http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2024/05/chinas-cncec-to-build-300-000-bpd-al-faw-refinery-in-iraq/ China's National Chemical Engineering Company (CNCEC) has inked a deal with the Southern Refineries Company to build a 300,000-bpd refinery in Al-Faw, Iraq. http://hydrocarbonprocessing.com/news/2024/05/higher-refinery-costs-could-increase-summer-gasoline-prices-says-us-eia/ Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA). http://hydrocarbonprocessing.com/news/2024/05/us-appeals-court-upholds-biofuel-blending-mandates-for-2020-2022/ A U.S. appeals court upheld a rule from President Joe Biden's administration that set the amount of biofuels that oil refiners were required to blend into the nation's fuel mix from 2020 through 2022, rejecting a challenge by oil refiners to the mandates. http://hydrocarbonprocessing.com/news/2024/05/hif-global-secures-nearly-165-mm-in-investments-to-develop-efuels/ HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects. http://hydrocarbonprocessing.com/news/2024/05/irans-persian-gulf-mehr-refinery-scheduled-for-completion-in-early-2025/ Phase 1 construction of Iran's Persian Gulf Mehr refinery is progressing, with project completion expected in early 2025. http://hydrocarbonprocessing.com/news/2024/05/citgo-petroleum-reports-q1-profit-of-410-mm/ Oil refiner Citgo Petroleum reported its first quarter net fell 56% to $410 MM, from $937 MM in the same period a year ago. http://hydrocarbonprocessing.com/news/2024/05/bp-s-cherry-point-refinery-turns-feedstock-into-renewable-diesel-fuel-here-s-how/ bp is boosting biofuels production to 50,000 bpd globally by 2025. Here, bp provides insight into the company's Cherry Point refinery, in Washington state (U.S.), and the facility's co-processing techniques. http://hydrocarbonprocessing.com/news/2024/05/heavy-oil-shortages-are-driving-up-refiners-cost/ Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants. http://hydrocarbonprocessing.com/news/2024/05/indias-fuel-demand-increases-more-than-6-y-o-y/ According to the country's Petroleum Planning and Analysis Cell, India's fuel consumption rose by 6.1% year-on-year in April. http://hydrocarbonprocessing.com/news/2024/05/kazakh-refinery-to-export-gasoline-made-from-russian-oil/ Kazakhstan and Russia have allowed Kazakh refinery Condensat to export 225,000 t of gasoline this year that will be produced from naphtha supplied by Russia's Tatneft.