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Refining

Belarus expects Russia to pay $640 MM in compensation for refineries

Belarus expects to receive $640 MM from Russia in 2024 to compensate for losses sustained by its oil refineries.

Sonangol partners with Chinese CNCEC to build Lobito refinery

Sonangol and China National Chemical Engineering Company signed, in the city of Lobito, Benguela, a contract for the construction of the Lobito Refinery.

Kuwait's KPC ramps up high-sulfur fuel oil tenders for October

Kuwait Petroleum Corp has ramped up its spot tenders for high-sulfur fuel oil sales this month.

Vietnam seeks Saudi Aramco's investment in petrochemicals, oil refining

Vietnam is seeking investment from oil giant Saudi Aramco in its petrochemical and oil refinery projects, the Southeast Asian country's government said.

Russia's Lukoil says no talks to sell Bulgarian oil refinery

Litasco, a trading arm of Russia's No.2 oil producer Lukoil, said that it had not received any offer for its refinery in Bulgaria and there were no talks to sell it, amid mounting pressure from Bulgarian authorities.

China's September oil refinery throughput surges to record daily rate

China's oil refinery throughput in September hit a record daily rate up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.

Uganda to announce oil refinery bid winner next month

Uganda expects to announce the winning bidder among four groups competing for a new 60,000 bpd oil refinery next month.

Pemex shuts large CDU at Deer Park, Texas (U.S.) refinery

Pemex shut down the 270,000 barrel-per-day crude distillation unit at its Deer Park, Texas, refinery on Monday because a process line ruptured.

Saudi Aramco in talks to buy 10% stake in Chinese refiner Yulong Petrochemical

Saudi Aramco is in talks to buy a 10% stake in Shandong Yulong Petrochemical Co in a deal that would further boost the state oil giant's investments in China.

Vietnam's largest refinery Nghi Son says major maintenance completed

Vietnam's largest refinery Nghi Son completed major maintenance at the facility, one week ahead of schedule.