Refining

Lukoil's Romanian refinery has alternative crude supplies

Romania's Petrotel Lukoil refinery, owned by Russia's Lukoil has found alternative fuel supplies and its petrol stations will not be affected by a ban on Russian imports, Energy Minister Virgil Popescu said on Monday.

U.S. oil refiner Valero, rivals pursue Chevron for Venezuelan crude

U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes chartered by Chevron Corp under a newly issued U.S. license, two people familiar with the matter said.

Chevron unlikely to invest more in Venezuela in short term, says CEO

Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to allow it to expand its operations in the South American country, Chief Executive Michael Wirth said.

Lukoil-controlled Italy refinery will keep going despite oil embargo

An Italian oil refinery controlled by Russia's Lukoil still sees scope to remain operational despite a European Union embargo on Russian oil starting on Dec. 5, the company said, after Rome paved the way to place it in the hands of trustees.

India's Essar Group plans $4.9 B petrochemical complex in Odisha

India's Essar Group plans to set up a $4.92 B petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement.

Sponsored Content: Helping to prevent CUI In Hydrocarbon Processing – An Engineer’s Perspective

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Essar oil UK to build £360 MM carbon capture facility

Essar Oil UK Limited announced its plan to build a £360 MM major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030.

AFPM responds to U.S. EPA's new RFS proposal

Following the release of the U.S. Environmental Protection Agency's earlier announcement about the Renewable Fuel Standard (RFS) on blending obligations, the AFPM has released the following statement.

U.S. EPA proposes higher biofuel blending volumes, EV program

The U.S. Environmental Protection Agency proposed increases in the amount of ethanol and other biofuels oil refiners must blend into their fuel over the next three years.

More ethanol was blended into U.S. gasoline last summer than ever before

Last summer, when the price of fuel ethanol was lower than the petroleum component of gasoline, record amounts of ethanol were blended into the gasoline sold in the United States (blend rates).