Oil refinery news

Seaborne petroleum product exports from Nigeria have grown seven-fold since 2023, playing an increasing role in the international market for petroleum products at a time when supplies from other areas have been constrained, the EIA has reported.

Asia is expected to lead global conventional refinery capacity additions during 2026 to 2030, supported by a large pipeline of new build and expansion projects, GlobalData has reported.

The AFPM has gathered the following perspectives from analysts and reporters to help explain why fuel prices today are not moving in lockstep with crude oil prices, and why refining capacity has become one of the most important factors shaping what consumers pay at the pump.

The American Petroleum Institute explore how the price of oil is actually determined in the latest release here.

The planned Initial Public Offering of the Dangote Petroleum Refinery & Petrochemicals has taken a significant step forward with the completion of a US$1 billion underwriting programme, strengthening the capital markets foundation for what could become Africa’s most consequential industrial listing.

Zimar Group is set to build a US$1.9 billion refinery and petrochemical complex in Dosso, southerwestern Niger, according to various media outlets.

ORLEN has secured certification under the Oil and Gas Institute’s KZR INiG sustainability scheme for the co-hydrotreatment of bio-based feedstocks at its Plock refinery, Poland.

Phillips 66, Kinder Morgan, Inc., and HF Sinclair Corp. have announced they have finalised a joint venture agreement and made a final investment decision to move forward with the proposed Western Gateway Pipeline system.

As regulatory expectations around secondary containment in chemical storage continue to evolve, Sherwin Williams Protective and Marine Coatings has launched a new range of systems designed to provide comprehensive, compliant protection, tailored to a versatile set of applications.

Petrovietnam Refining and Petrochemical Corp. (BSR) has issued a Request for Proposal for financing the Dung Quat Oil Refinery Expansion and Upgrade Project, with a proposed loan of about US$600 million.