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Ivory Coast Gets $300 Mln Loan for Refinery from World Bank, SocGen
(Wednesday, December 04, 2013) Ivory Coast is to borrow up to $300 million from the World Bank's International Finance Corporation (IFC) and Societe Generale (SocGen) to help finance crude oil imports over the next two years for its sole refinery.
Mild Winter Bodes Badly for European Refiners
(Wednesday, December 04, 2013) Forecasts for a mild winter and subsequent lower consumption of heating oil in Europe are more bad news for the region's refineries, which have seen profits crushed in recent months by waves of product imports, analysts said.
Statoil, Shell Swap Refinery Stakes
(Tuesday, December 03, 2013) Norway's Statoil has purchased a 21 percent stake in its Mongstad refinery from Royal Dutch Shell and sold its 10 percent stake in the Pernis refinery in the Netherlands to Shell, it said on Tuesday.
Colombia's Ecopetrol and Cartagena Refinery Tender to Buy Diesel, Jet Fuel
(Tuesday, December 03, 2013) Colombia's state-run oil company Ecopetrol and the Cartagena refinery launched a tender to buy three cargoes of ultra low-sulfur diesel (ULSD) and jet fuel, according to a document seen by Reuters on Tuesday.
Ineos to Shut Grangemouth Refinery Naphtha Unit by Q2 2015
(Monday, December 02, 2013) Ineos will shut the naphtha cracker unit at its Grangemouth refinery in Scotland by the second quarter of 2015 to streamline operations and return the plant to profitability, the company said on Monday.
Costa Rica's Recope and Petroperu Buying Fuels
(Monday, December 02, 2013) Costa Rica's state-run refining company Recope launched two tenders to buy 800,000 barrels of fuel oil and one 20,000 barrel cargo of MTBE, according to documents seen by Reuters on Monday.
Azeri Oil Fund Invests $475 Mln in Turkish Refinery Project
(Monday, December 02, 2013) Azerbaijan's state oil fund said it had invested $475 million to help fund construction of the new Star oil refinery in the west of Turkey.
Irving Oil Adding 40,000 Bpd Crude-by-Rail Alberta Loading Capacity
(Friday, November 29, 2013) Canadian refining company Irving Oil is adding 40,000 barrels per day of rail loading capacity for heavy crude in Alberta, in conjunction with partners Kinder Morgan Energy Partners LP and midstream company Key era Corp, Irving's CEO said.
Irving Oil CEO Says Eastern Canada Has Export Edge Over Gulf Coast
(Friday, November 29, 2013) Many refineries in Europe, India and South America are easier to reach from Canaport, New Brunswick, in eastern Canada, than from the U.S. Gulf Coast, the chief executive of Irving Oil said on Friday.
Two Indep. China Refiners Get 300,000 Bpd 2014 Crude Import Quota-Paper
(Wednesday, November 27, 2013) Two independent Chinese refiners have secured 2014 crude import quotas totalling 300,000 barrels per day (bpd), a state-run newspaper reported on Wednesday.
EU 'Fitness Check' on Refinery Laws Set for Late 2014
(Wednesday, November 27, 2013) The European Commission will unveil the results of a study of the EU laws governing refiners by September 2014, officials said on Wednesday, raising concerns it will be too late to prevent new legal burdens on the struggling industry.
Valero: Future of Quebec Refineries Depends on Western Oil
(Wednesday, November 27, 2013) The future of Quebec's refining industry depends on having access to quality crudes at competitive prices and this means access to Western oil, according to a Valero Energy submission to a Canadian parliamentary commission.
Rosneft, Eni Agree Mutual Oil Supply Deal for European Refineries
(Tuesday, November 26, 2013) Russia's Rosneft , the world's top listed oil producer, and Italy's Eni have agreed to funnel oil supplies to each other's European refineries, signing the deal during a Russia-Italy bilateral meeting on Tuesday.
Technip to Perform FEED for Louisiana GTL Project
(Monday, November 25, 2013) Sasol has awarded Technip the front-end engineering design contract for a gas-to-liquids plant to be built in Westlake, La.
Sinopec Cut Production at Two Refineries in East China-Sources
(Monday, November 25, 2013) Top Asian refiner Sinopec Corp has cut production at two refineries in the eastern Shandong province after an explosion at one of its pipelines last week killed 55 people.
US Gulf Gasoline Differentials Up on Talk of Refinery Woes
(Thursday, November 21, 2013) U.S. Gulf Coast cash gasoline differentials surged on Thursday on market talk of regional refinery problems as well as higher export demand, traders said.
Total Begins Investigation into Fatal Antwerp Explosion
(Wednesday, November 20, 2013) Total reports that two of its contractors were killed Tuesday due to an explosion at the firm's Antwerp refinery.
Shell Says Leak at Australia Refinery, Sees No Market Impact
(Wednesday, November 20, 2013) Shell Australia was investigating a gasoline leak at its Geelong refinery on Wednesday, but said the incident was unlikely to impact markets.
Pemex CEO: New $10 Bln Tula Refinery Still On; End Date Unclear
(Wednesday, November 20, 2013) Mexican state oil monopoly Pemex has not axed plans for a new $10 billion Tula refinery, the company's chief executive said on Wednesday, despite having pushed back the project's completion to an unspecified date.
EU Refiners Burn Last Barrels As Closures Loom
(Wednesday, November 20, 2013) European refiners are battling to salvage what is poised to be one of their worst years on record, slashing production, running down crude oil stocks and idling loss-making plants as a new raft of closures loom.