Refining

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).

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

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.

Huntington Ingalls Industries has announced that its SN3 subsidiary has received a 4 year, US$300 000 contract from the city of Carlsbad, New Mexico, for landfill engineering services.

CEFC International Limited has successfully won the tender to supply diesel to Dyneff SAS.

Rosneft and BP have signed a binding agreement to dissolve the existing refining joint venture (JV) Ruhr Oel GmbH (ROG).

Under the agreement, Insite360 FuelQuest will provide comprehensive bulk fuel management services for ABF Freight's terminal network in North America.

The Maguire Energy Institute at SMU Cox School of Business has honoured Rex Tillerson, Chairman and CEO of Exxon Mobil Corp., with the L. Frank Pitts Energy Leadership Award.

LyondellBasell has announced several senior leadership changes within its Olefins and Polyolefins and Intermediates and Derivatives, Technology and Procurement businesses.

ExxonMobil has awarded Lockheed Martin a contract for a next generation refining and chemical facility automation system.

Tank World Expo, the major tank storage event for the Middle East and North Africa regions, will take place on 12 - 13 April 2016 at the Dubai World Trade Centre.

The International Association of Oil & Gas Producers (IOGP) has announced the appointment of Gordon Ballard as its new Executive Director.

Neste Jacobs and Neste have signed an agreement for Neste Jacobs to deliver a full scale Operator Training Simulator for crude oil distillation unit and gasoline sulphur removal unit of the Porvoo refinery.

The US average retail price for regular gasoline dropped to US$1.996/gal. on 11 January, falling below US$2.00/gal for the first time since 23 March 2009.