Keyword: oil refining

News

Belarus's Mis-labelling of Fuel Exports Costs Russia $1 Billion

28.09.2012 - Belarus has dodged about $1 billion in customs duty payments to Russia this year by exporting gasoline and other oil products under the guise of solvents and thinners, official...

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New Projects to Help Total Keep Output Goals

21.09.2012 - New projects should help French oil group Total confirm its 2010-2015 output target in a strategy update on Monday, although analysts will be keen to hear its big exploration...

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Sinopec Sees Rising Demand in Second Half

27.08.2012 - Refiner and oil and gas producer Sinopec Corp said it saw growing demand for its products in the second half of the year, after losses at its refining and chemicals businesses led...

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PetroChina Plans Overseas Investments while Q2 profit slides

23.08.2012 - PetroChina, the country's dominant oil and gas producer which also owns refineries, has earmarked close to $16 billion for overseas investment this year as it aims to have half its...

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EU Forces Marine Fuel Dilemma for Ships, Refiners

20.08.2012 - A European crackdown on pollution from ships will require billions of dollars worth of investment by shipping firms on filter technology and by refineries on upgrades to produce...

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Tesoro Eyes West Coast Empire with BP Refinery Deal

13.08.2012 - Tesoro moved on Monday to create the biggest U.S. refining empire in the Pacific Basin with a $2.5 billion deal to buy BP's Carson plant in the isolated California market. If...

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Petrobras Posts First Loss in 13 Years

04.08.2012 - Brazil's state-led oil giant Petrobras on Friday posted its first quarterly loss in more than 13 years, fanning concerns that the company, hampered by government intervention and...

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Shale Oil Bonanza to Cost Refiners Billions

19.07.2012 - America's shale oil boom is great news for U.S. industry, jobs and consumers, but it could cost global refiners billions. Banking on rising demand for transport fuels, oil...