A report from ESAI Energy suggests that Russia’s oil tax reform will cause an adjustment in investment plans for refineries.
Vietnam’s Ministry of Industry and Trade released a statement on Monday saying it will respond to a request from the Nghi Son oil refinery to export fuels such as gasoline and diesel “soon”.
For the week ending July 6 2018, the four-week average of US gross refinery inputs surpassed 18 million bpd for the first time on record, according to figures from the US Energy Information Administration.
Sources who have visited the construction site of the Dangote oil refinery near Lagos, Nigeria, have told Reuters that it is unlikely to begin production until 2022, two years later than the target date.
A report from ESAI Energy is warning that an excess of global refining capacity is likely to trigger a series of refinery closures after 2021.
Reuters is reporting that the Nghi Son oil refinery in Vietnam is seeking approval from the Ministry of Trade and Industry to export oil products, according to three industry sources.
The combined solution of Cost Engineering’s Cleopatra Enterprise and KBC’s Petro-SIM platforms is applicable to NGL processing, oil refining and petrochemical operations.
The proposed new terminal is expected to be fully operational in 2Q20 and is permitted for up to 20 million barrels of storage.
The refinery, which will process 5 million tpy of crude oil, will use a range of technologies provided by Honeywell UOP.
Honeywell UOP’s R-364 catalyst is being used at Fuji Oil’s Sodegaura refinery in Japan to produce more aromatics from naphtha feedstock.