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Refining

Tecnicas Reunidas wins Aramco Ras Tanura clean fuels contract

KHOBAR, Saudi Arabia (Reuters) -- Spanish engineering and construction firm Tecnicas Reunidas has won a contract from Saudi Aramco to build a clean fuels unit at its Ras Tanura refinery in Saudi Arabia, three industry sources said on Thursday.

CB&I announces alkylation and hydrocracking awards in China

THE WOODLANDS, Texas -- CB&I announced it has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along with catalyst supply.

CNOOC to start new Huizhou refinery in Q2, plans Saudi supply

BEIJING (Reuters) -- China National Offshore Oil Corp, or CNOOC, is expected to start operating a new refinery in southern China in the second quarter of 2017, with Saudi Arabia as the potential crude supplier, three sources familiar with the plan said on Wednesday.

PKN ORLEN, Iranian Oil agreement commences

PKN ORLEN has purchased 1 million barrels of Iranian Light oil. It will be delivered to Naftoport in Gdańsk in January, to be then transported to the PKN ORLEN refinery in Płock.

Sinclair Casper Refining pays $655K in cleanup costs to EPA

DENVER -- Sinclair Casper Refining Company has paid $655,000 to reimburse the US Environmental Protection Agency for response costs incurred at the Empire State Oil Company Refinery Site in Thermopolis, Wyoming. The company entered into a settlement agreement with EPA for the recovery of past costs associated with the cleanup of the site, including the removal of asbestos, in September. EPA received payment last week.

China suitor tightens grip on century-old Caribbean refinery

BEIJING/HOUSTON (Reuters) -- China's Guangdong Zhenrong Energy Co will submit a plan by April to revamp a century-old oil refinery in Curacao, as it seeks to secure a $5.5 billion project that will give China a foothold in the Caribbean's second-largest oil refinery.

China's Sinopec weighs takeover of Gulf Keystone

(Reuters) -- China's Sinopec Corp is weighing a takeover of Gulf Keystone Petroleum, an oil company operating in the Kurdistan region of Iraq, Bloomberg reported on Tuesday.

Kuwait's KNPC mandates banks for ECA-backed club loan

DUBAI (Reuters) -- Kuwait National Petroleum Co (KNPC) has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said.

Refiner Phillips 66 cuts 2017 capital budget by 25%

(Reuters) -- US independent oil refiner Phillips 66 said it lowered its capital budget for 2017 by about 25% to $2.7 billion.

Bahrain's Bapco gets bids for $5-B refinery expansion

KHOBAR, Saudi Arabia (Reuters) -- State-run Bahrain Petroleum Company (Bapco) has received bids from international construction companies to expand its Sitra oil refinery, industry sources said.