IEA: permanent oil refinery closures accelerating
Permanent refining capacity closures expected for 2020 – 2021 have risen to about 1.7 million bpd, the IEA has said in its monthly report.
Browse the latest oil refinery news news and articles.
Gemcorp, a trade and investment group in emerging markets, has taken the final investment decision for the construction of the Cabinda Refinery in Angola.
Samsung Engineering is to build a number of facilities for PEMEX at the Dos Bocas Refinery in Mexico.
BP Australia has announced that it will cease fuel production at its Kwinana Refinery in Western Australia and convert it to an import terminal.
PBF Energy will shut most refining units at its Paulsboro, New Jersey, US, refinery.
Shell is planning to shrink its refining and chemicals portfolio from 14 to six sites.
Imperial has started operation of a newly constructed cogeneration unit at the Strathcona refinery near Edmonton, Alberta, Canada, increasing energy efficiency at the facility and helping reduce provincial greenhouse gas emissions.
Canada Business Holdings secured licence to produce refined products in the Special Economic Zone in Duqm in Oman on 30 June 2020.
The refinery has completed a scheduled overhaul of hydrocracking, hydrogen production, base oil production and elemental sulfur production facilities.
China has started building a mega petrochemical and refining complex in Shandong province this week, according to local state media reports.
