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Refining

Iraq calls for bids for new oil refinery in Basra

BAGHDAD (Reuters) -- Iraqi's oil ministry on Thursday asked foreign companies and investors to bid for a project to build and operate a 300,000-bpd export-oriented refinery in Fao, near the southern city of Basra.

Russia resumes oil shipments to Cuba, helps fill Venezuelan breach

HAVANA (Reuters) -- Russia has begun shipping large quantities of oil to Cuba for the first time this century, sources said, as supplies to the island from crisis-wracked Venezuela have dwindled.

CNPC loads first crude oil into Myanmar-China pipeline

BEIJING (Reuters) -- China's state-owned refiner China National Petroleum Corp (CNPC) said it has loaded the first crude oil through its Myanmar-to-China pipeline, the latest step towards supplying crude to its new refinery in Yunnan province.

Iraq's fuel oil exports soar despite OPEC supply cut

DUBAI (Reuters) -- Iraqi fuel oil exports have soared since January despite a reduction in the country's crude production in line with OPEC supply cuts, industry sources said, in what could be a way to boost output of refined products and maintain oil revenues.

Venezuela resumes light oil shipments to Cuba

HOUSTON (Reuters) -- Venezuela resumed exports of light crude to its political ally Cuba in March after an eight-month pause that led to a production halt at the island's jointly-owned Cienfuegos refinery, according to internal data from state-run PDVSA seen by Reuters.

Gas leak at chemical firm Ineos contained at Scotland's Grangemouth

EDINBURGH (Reuters) -- A gas leak inside chemical firm Ineos' Grangemouth site in Scotland was successfully contained on Tuesday after emergency services rushed to the scene, police said.

Alfa Laval to supply heat exchangers to China refinery

LUND, Sweden -- Alfa Laval has won an order to supply compact heat exchangers to a refinery in China. The order has a value of approximately SEK 210 MM. It is booked in the Welded Heat Exchangers unit of the Energy Division, with deliveries scheduled for 2018.

Big short position on biofuels generated profit for Icahn's refiner

NEW YORK (Reuters) -- Carl Icahn's big bet on falling prices for biofuels credits generated a rare profit in that area last quarter for the billionaire investor's refining company CVR Energy, according to public filings.

India cuts oil import plans from Iran by a quarter over gas field row

NEW DELHI (Reuters) -- India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi and Tehran on development of a natural gas field.

Vitol to acquire Rotterdam splitter from Koch Supply & Trading

LONDON (Reuters) -- Commodities trader Vitol has agreed to buy an 85,000-bpd condensate splitter in the Netherlands from Koch Supply and Trading, a subsidiary of US conglomerate Koch Industries, Vitol said in a statement on Tuesday.