Europe
Albanian refinery fire contained, fatality reported
An explosion at an Albanian-US-owned refinery in the southern area of Ballsh killed one person and wounded seven others, causing an enormous fire that has been contained.
Gazprom says Japanese lender JBIC may help finance Sakhalin-2 LNG expansion
Gazprom has discussed possible financing with the Japan Bank for International Cooperation for the expansion of the Sakhalin-2 LNG plant.
Genoil signs $50-B letter of intent to develop integrated oil project in Russia
Genoil Inc. has signed a $50-B letter of intent to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia.
Italy's Saras says it will clear Iranian oil debt in 2017
Italian oil refiner Saras has paid $177 MM of the debt it owes Iran for crude oil bought before sanctions were imposed and its chief financial officer said the total debt to Tehran will be cleared next year.
MOL to focus on refining efficiency, petrochemical diversification
The MOL Group will continue to focus on improving the efficiency of its refining business and expand its petrochemicals business to take advantage of growing demand.
EU regulators halt review of Dow, DuPont deal, await data
EU antitrust regulators have halted their scrutiny of the $130-B merger of Dow Chemical and DuPont after the companies failed to provide crucial data.
TotalErg pump network sale hangs on refinery deal
France's Total and Italy's Erg are looking to sell a stake in their Italian refinery business Sarpom to facilitate an auction of one of the country's biggest service station networks.
Saudi crude will continue to be supplied to PKN ORLEN refineries
PKN ORLEN has extended its contract with Saudi Aramco as a supplier of crude oil to its refineries in Poland, the Czech Republic, and Lithuania until December 31, 2017.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Croatia looks at options for Sisak refinery
Croatia is considering shutting down or changing the use of one of its two oil refinery sites, implying the government does not expect to secure investment to finance an upgrade of the plant.
- Wood to design upgrades at Ecopetrol refinery for cleaner fuels production 6/24
- Saudi Arabia's CMDC (BCI group) awards thyssenkrupp nucera key contract for chlor-alkali plant expansion in Jubail 6/24
- EU imposes measures to curb ethanol imports from Pakistan 6/24
- China doubles 2025 naphtha import quotas 6/24
- BEL Valves supplies six-figure order for Europe’s largest processing plant 6/24
- INEOS responds to UK Government's industrial strategy 6/24
