Oil refinery news

Ethiopian government officials have announced that the Gode Oil Refinery will be built in partnership with Golden Concord Group Ltd (GCL).

In the October issue of Hydrocarbon Engineering, Nancy D. Yamaguchi, Contributing Editor, explores the market turbulence across the global oil and gas industry, considering the effects for major producers and refiners in the Middle East.

McKinsey’s Global Energy Perspective finds energy transition momentum may be slowing due to growing affordability gap and diverging regional energy mixes.

FourPoint Resources has announced an agreement with Energy Transfer to expand the Price River Terminal in Wellington, Utah, US, doubling the terminal’s export capacity.

Uganda’s oil refinery is scheduled to begin operations in the 4Q29 or the 1Q30, according to Michael Nkambo Mugerwa, General Manager of Uganda Refinery Holding Co.

The US EIA estimates crude oil inventories in China increased by about 900 000 bpd between January and August 2025, essentially acting as a source of demand by removing barrels from the global markets.

Aramco has advanced its strategic downstream expansion with the acquisition of an additional 22.5% stake in Petro Rabigh from Sumitomo for US$702 million (SAR 7 per share).

The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million bpd in both 2025 and 2026, both slightly higher than the agency’s September forecast.

Integrated Global Services (IGS) has announced the expansion of its automated field welding services with the opening of a new operational hub in Radom, Poland.

For the week ending 26 September 2025, US propane inventory was 103 million bbl, about 13 million bbl more than the previous five-year average for this time of year, the EIA has reported.