South Africa, which sets gasoline prices that fuel producers can charge, needs to ensure companies can recover the cost of upgrading their facilities to handle cleaner fuels, Chevron Corp.’s local unit said.
Iran and Brazil have signed a memorandum of understanding (MoU) to build a new oil refinery in Latin America, an Iranian deputy minister of petroleum says.
Technip, in partnership with Unico, a Japanese engineering consultant, has been awarded a project management consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery
Egypt’s state-owned Ganoub El-Wadi Petroleum Holding Co. (Ganope)’s refinery in Assiut will fill 76% of oil needs in Upper Egypt governorates in the upcoming fiscal year, according to Chairman Abu Bakr Ibrahim.
Production at the 172,000 barrels per day Sapref refinery, South Africa's largest and co-owned by BP and Shell, is normal following a pipeline fire that was extinguished on Saturday morning, a spokeswoman said.
PetroSilah Petroleum is working on launching the first mobile oil refinery in Egypt, with production capacity of 10,000 b/d and an initial cost of $5m.