Indian Oil Corp. reviewing refinery expansion plans
The review is due to a gradual rise in use of cleaner fuels and changing demand patterns in India.
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Australia's government has announced plans to subsidise the country's refineries in order to keep them open wherever commercially possible.
The US's only offshore terminal, the Louisiana Offshore Oil Port (LOOP), stopped loading tanker ships on Sunday, while the port of New Orleans closed on Monday.
In response to falling fuel demand, the integration of a refinery with a petrochemicals plant can improve the revenue generation potential of refiners, says GlobalData.
The company is exploring the shutdown of its refinery operations in Naantali and focusing the Naantali site on the terminal and harbour operations.
Fluor Corp. has announced that its joint venture (JV) with Daewoo Engineering & Construction and Hyundai Heavy Industries, FDH JV, has successfully started up two boilers at the new Al-Zour Refinery.
The engineering services will optimise the refinery’s existing process units’ performance and will address operability and maintenance issues.
ADNOC Onshore has awarded contracts to upgrade two main oil lines and crude receiving facilities at the Jebel Dhanna terminal in Abu Dhabi.
The technology will be used to increase crude oil conversion and produce cleaner-burning Euro-V standard gasoline and diesel fuel.
The Geelong refinery is operating at reduced production levels due to the impacts on fuel demand as a result of the Victorian Government restrictions on mobility and workplaces.
