oil refining
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Downstream Sector Grows by 78% in Q3 2019/20
Thursday, 21st May 2020
The downstream sector has witnessed a 78% growth in Q3 2019/20, according to Minister of Planning and Economic Development Hala Al-Saeed.
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Saudi Arabia, Nigeria Plan Cooperation in Oil, Gas
Sunday, 28th April 2019
Saudi Arabia and Nigeria plan to draft an agreement for an oil and gas partnership.
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Aramco to Buy a $1.2 B Stake in Hyundai Oilbank
Monday, 15th April 2019
Saudi Aramco has agreed to purchase $1.2 billion stake in South Korean oil refiner Hyundai Oilbank.
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Aramco Trading, PKN Orlen Ink Oil Supply Agreement
Sunday, 14th April 2019
Under the supply agreement, Aramco will supply the refinery with its Arabian crude oil in exchange for a similar volume of high sulfur fuel oil from the refiner.
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Kuwait’s Al Zour Oil Refinery to Operate by 2020
Tuesday, 15th January 2019
Al Zour oil refinery is expected to start operations by 2020 with a capacity of 615,000 barrels per day (b/d).
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Glencore, Carlyle Team to Buy Moroccan Refinery
Wednesday, 17th May 2017
Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to save bankrupt in Morocco's only oil refinery. -
AMOC to Offer Shares on Stock Market
Sunday, 12th February 2017
AMOC plans a secondary offering of 10-20% of its shares on the Cairo stock market and will also issue 10% a global depository receipts in London. -
GNPC to Offload Crude at Tema Refinery
Monday, 15th August 2016
Ghana National Petroleum Corporation (GNPC) CEO, Alex Mould, has declared that the corporation is willing to offload crude oil to the Tema Oil Refinery (TOR) if the company is competent at supplying the sufficient financial guarantees. -
Turkish Oil Refinary Posts $84.7 million Net Profit for this Quarter
Wednesday, 4th March 2015
Turkish oil refiner Tupras, owned by Koc Holding, posted an 87% jump in fourth-quarter profit, helped by higher refining margins.
Latest News
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El Molla Reviews Midor Refinery Expansion
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Egypt Approves Extending SDX’s PSA of West Ghairb to 2031
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Agreement with Belgian DEME for Studies of Green Hydrogen Production
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El Molla Inspects Progress of New Alamein Pipeline Project
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021