Refining

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.

Known as the world’s largest refinery in terms of area. the Persian Gulf Star is divided into three phases. built near the old refinery of Bandar Abbas.

With Essar oil. Rosneft’s refining capacity goes up from 100 to 120 million tonnes.

Russian companies officially agreed to bring investment to Pakistan and establish a medium-sized oil refinery in district Kohat of KP province.

Shell will try to restart a crude distillation unit at the Pernis refinery in Rotterdam.