Refining - 19 January 2016

Since Iran’s oil sanctions have been lifted, the EIA has released a statement predicting a fast rise in oil production and exports.

Global oil demand growth flipped from a near five year high in 3Q15 (2.1 million bpd) to a one year low in 4Q15 (1.0 million bpd).

Iran and Spain have discussed the potential construction of an Iranian owned oil refinery, in light of Iran’s recently lifted oil sanctions.

Clariant and CB&I will develop a propane and butane dehydrogenation unit for Hengli Petrochemical (Dalian) Refinery Co. Ltd.