Europe
Azerbaijan to raise oil shipments via Russia to 1.5 MMt in 2017
BAKU (Reuters) -- Azerbaijan's state oil company SOCAR plans to increase its shipments via Russia to 1.5 MMt in 2017 from 1.21 MMt last year, a source at SOCAR said on Monday.
Russia cuts oil output by 100,000 bpd in early January
MOSCOW (Reuters) -- Russia cut its oil production in early January by around 100,000 bpd from the previous month after an agreement with OPEC to cap global crude output, two sources from the energy sector told Reuters on Monday.
European gasoline arb to US East Coast widens; freight rates limit flows
(Reuters) -- US gasoline prices recently soared to multiyear seasonal highs over European prices, setting the stage for more imports from across the Atlantic, but high freight costs mean not everyone will be able to take advantage of the arbitrage opportunity.
Vitol clinches $1-B pre-finance oil deal with Iran
LONDON/DUBAI (Reuters) -- The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
Rosneft raises exposure to Germany's oil refining after BP deal
MOSCOW (Reuters) -- Russia's largest oil producer and its shareholder BP have completed dissolution of Ruhr Oel, their refining joint venture in Germany, Rosneft said on Thursday.
Neste to deliver low-sulfur marine fuel to Eckerö Line
Neste will begin deliveries of low-sulfur marine fuel to Eckerö Line at the beginning of next year. The agreement covers m/s Finlandia on the Helsinki-Tallinn route throughout 2017.
Court-appointed manager gets $3-B offer for Moroccan refiner Samir
RABAT (Reuters) -- The court-appointed manager of Morocco's only oil refiner, Samir, has received a $3 billion offer for the business from a foreign conglomerate, he said on Wednesday, without naming the bidder.
Russia's Lukoil appoints new VP for sales and supplies
MOSCOW (Reuters) -- Russia's second biggest oil producer Lukoil has appointed a new vice-president for sales and supplies after state-owned rival Rosneft clinched several major deals at its expense, three sources told Reuters.
Casale announces name change of Chemoproject Nitrogen
The Swiss based Casale Holding SA, the owner of Casale SA, is pleased to announce that Chemoproject Nitrogen a.s., a leading Czech engineering company, active in base chemicals and fertilizers industry, whose control was acquired in July 2014, has officially changed its name to Casale Project a.s. and it is now fully owned by Casale Holding.
Russia sees oil products output down 2.5% in 2017
MOSCOW (Reuters) -- Russia's output of oil products is expected to fall by about 2.5% in 2017 due to further work on a massive refinery modernization program aimed at boosting fuel quality, a deputy energy minister said.
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- India raises HPCL Rajasthan Refinery project cost to $8.6 B 4/8
- Iranian Oil Refining Co. confirms attack on Lavan refinery 4/8
