refining | Egypt Oil & Gas
ExxonMobil Sees $4.5 Bn Refining Earnings Boost in Q3
ExxonMobil expects higher refining margins to boost its downstream earnings by $4.5 Bn in the third quarter (Q3) of 2026 compared with the previous quarter, Reuters reported on October 16. The company’s adjusted net p...
Dangote Refinery IPO Approved by Nigeria’s SEC
The refinery plans to offer 4.1 billion ordinary shares at NGN 525 per share, potentially raising approximately NGN 2.15 trillion ($1.63 billion) if fully subscribed, according to a company statement reported by Reute...
Fuel Oil Supply Faces Q3 Shortfall Amid Refinery Disruptions
A shortage of fuel oil used by ships and power plants is expected to emerge in the third quarter (Q3) of 2026 as refiners affected by wars, refinery disruptions, and tanker traffic constraints prioritize diesel and ot...
Sinopec Reports 19.3% H1 Profit Increase Despite Lower Refining Volumes
China oil giant Sinopec reported an unexpected 19.3% year-on-year (YoY) increase in net profit for the first half of 2026, despite challenges including the Middle East conflict and weakening domestic fuel demand. The ...
SOPC Refines1.4 mt of Crude in FY 2025/2026
Suez Oil Processing Company (SOPC) refined nearly 1.4 million tons (mt) of crude to provide mazut, asphalt, Liquefied Petroleum Gas (LPG), diesel, and gasoline, said Chairman Mohamed Shehata El-Baz during the general ...
Nasr Petroleum Boosts Gasoline, Diesel Output in FY 2025/26
Nasr Petroleum Company (NPC) processed around 1.5 million tons (mmt) of crude oil and increased gasoline production to approximately 637,000 tons during fiscal year (FY) 2025/26, up from 51,000 tons in the previous fi...
ExxonMobil Eyes Expanded Lubricants and Synthetic Greases Investments in Egypt
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Dan Moore, Global Vice President of Lubricants at ExxonMobil, to discuss means of strengthening cooperation with the US oil and gas giant in the prod...
India’s HPCL Seeks Venezuelan Crude to Boost Heavy Oil Processing
India’s state-run Hindustan Petroleum Corp Ltd (HPCL) is planning to import Venezuelan crude oil for the first time to expand its activities in the processing of heavier grades in its new fiscal year (FY) beginning in...
