Refining

9th Specialized Exhibition of Domestic Manufacturing Oil Industry Equipment

In Greece. Hellenic Petroleum declared force majeure on its 100.000-bpd Elefsina refinery in July. suspending diesel exports.

The required investment in the project would be around $1 billion.

Construction and assembly works on the new project. proposed by the plant. have been started to improve the process of separating oil products from industrial water.

The project would be 45 percent owned by Rosneft and 55 percent owned by Pertamina.

The East Coast of the U.S. could avoid supply disruptions for the time being because of adequate storage.

Gasoline prices spike as quarter of country’s oil refining capacity taken offline.

The project will have capacity to refine 100.000 barrels of oil per day.

Saudi Arabia aims to break the slow pace in the progress of Saudi projects in China and push for more investments between the two nations.

Pertamina. which owns 55 percent of both projects. was previously the sole off-taker of output by the Cilacap and Tuban refineries.