Indian Oil Corporation (IOC), India’s largest refiner by capacity, has purchased 3 million barrels (mmbbl) of crude oil from the Middle East and West Africa for November delivery across several Indian ports, trade sou...
Singapore-based Aster Chemicals and Energy has shifted part of its crude procurement toward the Americas and Africa after disruptions to Middle Eastern oil supplies caused by the ongoing Iran war, Reuters reported. Th...
British oil major Shell has ended negotiations to sell its 37.5% stake in Germany’s PCK Schwedt refinery to Polish energy company Unimot, Reuters reported, citing Bloomberg News. The discussions, which began in 2023, ...
Brazil’s state-owned energy company Petrobras convened preliminary direct negotiations with Abu Dhabi’s Mubadala sovereign wealth fund to repurchase the Mataripe refinery, according to sources cited by Reuters. The mo...
US President Donald Trump revealed plans to build a new oil refinery on the southern US border, backed by India’s Reliance Industries, the operator of the world’s largest refining complex, Reuters reported. The announ...
Indian state refiners are considering tapping into the Middle East crude market as spot supply from their top supplier, Russia, have fallen, according to Reuters. The three major state refiners, Indian Oil Corp, Bhara...
Sinopec has announced the start of constructing a refinery and a petrochemical complex in cooperation with Aramco in Southeast China’s Fujian province, according to Reuters. The project will include a refinery capacit...
Suez Oil Processing Company (SOPC) Chairman Hesham Fathy has announced that the company’s refinery has produced about 1.3 million tons during the fiscal year (FY) 2023/24 which contributes in providing a part of the l...
Minister of Petroleum and Mineral Resources Tarek El Molla has inspected the petroleum geographic region in Tanta, which includes the refinery belonging to the Cairo Petroleum Refining Company (CORC). He also visited ...
Iraq, OPEC’s second largest oil producer, is planning to launch an investment project in the Southern Faw Peninsula, which is “El-Faw” oil refinery with a production capacity of 300,000 barrels per day, Attaqa r...