to Dow’s Path2Zero ethylene project 2/6
- Tampnet brings mission-critical connectivity to hydrocarbon processing industries 2/6
- Cheniere submits application to build massive LNG plant in Texas 2/6
- OQ and Kuwait Petroleum sign PDA for Duqm petrochemical complex project 2/6
- Phillips 66 to lay off workers as Los Angeles (U.S.) refinery shuts down 2/6
