aop

NEWS

Markets

UK energy minister bullish over future of Coryton refinery

Charles Hendry says UK refining sector has ‘very strong’ potential; government to publish strategy paper in the autumn.

GTForum key 21 Feb 2012

charles-hendry
jakarta-night-traffic
Refining

Saudi Aramco Asia and Pertamina sign MoU for integrated refinery/petrochemical plant

300,000bpd complex to source most of its crude from Saudi Arabia, economic feasibility to be determined.

GTForum key 20 Feb 2012

didier-houssin
Refining

IEA expects net refining capacity growth of 8.7mbpd by 2016

All net additions to take place in the non-OECD; will massively exceed expected demand growth of 2mbpd.

GTForum key 20 Feb 2012

essar-vadinar-refinery
Company Data

Essar Oil reports US$747 million loss; gives update on Vadinar refinery

Company reports audited EBITDA of 4.9 billion rupees for 4Q11, drop in refining margin to US$6.07/bbl.

GTForum key 17 Feb 2012

cvrenergy
Company Data

Icahn Partners to make unsolicted takeover bid for CVR Energy

Potential takeover bid prompted by desire to sell CVR at a premium to other US refiners.

GTForum key 17 Feb 2012

brazil-rio-de-janeiro
Refining

Petrobras expects Comperj refinery to start production in September 2014

230,000bpd and 165,000bpd of new capacity scheduled to come online in 2013 and 2014.

GTForum key 16 Feb 2012

oil-refinery-night
Markets

BarCap: Global refining capacity surplus to remain, despite recent closures

Global crude slate to sweeten due to NGL and oil shale growth, but to get heavier and sourer for European refineries, say investment bank analysts.

GTForum key 15 Feb 2012

Eni's Refining Operations
Company Data

Eni records losses in R&M and petrochemical segments

R&M and petrochemicals see full-year losses of €535 million and €276 million, respectively.

GTForum key 15 Feb 2012

us-flag-folded
Petrochem

EPA sets new emission limits for PVC producers

New rule will require major emitters of air toxins from PVC production to invest US$18 million, spend US$4 million annually.

GTForum key 14 Feb 2012

doha
Petrochem

Qatar Petroleum and Qapco to build petrochemical complex in Qatar

World-scale petrochemical plant in Ras Laffan with 1.4Mta of ethylene capacity scheduled for completion in 2018.

GTForum key 14 Feb 2012

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