Oil Blog

Refinery News 5/22/06

Nations to Expand Gas Refinery Capacity
Houston Chronicle - United States
ALMATY, Kazakhstan — Kazakhstan and Russia have agreed to jointly expand the capacity of a Russian natural gas refinery to allow it to process gas from the ...

Total, Aramco to set up $6bn refinery
newratings.com - USA
... Aramco is also expected to sign an agreement in the near future with US-based ConocoPhilips (COP) to set up another refinery of similar capacity in the Red Sea ...

Report digs into gas price variables
Milwaukee Journal Sentinel (subscription) - Milwaukee,WI,USA
... by market forces of supply and demand alone, and in fact are being spurred by oil-company mergers, deliberately restricted refinery capacity and volatile ...

Fire hits Valero's St. Charles refinery
San Antonio Business Journal - San Antonio,TX,USA
... The 250,000-barrel-per-day refinery is located 15 miles from New Orleans and has the capacity of producing gasoline, diesel and heating oil. ...

FTC gasoline price probe finds nothing
Boston Globe - United States
... Before Katrina struck, Congress asked the FTC to examine if refinery capacity or some form of market manipulation was behind rising gasoline prices. ...

UPDATE 1-Shell in talks over stake in CNOOC Huizhou refinery
Reuters - USA
... Nanhai naphtha cracker in Guangdong province, next to the planned refinery, from where it ... early this year though Tan declined to say at what capacity it is now ...

Oil firms blamed in report
The Capital Times - Madison,WI,USA
... Attorney General Peg Lautenschlager says that huge profits made by big oil companies are the result of industry actions to limit refinery capacity and keep ...

Gas pains: Building more refineries won't lower fuel costs
Scripps Howard News Service - Washington,DC,USA
... Wallin said about 2 million barrels a day, or 10 percent of US refinery capacity, was offline immediately following Hurricanes Katrina and Rita. ...

Local oil prices set higher than usual, says vocal senator
Thai News Agency MCOT - Bangkok,Thailand
... He pointed out the country’s refinery capacity totals around 1 million liters per day at current while the local demand is 700,000 liters per day with the ...

Come By Chance refinery needs upgrades
Reuters Canada - Toronto,Ontario,Canada
... in the near term, but the demand/supply balance could change if the new owner changes the product slate of the refinery and increase its capacity, traders said ...

Refinery News 5/17/06

Weighing the Alternatives in Energy
TheStreet.com (subscription) - New York,NY,USA
... we are running tremendous risks due to the instability of the countries that supply us with crude oil and the fact that 40% of our refinery capacity is in two ...

Oil Prices Fall After Inventory Data
TheStreet.com - USA
... Wednesday's report showed a lower-than-expected reading on refinery capacity use last week, suggesting that gasoline demand remains relatively muted. ...

Two bauxite firms exploring US$1.5-b plant in Jamaica
Jamaica Observer - Kingston,Jamaica
... industry standards, it cost US$1,000 per metric tonne to build an alumina refinery. Therefore, the cost to build the plant of the capacity being contemplated ...

Gas prices may ease, but is it too late?
Inside Bay Area - Oakland,CA,USA
... He also said refinery capacity is strained and can't keep up with world demand, including China and India using more petroleum. ...

MUD FOR THE MIND
Buffalo Alt Press Online - NY, United states
... Others blamed Katrina and lack of refinery capacity, while some others blamed China and India for demanding their fair share of world oil and driving the ...

Sino-Saudi Symbiosis
TCS Daily - Washington,DC,USA
... won natural gas exploration rights in the Rub al-Khali Basin in 2004, while Saudi Arabia has agreed to help China upgrade its refinery capacity with the ...

Refinery News 5/11/06

Oil Rises as Foreigner Attacked in Nigeria, Refinery Output Cut
Bloomberg - USA
... Bayway refinery, which has capacity of 263,000 barrels a day, has cut output because of malfunctions in its gasoline-making unit, according to Tilley. ...

IPO funding set to boost refinery
Bangkok Post - Thailand
... industry and the PTT Plc-owned oil refinery, according to Chainoi Puankkosom, the president of RRC. RRC has decided to expand production capacity with the ...

Alon USA: Good Now, Better Later?
Motley Fool - USA
... for a significant part of the quarter. Because of that expansion project, refinery capacity is higher this year than last year. ...

Ag experts explain high fuel prices, share advice on dealing with ...
The Prairie Star - Great Falls,MT,USA
... Also, the refinery capacity we have was built for Texas sweet crude oil, and much of the oil produced today is thicker than that. ...

