Refining - 28 April 2016

Though domestic oil demand is expected to keep falling to 3.1 million bpd in 2017, production growth will increase from 2.5 million bpd last year to 3.4 million bpd in 2021.

Metso has expanded its strong local presence with a new operational valve service centre in Poland.

The adjustments to Ecopetrol's 2016 Investment Plan are part of the measures taken to navigate the low crude oil price environment.

Suncor has agreed to acquire a further position in Syncrude, purchasing the 5% interest, effective April 2016.

Amec Foster Wheeler and DeltaValve, LLC, have formed a strategic alliance related to DeltaValve’s centre feed technology.