refining | Egypt Oil & Gas - Part 10
Iran Upgrading Refineries, Petrochemicals for Post-Sanction Era
Press TV reported that talks have been held with Japanese and Korean firms to invest in Iran’s renovation and improvement of oil processing facilities, Abbas Kazemi, head of the National Iranian Oil Refining and Distr...
BP Beats Profit Estimates for Q3, Boost by Refining.
British oil major BP beat profit estimates for its third quarter earnings report, said Bloomberg. Profits for the group are down significantly over last year’s third quarter—40% lower—but the company posted significan...
Nigeria’s President Says He Will Not Appoint an Oil Minister
The President of Nigeria, Muhammadu Buhari, will not appoint a new minister of Petroleum, stated Reuters. Buhari, whose political campaign was largely against corruption in the government and oil industry, said that h...
MIDOR Chairman: Processing 50,000 b/d of Crude to Boost Local Supply
In a statements made to Egypt Oil & Gas (EOG), Middle East Oil Refinery (MIDOR) Chairman, Dr. Mohamed Abdul Aziz asserted that his company was processing 50,000 b/d of crude to supply local markets with petroleum ...
Contradictory Accounts of Japan’s Race to Invest in Iran
Japan’s daily Nikkei was quoted by Press TV as saying that “Japan is eager to restore amicable relations with Iran and secure stakes in resource development projects there”. Toyo Engineering, which had built ref...
PetroRabigh Profits Strong and Steady Despite Oil Prices
Saudi Arabia’s PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved. The firm, a joint venture between Saudi Aramco and Japan’s Sumitomo Chemi...
Iraq Forum Debates Fixing Oil Policy Priorities
The Iraqi Forum of Intellectuals and Academics, which was established last year in Istanbul, recently held a seminar on industry, oil and electricity in Iraq. I was asked to give a presentation on Iraqi refineries and...
Shell and Total Streamline, Regroup to Overcome Oil Prices
Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into the...
