Refining

RAPID will contain a 300.000-bpd refinery and a petrochemical complex with a capacity of 7.7 million tonnes a year.

The refinery is expected to cut Turkey'.s current account deficit by $1.5 billion.

STAR refinery will produce naphtha. ultra-low sulfur diesel. aviation kerosene. petroleum coke. liquefied gas and other products.

According to ANP data. Replan processed 11Mb of oil in July.

Citgo has three major refining complexes in the U.S. with a total refining capacity of 750.000 barrels per day.

Crude oil output in July dropped 2.6 percent on-year to 15.85 million tonnes. or 3.73 million bpd.

The move is in line with a transformational strategy pushed by Sinochem chairman Ning Gaoning to zero in on core assets.

The latest threat from President Trump is to slap tariffs on US$200 million worth of Chinese goods.

Under the $590 million deal. Tekfen will build satellite gas compression plants pipelines for the Haradh Gas Increment Program.

Aramco’s initial thinking is to buy the full stake owned by the Public Investment Fund (PIF).