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President Joe Biden on Wednesday called on US oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump. Biden wrote in the draft of a letter to oil refiners obtained by The Associated Press. "Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis."
The cheque was formally handed over to CM Himanta Biswa Sarma by NRL managing director (in-charge) Bhaskar Jyoti Phukan recently, an NRL release said on Thursday.
Earlier on Sunday, the anti-terrorism authorities in Kurdistan region said six missiles landed near the KAR refinery in Erbil, adding they were launched frm nineveh province.
India has already bought more than twice as much crude from Russia in the two months since its invasion of Ukraine on Feb. 24 as it did in the whole of 2021,
Chevron Corp (CVX.N) and the United Steelworkers union (USW) rejected each other's proposals to end a month-long strike at the company's Richmond, California, refinery, a union official said on Monday.
India, the world's third biggest oil importer and consumer, has been hit hard by rising crude values, with pump prices in some states touching record highs.
Are you a striking Chevron worker or worker at another refinery or petrochemical plant? Contact us to discuss your struggle and the fight to expand the Richmond strike.
ONGC Videsh, overseas arm of the state-run explorer, has a 20% stake in the Sakhalin-1 project in Siberia and is responsible for sale of its share of oil from the project.
IOC said in late February it would buy Russian oil on delivered basis to avoid any complication relating to fixing vessels and insurance
A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected, Saudi state news agency SPA reported early on Friday.
Mantashe said the pausing of operations in SA’s biggest refinery, SAPREF, will cause job losses and uncertainty of supply. Mineral Resources and Energy Minister, Gwede Mantashe has called Shell and Beyond Petroleum (BP) greedy and arrogant for pausing refinery operations at SAPREF, their Durban-based facility.
Mistry will lead the business and operations of nine refineries and petrochemical plants of Indian Oil, which has 80.55 million tonnes per annum of refining capacity. She is the first woman to ever lead a refinery unit in Indian Oil.
Under the Visakha Refinery Modernisation Project (VRMP), the capacity of the refinery would be expanded from the present 8.3 to 15 Million Metric Tonne Per Annum.
The Dung Quat oil refinery has increased its production to 103 percent of normal capacity to make up for the production cut by Nghi Son, the country’s largest refinery. Binh Son Refining and Petrochemical Jsc, the operator of Dung Quat in the central province of Quang Ngai,
The African Petroleum Producers Organisation (APPO) has said the Dangote oil refinery will cut the importation of petroleum productions in Africa by 36 per cent. APPO also said the success of the project could incentivise the rise of similar projects across Africa despite the current focus on energy transition. The Secretary-General of APPO, Dr Omar Farouk Ibrahim, said the refinery will supply over 12% of Africa’s products demand when it becomes operational. “Currently, Africa’s daily petroleum demand is 4.3 million barrels per day (mbpd). Of this volume, 57% is produced locally (on the continent) while 43% is imported. “When Dangote Refinery is fully on stream, the percentage of Africa’s products import shall drop to 36%. This is even as the total volume of products demand rises to 5.4mbd. You can therefore see the huge impact that Dangote refinery shall be making to overall products supply in Africa. Dangote shall be supplying over 12% of Africa’s products demand.
A fire broke out in Kuwait's largest petroleum refinery on Friday, killing at least two people and injuring several others, Anadolu News Agency reports. In a statement, the Kuwait National Petroleum Company said that the fire erupted as maintenance work was being carried out at the gas liquefaction unit of Mina Al-Ahmadi refinery. The company said that five people with severe burns were transferred to hospital in critical condition. Two Asian workers succumbed to the injuries, it added. The fire has been extinguished, it said, adding that the incident did not affect operations at the refinery.
ExxonMobil's 557,000 b/d refinery in Baytown, Texas, is operating at reduced rates following an explosion and fire on a desulfurization unit that injured four workers. The fire broke out around 2am ET on 23 December on a unit that processes gasoline components, according to the company. Hours earlier refinery workers found a leak in a bypass line on the desulfurization unit, according to a report to state regulators, which led to flaring. Refinery crews lowered pressure on the leak location and put a repair plan into action to isolate the leak, according to the filing.
ISLAMABAD: The oil refining industry is operating on negative returns on equity because of volatility in international crude oil prices, said Petroleum Division. The division made the disclosure in a presentation submitted to the Cabinet Committee on Energy (CCOE). The committee will take up for review the draft of Refining Policy 2021 on Thursday (December 16). The Petroleum Division presented a comparison of the return on equity for oil refineries and other sectors like hydrocarbon exploration, fertiliser, auto and power. Tractor, fertiliser and exploration companies are getting higher rates of return on equity.