South America
Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019
Aramco acquired Motiva Trading in 2023 and became the sole supplier of Motiva Enterprises, which owns the 640,500-bpd refinery in Port Arthur, Texas, the largest in the United States.
Mubadala's Acelen to boost diesel capacity at Brazilian refinery Mataripe by 10%
Mataripe, Brazil's second-largest refinery, accounting for about 14% of national capacity, is set to increase diesel production to 13,700 m3d from 12,400 m3d.
U.S. seeks forfeiture of oil tanker and 1.8 MMbbl of Venezuelan oil
The oil supertanker was seized by the U.S. near Venezuela in December as part of a pressure strategy against President Nicolas Maduro, who was captured in a U.S. military operation on January 3.
India's Bharat Petroleum, HPCL Mittal buy Venezuelan oil
The heavy oil, purchased through two separate deals, is planned to be co-loaded on a very large crude carrier to save on shipping cost, and will boost India's imports of Venezuelan crude to at least 6 MMbbl through April.
U.S. refiner Valero to import up to 6.5 MMbbl of Venezuelan crude in March
Valero was among the first U.S. refiners to resume imports of Venezuelan crude after the United States struck a flagship $2-B oil supply deal with the country's interim government and began to ease sanctions.
India's Reliance wins U.S. license for Venezuelan oil
A general license authorizes the purchase, exportation, and sale of Venezuelan-origin oil that has already been extracted, including the refining of such oil.
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- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
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- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
