Refining

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).

The optimization plan will help Tabriz Refinery to meet its target of reducing hazardous air pollutants.

Aramco’s push into chemicals also includes a mega project it is building at home with SABIC.

US tariffs of 25 percent on $34 billion of Chinese imports took effect on July 6.

ADNOC has said that it would aim to double its refining capacity in a major push to expand its downstream operations.