Oil refinery news

Announcement covers the Klaipeda and Subacius oil terminal as well as the company’s refinery and LNG terminals.

Wison has successfully shipped the world’s largest single modular ethylene cracking furnace for Zhejiang Petrochemical.

The company will undertake system migration and provide ongoing services to drive safety, performance and efficiency at H&R Group's flagship chemical refinery.

Capacity additions will include a renewable naphtha finishing facility in the form of a second plant.

The US$4.61 billion sourced for the project represents the largest project financing in the Sultanate of Oman.

Unspecified oil company to enter into a tolling agreement and serve as the refinery’s supply and offtake counterparty.

The integrated industrial complex is expected to begin operations in 2025.

The joint venture marks the first partnership between the companies.

Unit will convert heavy, higher sulfur residual oil into marine gasoil and diesel.

Latest report asserts that global oil supply/demand will be generally balanced in 2019, but product market weakness will build in 2020.