Oil refinery news

Petrovietnam Refining and Petrochemical Corp. (BSR) have exchanged a Framework Agreement for crude oil purchases with ExxonMobil Asia Pacific, an affiliate of ExxonMobil, opening a new avenue of cooperation in feedstock supply for Dung Quat Refinery.

As US diesel prices soar and political pressure for an export ban grows, a new Wood Mackenzie analysis warns the move could have considerable ripple effects, triggering significant global product stock drawdowns while ultimately proving self-defeating for American consumers.

Ludoil Capital S.r.l has completed the acquisition of a 51% stake in ISAB S.r.l. from GOI Energy S.r.l., following the successful outcome of the Golden Power procedure.

Engineers India Ltd (EIL) have extended its partnership with the Dangote Group for an upcoming mega greenfield refinery and petrochemical project in Kenya.

Expanding energy demand and energy security concerns to drive liquid storage capacity additions in the region, GlobalData has reported.

MOL has completed construction work on the AV3 unit at the Danube Refinery, Hungary, which was damaged in a fire last autumn.

The International Energy Agency (IEA) explores why diesel prices are surging amid the latest hostilities in the Middle East.

Oil markets remain under intense pressure as disruptions to crude and refined product supplies from the Strait of Hormuz crisis continue to ripple through global markets, the IEA has reported.

Clariant, in partnership with Lummus Technology, has announced that it has been awarded a contract by Zhejiang Petroleum & Chemical Co. Ltd to supply its CATOFIN™ catalyst and HGM for a new propane dehydrogenation unit in Zhejiang Province, China.

Emerson has announced updates to both its AMS 6500 ATG online protection system with embedded prediction and the AMS Machine Works asset health monitoring software.