Refining

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 …

Russian oil firm Rosneft has agreed to acquire a 37.5% stake in German refinery PCK Schwedt from Shell. The firm has exercised an option to buy the stake, increasing its shareholding in the refinery to 91.67%. The remaining 8.33% interest in the refinery is held by Eni. The transaction is …

The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery projects and expansion of existing units would be invested in Nigeria and other developing nations. It said the investments were part of the estimated $1.5tn that would be invested in the downstream sector of the …

U.S. refiners are expected to show higher earnings for the third quarter as margins to sell gasoline and diesel have improved despite the surging cost of crude oil, analysts said. After more than a year of depressed fuel demand, gasoline and distillate consumption is back in line with five-year averages …

Despite all the external challenges like the coronavirus pandemic and the U.S. sanctions, the Iranian oil and gas sector has been developing at a fast pace and the country is passing new milestones in this industry every day. Various sectors of Iran’s oil and gas industry including exploration, production, processing, …

LUKOIL announces the start of a catalytic cracking complex construction project at the Perm refinery. The project is implemented under an agreement with the Ministry of Energy of the Russian Federation on providing an investment incentive as part of the negative excise tax on refinery feedstock until January 1, 2031. …

China’s newest oil refiners are thriving by aligning themselves with President Xi Jinping’s vision, expanding even as their older rivals and several other private businesses have been reined in by Beijing. These newcomers have gained the moniker “Teapot 2.0” in China, and are benefiting because they are fitting into Xi’s …

Chinese oil companies processed a record volume of crude in June, offering further signs that Asia’s largest economy may surpass the U.S. to become the world’s biggest refining nation this year. Volumes hit 14.86 million barrels per day last month, up 3.8% from May, according to Bloomberg calculations based on …

Oil prices are set to remain on a bullish course this year given the strong recovery in global demand following the COVID-19 pandemic-induced slump, the head of the Petroleum Association of Japan (PAJ) said on Wednesday. “Global crude demand is expected to further recover in the second half of this …