BNN BloombergOil Refiners Get Back to Reality as New Plants Erode Big Profits
There's also China's Shandong Yulong refinery, which is poised to begin trial runs later in the year, following multiple delays, as well as Oman's Duqm plant that ramped up in recent
On Saturday, 29th March 2025 , Uganda signed a historic oil refinery agreement with Alpha MBM Investments LLC, a UAE-based firm, paving the way for the. President Museveni Secures Mega Oil Refinery Deal With UAE Investors
Daily SunMega oil refinery creates new hope in energy sector Daily Sun
Mega oil refinery creates new hope in energy sector . Monday 19 May 2025 . LOTTO Bangladesh's new chapter: Inauguration of a state-of-the-art factory; India's import curbs
The project is designed to have an annual oil-refining capacity of 16 million tons, an ethylene capacity of 1.5 million tons and an aromatic hydrocarbon capacity of 2 million tons, and it will
ArbiterzRefineries: Exploring the Changing Landscape Arbiterz
Key Points. Shift in Refining Landscape: Historically dominated by international oil companies (IOCs).Now led by national oil companies (NOCs) and independent refiners. Reasons
On Saturday, 29th March 2025 , Uganda signed a historic oil refinery agreement with Alpha MBM Investments LLC, a UAE-based firm, paving the way for the construction of a 60,000-barrel-per
constructionbriefingBuilding one of the world's largest oil refinery
The refinery will produce 12,000 megawatts of electricity and create more than 135,000 permanent jobs. The refinery has begun production. Over the past few years, XCMG Machinery has participated in this mega
In addition, it has expressed an eagerness to pursue the development in partnership with a regional oil company at the mothballed Sapref refinery site, which bp and Shell sold to the State-owned
鏂板崕缃慍onstruction of mega oil-refining, petrochemical project
The project is 50 percent owned by Fujian Petrochemical, while Sinopec and Saudi Aramco each hold a 25 percent stake, according to Sinopec, China's major oil refiner. The project
Nov 17, 2006Two weeks ago, the kingdom added a new project to the growing list of developments that are aimed at adding value to its crude oil production when it announced plans to establish an
Irving OilIrving Oil to introduce hydrogen for the regional market a
Saint John (NB) Irving Oil announced plans today to expand its hydrogen capacity at the Saint John refinery, with the goal of offering hydrogen fuelling infrastructure in Atlantic
On Saturday, 29th March 2025 , Uganda signed a historic oil refinery agreement with Alpha MBM Investments LLC, a UAE-based firm, paving the way for the. President Museveni Secures
Saudi Arabia's Texas Refinery Just Made a Power Move
While some U.S. refiners are scaling back, Saudi Arabia's Motiva Enterprises just made a power move. The Saudi Aramco-owned refinery in Port Arthur, Texas, has quietly
Its oil demand is growing at 4-5 per cent annually and the new refinery shows the country's confidence in fuel demand growth even as electric vehicles are eroding sales of oil
Mega Coega oil refinery project nixed as Saudi investor
Mega Coega oil refinery project nixed as Saudi investor picks Richards Bay. been expected to create between 12,000 and 21,000 direct and indirect jobs during construction, and
- Does South Africa need a mega oil refinery?
- The South African government has reiterated its stance that South African needs a mega oil refinery despite “fundamental changes” under way globally, including the transition to electric mobility.
- Which oil refinery will reach an all-time high in 2023?
- Vitol Group, the world’s largest independent oil trader, said last month that global refinery runs will reach an all-time high later this year. That follows some additions in 2023, as Kuwait’s giant Al-Zour refinery began operating in earnest.
- Will BP & Shell invest in SAPREF refinery?
- In addition, it has expressed an eagerness to pursue the development in partnership with a regional oil company at the mothballed Sapref refinery site, which BP and Shell sold to the State-owned Central Energy Fund for R1 in 2024.
- Why are China's oil refineries cutting production?
- Earnings from turning crude oil into petroleum products have softened this year, driving refineries in some parts of the world to cut production. Lackluster demand growth, largely reflecting China’s economic torpor, is a big part of the story but there’s also a structural element — surging capacity.
- Why do refiners have to come back to reality?
- “Refiners know they have to come back to reality and to deliver good results with lower margins.” The new plants are helping to drive a reversal of the boom that was spurred by the mothballing of capacity during the pandemic, the later resurgence in demand, and then Russia’s invasion of Ukraine and its rupturing of fuel markets.
- Should we build a refinery at Sapref?
- “We need to build a refinery, whether it’s at Sapref or elsewhere,” he said, with government having previously proposed that a refinery be developed at Coega, in the Eastern Cape. “ [And] we can’t have a Sapref that comes back at 180 000 bbl/day. Sapref must come back at 400 000 bbl/day or more,” he averred.
