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Oil refinery news


IEF: drop in global oil refining capacity

According to a new report by the IEF and S&P Global, global oil refining capacity dropped for the first time in 20 years in 2020 and again in 2021, exacerbating tight markets and volatile prices for fuels such as gasoline and diesel.


Petrobras to sell a number of refineries

Petrobras has restarted the sale processes of the Abreu e Lima refinery, Presidente Getúlio Refinery Vargas, and Alberto Pasqualini refinery, all located in Brazil.


Aramco and PTT sign MoU

The companies have signed an MoU aimed at strengthening cooperation across crude oil sourcing and the marketing of refining and petrochemical products and LNG in Thailand.