Economics
Technip awarded contract for modernization of SOCAR Azerikimya petrochemical complex
SOCAR has awarded Technip a contract for engineering, procurement and construction (EPC) services for the SOCAR Azerikimya plant, located in the city of Sumgait, Azerbaijan.
China sets export tax rebate for refined fuel at 17%
China has raised the export tax rebate for gasoline, diesel and jet fuel to 17%, effective from November 1, 2016.
MOL to focus on refining efficiency, petrochemical diversification
The MOL Group will continue to focus on improving the efficiency of its refining business and expand its petrochemicals business to take advantage of growing demand.
Woodfibre LNG receives project funding
Pacific Oil & Gas Ltd. has authorized the funds necessary for the Woodfibre LNG Project to proceed.
Four years after rescue, Philadelphia refinery reels as investors profit
Four years after private equity firm Carlyle Group and a partner purchased Philadelphia Energy Solutions, the refinery faces another existential crisis.
Obama says US mulling alternate routes for North Dakota pipeline
President Barack Obama said the US government is examining ways to reroute an oil pipeline in North Dakota as it addresses concerns raised by Native American tribes protesting against its construction.
EU regulators halt review of Dow, DuPont deal, await data
EU antitrust regulators have halted their scrutiny of the $130-B merger of Dow Chemical and DuPont after the companies failed to provide crucial data.
TotalErg pump network sale hangs on refinery deal
France's Total and Italy's Erg are looking to sell a stake in their Italian refinery business Sarpom to facilitate an auction of one of the country's biggest service station networks.
INEOS O&P USA implements vertical integration strategy through WL Plastics acquisition
INEOS O&P USA has acquired 100% of the shares of WLP Holding Corp., one of the largest high density polyethylene pipe manufacturers in North America.
EIA: US summer gasoline consumption sets new high
The consumption of US finished motor gasoline reached a new high of 9.7 MMbpd in June 2016, surpassing the previous one-month high of 9.6 MMbpd set in July 2007.
- Eberhard Bau signs long-term solar diesel offtake agreement with Synhelion 2/3
- Abundia Global Impact Group appoints Burns & McDonnell as front-end engineer for waste plastics-to-fuels facility 2/3
- Rutgers University researchers develop catalyst that can convert nitrate pollution in water directly into ammonia 2/3
- Italy's Eni teams up with Q8 to build biorefinery in Sicily 2/3
- French ethanol use jumps 15% in 2025, driven by gasoline demand 2/3
- Indian refiners await government advice on Russian oil import halt 2/3
