Oil refinery news

The Government of Bangladesh and the Islamic Development Bank have signed US$1 billion financing agreement for the modernisation and expansion of the Eastern Refinery Project.

Black & Veatch has announced the launch of BVInfraIQ, an AI-enabled digital infrastructure intelligence platform that transforms complex operational data into actionable intelligence and in real time.

Axens has been selected by YPF for the implementation of a 5000 m3/d low sulfur diesel hydrotreater unit at YPF’s Industrial Complex in Argentina, with Axens’ Prime-D™ technology.

Africa is expected to remain a major contributor to global conventional refinery capacity additions during 2026 to 2030, supported by a considerable pipeline of new build and expansion projects, GlobalData has reported.

CITGO is advancing its Lake Charles Refinery Depentanizer Project, a US$310 million investment that supports the long-term competitiveness of one of the nation's largest and most complex refineries.

OMV Petrom has received all seven modules for its second electrolyser at the Petrobrazi refinery in Romania, expanding its green hydrogen production capacity to 55 MW.

The Middle East conflict continues to disrupt oil exports through the Strait of Hormuz, straining markets and pressuring inventories – and increasing the urgency of reopening the critical waterway, according to the IEA's latest Oil Market Report.

Burckhardt Compression has secured two orders for the Boaventura Energy Complex, a major Petrobras project in Brazil, for the supply of six PL2 compressor packages and related services.

Axens and Raízen have announced the start-up of a Prime-G+® FCC gasoline desulfurisation unit at Raízen’s refinery in Argentina, marking the 300th Prime-G+ unit licensed worldwide in 25 years.

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.