Par Pacific to buy select refining assets from IES
Par Pacific will purchase certain units from IES following IES's announcement of the cessation of their refining operations.
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LyondellBasell has formed a new Advanced Polymer Solutions business segment.
Figures released by the US Energy Information Administration show that in April 2018 crude oil exports from Houston-Galveston, Texas, US, exceeded imports by 15 000 bpd.
A report from ESAI Energy suggests that Russia’s oil tax reform will cause an adjustment in investment plans for refineries.
Vietnam’s Ministry of Industry and Trade released a statement on Monday saying it will respond to a request from the Nghi Son oil refinery to export fuels such as gasoline and diesel “soon”.
The company will be responsible for expanding Basra Oil’s central processing facility in the Majnoon field in southern Iraq.
For the week ending July 6 2018, the four-week average of US gross refinery inputs surpassed 18 million bpd for the first time on record, according to figures from the US Energy Information Administration.
Sources who have visited the construction site of the Dangote oil refinery near Lagos, Nigeria, have told Reuters that it is unlikely to begin production until 2022, two years later than the target date.
A report from ESAI Energy is warning that an excess of global refining capacity is likely to trigger a series of refinery closures after 2021.
Reuters is reporting that the Nghi Son oil refinery in Vietnam is seeking approval from the Ministry of Trade and Industry to export oil products, according to three industry sources.
