Refining
S.Korea's Oct crude oil imports from Iran down 9.5% on-month
SEOUL (Reuters) — South Korea's imports of Iranian crude oil fell 9.5% in October from the previous month as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.
Carlyle eyes Varo Energy IPO valuing European refiner at $2 B
(Reuters) — Varo Energy BV's owners, US private equity firm Carlyle Group and commodities trader Vitol, are looking at an initial public offering next year that could value the European oil refiner at about $2 B, the Wall Street Journal reported on Wednesday.
Honeywell UOP providing hydrotreating catalysts for ENAP refinery in Chile
DES PLAINES, Ill. — Honeywell announced that Empresa Nacional del Petroleo (ENAP) has begun using Honeywell UOP’s HYT-6219 Unity hydrotreating catalyst in conjunction with Unity hydrocracking catalysts to produce cleaner-burning diesel fuel at its Bío Bío refinery in Hualpen, Chile.
Burckhardt Compression awarded revamp contract at PAZ refinery
The Israeli government tightened its health, safety and environment (HSE) regulations so that they now reflect the highest level in this field. As a result, PAZ Ashdod Refinery had to revamp their existing process gas compressors for hydrogen application in order to be compliant with the new strict HSE standards.
EIA: Russia exports most of its crude oil production, mainly to Europe
Russia exported more than 5.2 MMbpd of crude oil and condensate and more than 2.4 MMbpd of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016.
China's crude oil processing runs in October rise to 2nd highest on record
BEIJING (Reuters) — China’s refiners raised crude oil processing runs to near record monthly levels in October as refining margins jumped after the country’s state planner hiked prices for gasoline and diesel at the pump.
Unipec, Vitol place lowest offers in Bangladesh oil import tender
SINGAPORE/DHAKA (Reuters) — Oil traders Unipec and Vitol placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.27 MMt of oil products for import in the first half of 2018, three industry sources said on Tuesday.
Japanese oil refiner profits rise as they max out runs to cash in on high margins
TOKYO (Reuters) — Profits for Japanese oil refiners rose for the latest reporting period as they pushed their plants at the highest rates in 46 yr amid high margins and after a government mandated industry consolidation.
Oman’s Duqm Refinery to seek $6 B bank funding soon
DUBAI (Reuters) — Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks for the debt financing it needs to back a $6 B refinery project, banking sources familiar with the matter told Reuters on Monday.
As Saudi Arabia limits US crude shipments, Iraq steps in
NEW YORK (Reuters) — Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate in coming months.
- Dow, Ambipar partner to promote plastics recycling in South America 11/26
- Hygenco selects Topsoe as technology provider for green ammonia production 11/26
- Aviation sector officials warn of Trump effect on green jet fuels 11/26
- Russia's oil and gas revenue down by a third in November m/m 11/26
- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
- Oil majors betting big on biofuels with more than 40 projects by 2030 11/26
