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Europe

Total, Saudi Aramco discussing JV refinery expansion

LONDON (Reuters) — Total is in talks with Saudi Aramco to expand their Saudi joint venture refinery by more than 10%, the chief executive of the French energy company said on Wednesday.

Russia reaches outline debt restructuring agreement with Venezuela

MOSCOW (Reuters) — Russia has reached a general agreement with Venezuela on restructuring its debt to Moscow, RIA news agency cited Russian Finance Minister Anton Siluanov as saying on Saturday.

Total enters the petroleum product retail sector in Mexico

PARIS — Total has entered into an agreement with GASORED, a group of service station owners, to rebrand a network of around 250 service stations in and around Mexico City under the Total brand.

Dynea announces start-up of formaldehyde plant

LILLESTRØM, Norway — Dynea AS announced the successful commissioning and start-up of a formaldehyde plant using silver crystals as catalyst.

IEA: China's crude oil buying spree looks set to continue

LONDON (Reuters) — China has built its crude oil stockpiles at a record pace in 2017 and while its purchases could tail off towards the year-end, inventories could hit the billion-barrel mark in 6 mos, the International Energy Agency said.

Lukoil’s Norsi oil refinery has not changed overall oil supplies

MOSCOW (Reuters) — Russia’s Norsi, oil major Lukoil’s largest oil refinery that suffered a fire last week, has not changed the overall plan of oil supplies to its plant this month, Russian pipeline monopoly Transneft said on Monday.

Wood Group completes acquisition of Amec Foster Wheeler

ABERDEEN, Scotland — Wood Group is pleased to announce that it has completed the acquisition of Amec Foster Wheeler. Wood Group's new ordinary shares will be admitted to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange with effect from 8 a.m. (London time) Oct. 9.

Online exclusive: Versatile high-performance elastomers, tires and specialty rubbers

Nestled in the university city of Maastricht in the Netherlands, ARLANXEO combines the scale and resources of Saudi Aramco with the expertise and track record of German specialty chemicals business LANXESS. The result is a synthetic rubber company established in April 2016, with operations across 20 production sites in nine countries, and more than 3,800 employees.

Oil supplies to Lukoil's Norsi refinery resume after fire

MOSCOW (Reuters) — Crude oil deliveries to Lukoil’s Norsi refinery in the Nizhny Novgorod region have been resumed after a fire at the facility, Russian pipeline monopoly Transneft said on Thursday.

Shell, Varo end talks on Germany refinery stake sale

LONDON (Reuters) — Royal Dutch Shell and Varo Energy said they have ended talks on Varo’s potential purchase of Shell’s 37.5% stake in the 220,000 bpd PCK refinery in Schwedt, Germany.