Refining

Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami says the country should become a hub for the designing and building of nuclear power plants in the coming years. Eslami said on Thursday that an ongoing global fuel crisis had made the use of nuclear energy more relevant. …

Iranian Oil Minister Javad Owji said numerous projects have been defined in the southern province of Hormozgan to turn it into a refining hub within years. Speaking to reporters on the sidelines of a virtual ceremony to launch a major gas project in Kish Island on Monday, Owji said that …

U.S. refiners are set to continue operating at high utilization levels in the third quarter, despite concerns that a slowdown in demand could be looming in case of a recession, executives and analysts told Reuters on Thursday. Refiners operated at near capacity in the second quarter as demand was robust …

China will provide subsidies to its oil refiners if international oil prices jump to over $130 per barrel as the world’s largest crude oil importer looks to ensure fuel supply and protect businesses and consumers from surging fuel prices. Should international benchmarks surge to $130 a barrel and stay there, …

The Haidach gas storage site in Austria—one of central Europe’s largest—may be unable to receive any natural gas ahead of next winter due to a lack of connections other than with Russia’s Gazprom, Austrian energy officials told Bloomberg on Friday. The Haidach site was built and used by Gazprom and …

Refiners in Europe are processing crude at capacity—or very close to capacity—bolstered by the highest diesel margins in at least three decades, traders told Argus on Friday. Every refinery in Western Europe not undergoing planned spring maintenance has ramped up throughput as refining margins for most fuels, especially diesel, are …

Japan’s biggest oil refiner Eneos Holdings Inc has no plans to buy Russian crude until all problems related to the Ukraine crisis are over and will purchase alternative supplies from the Middle East, its chairman said on Wednesday. “For now, we intend to get alternatives from existing trading partners such …

Indian Oil Corp (IOC), the country’s top refiner, will increase crude purchases from Iraq by 11.5% in 2022 to 390,000 barrels per day (bpd), partly to make up for a shortfall from Mexico and a possible supply cut from Kuwait, two sources familiar with the matter said. Iraq is the …

Shell Plc will take key processing units offline, as part of major maintenance that’s due to start at Europe’s biggest oil refinery in the coming days. Work at Pernis in Rotterdam will include two so-called high-vacuum units, according to a person familiar with the plans. These produce feedstock for units …

Honeywell has announced that the Lanaz Company, a compaany based in Kurdistan region of Iraq, will use UOP modular naphtha hydrotreating and fixed-bed Platforming process units to upgrade its refinery in Iraq so it can produce more cleaner-burning transportation fuels. The project marks the first use of UOP modular technology …