MOL Group is transporting crude oil produced at its co-owned oilfield, the Azeri–Chirag–Gunashli in Azerbaijan, to Slovnaft Refinery in Bratislava.
The 2023 AFPM Annual Meeting kicked off Monday in San Antonio, Texas. The AFPM Annual Meeting is the world's premier refining meeting, assembling key executives, decision-makers and technical experts from refining businesses, technology providers, contracting and consulting firms, and equipment manufacturers around the world.
Italy's cabinet is expected to decide next week whether to use its anti-takeover powers to block the sale of a Lukoil-owned refinery to Cypriot private equity firm G.O.I. Energy.
ExxonMobil announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 bpd of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. This is the largest refinery expansion in more than a decade will help meet growing demand for affordable, reliable energy.
The Cabinda refinery project is one of three new refineries planned for Africa's second biggest crude oil producer aiming to reduce its dependence on importing almost all its domestic refined product needs.
Chevron is collaborating with agribusiness firms Corteva and Bunge to produce renewable fuels from canola crops.
Eni has signed a two-year contract with Italy's Spinelli to power the company's trucks with diesel fuel produced from 100% renewable raw materials.
Refiner Citgo Petroleum Corp reported record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins and refining output that exceeded its plants' listed capacity.
India's fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.
Russia is ramping up its diesel supplies to Saudi Arabia using ship-to-ship (STS) loadings in addition to direct supplies.