Europe
UK’s Coryton fuel terminal opens as glut grows
The terminal is due to be filled to its current capacity of 176,000 cubic meters with fuel, predominantly to serve the London region and southeast England, Thames Oilport said in a statement.
Russia’s Sibur, Sinopec eye gas-chemical project
In December, Sinopec paid $1.338 billion for a 10% stake in Russia-based Sibur and said it planned to acquire an additional 10% within three years.
Business Trends: Global petrochemical overview—Part 1
This series examines the global petrochemical landscape, new project developments and regional outlooks.
Global Project Data
This month’s installment of Global Project Data focuses on the global petrochemical sector.
Gazprom teams with OMV for expansion of Nord Stream gas pipeline
Gazprom wants to bypass Ukraine by expanding a network of undersea pipelines, primarily Nord Stream, which runs via the Baltic Sea to Germany.
Nigerian leader criticizes state petroleum minister over fuel shortages
An economic crisis caused by low oil prices has created shortages because fuel importers cannot get the dollars needed to buy petrol and the state oil firm has not been able to sign agreements quickly enough to exchange crude oil for gasoline.
Nigeria holds talks with Chevron, Total and Eni to revamp refineries
The West African nation has been trying to restart its outdated refineries in Port Harcourt, Warri and Kaduna to end its dependency on costly fuel imports.
INEOS prepares mothballed UK ethane cracker for US shale feedstocks
INEOS says it recently completed successful operational trials at the Grangemouth plant as it prepares to receive shale gas ethane from the US as petrochemical feedstock.
Iran’s lack of storage access limits oil exports to European refiners
Some 45-50 million barrels of Iran's oil are estimated to be held in tankers at sea, barely changed from the amounts thought to be in floating storage before sanctions were lifted at the start of the year.
Morocco’s refiner Samir appeals liquidation ruling
Samir, controlled by Corral Petroleum, halted production last August due to financial difficulties. "We had 10 days to file an appeal and we finally did it on Thursday," Samir's lawyer said.
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- Taiwanese container ship operator to install WinGD's methanol engines across more than 30 vessels 6/25
- EIA: U.S. crude and fuel inventories fall on higher demand 6/25
- Update: Venezuela's second largest refinery restarting units after blackout 6/25
- 3t introduces landmark training to empower women in Saudi Arabia’s energy sector 6/25
