Refining - 20 May 2015

According to company officials, Petronas is delaying the start up of its US$16 billion RAPID refinery and petrochemicals facility to mid 2019.

End users are placing greater focus on efficiency and productivity of plants and this is likely to directly drive the need for pump services.

Orpic has announced the successful closure of an OMR350 million syndicated corporate loan facility at its Mina Al Fahal refinery.

The American Petroleum Institute has applauded the bipartisan Senate push for crude exports.

Senators Heitkamp and Murkowski have introduced a bipartisan bill to enhance efforts to lift the US oil export ban.

The US Environmental Protection Agency has settled with Marathon Petroleum Corporation to cut harmful air emissions at facilities in Indiana, Kentucky and Ohio.

LyondellBasell has appointed a new Executive Vice President, while Magellan Midstream has announced a new Chief Financial Officer.