ASA announces biodiesel priorities for next energy bill
Southeast Farm Press - USA
... "Each gallon of domestically produced biodiesel represents an expansion of distillate supplies, additional refinery capacity and is a direct replacement for ...

Refinery News 5/9/06

Saudi minister predicts stabilization of petroleum prices
Monsters and Critics.com - Glasgow,UK
... He pointed out that Saudi Aramco is working to increase its refinery capacity within the next five years by about two million barrel per day. ...

Hawaii Suspends Gasoline-Price Caps
Wall Street Journal - New York,NY,USA
The effort was closely watched amid rising gas prices across the nation due to rising crude-oil prices, tight refinery capacity and continued growing demand. ...

Pakistan, Kuwait to enhance petroleum cooperation during Amir ...
Kuwait News Agency - Kuwait
... The refinery to be commissioned by 2010 would have a maximum refining capacity of 13 million tons of petroleum products which would be higher than the ...

Saudi to increase oil supply to RP
Philippine Star - Manila,Philippines
... Lotilla said the Philippines’ crude oil sourced from Saudi Arabia passes through Petron, which has a refinery capacity of 180,000 barrels per day. ...

Bono Votes to Provide Relief from Rising Gas Prices; Criticizes ...
California Chronicle - Beverly Hills,CA,USA
... We simply do not have enough refining capacity to meet demand, and there has been no action to build a new domestic refinery in years. ...

Refinery News 5/8/06

IOC scouts for refineries in Africa, Europe
Rediff - India
... "Otherwise, we have ample domestic refinery capacity," he added. ... The refinery will have a capacity of 15 million tonne per annum. ...

House Dems say rights violated: Counter campaign
In-Forum (subscription) - Fargo,ND,USA
... for oil refinery construction, the National Republican Campaign Committee put out a scathing statement that he’d voted against adding refinery capacity. ...

Open access for informed electorate
Toledo Blade - Toledo,OH,USA
... How can drilling new oil in Alaska be a solution when there isn't, according to the oil companies, enough refinery capacity already? ...

Valero Energy is considering purchase of Houston refinery
MSNBC - USA
... Klesse says the refinery's capacity of 268,000 barrels per day meets one of the requirements Valero officials have for purchasing a refinery. ...

Rising oil prices may cause real woes
Regina Leader-Post - Regina,Saskatchewan,Canada
... disruptions. Adding to this situation is the lack of refinery capacity because the last new refinery in North America was built in 1984. ...

Pain at the Pump: What Can Be Done?
National Ledger - Apache Junction,AZ,USA
... Continued recovery from hurricane damage, federally mandated changes to fuel specifications, limitations on US oil-refinery capacity, and restrictions on new ...

Oil supplies set to decline
ABC Online - Australia
... We used up every scrap of wellhead capacity, refinery capacity, refining capacity, tanker capacity, rig capacity, so now we are really stuck in a jam. ...

Refinery News 5/2/06

Imperial Oil announces first-quarter financial and operating ...
Canada NewsWire (press release) - Canada
... petroleum products sales 85.7 88.2 ----- TOTAL REFINERY THROUGHPUT (millions of litres a day) 77.3 76.5 REFINERY CAPACITY UTILIZATION (percent) 97 ...

What pushes gas prices up?
Ada Evening News - Ada,OK,USA
... The only way supply could be influenced domestically is if new lands were opened for crude oil exploration and there was increased refinery capacity. ...

$100 check for gas idea really dumb
York Dispatch - York,PA,USA
... to begin development of alternate fuels while weaning the nation from its oil addiction, and yes, an increase in the nation's long-neglected refinery capacity. ...

GOP drops tax plan that upset oil firms
San Francisco Chronicle - CA, USA
... tax provision and the rebate, the GOP energy package includes new price-gouging protections, incentives to expand domestic oil refinery capacity, support for ...

Saudi, Pertamina mull new plant
Trade Arabia - Manama,Bahrain
... years, while separate talks are proceeding with China's Sinopec Corp to build an oil refinery in the East Java province with a daily capacity of 150,000 barrels ...

Mandan Refinery
KXMA - Dickinson,ND,USA
... At full capacity, the Mandan refinery is designed to process up to 58-thousand barrels of crude oil a day. Its products include gasoline, diesel and jet fuel.

In Washington, Capitalism for All but Oil
Washington Post - United States
... on oil profits would raise a pittance for government coffers while reducing a company's incentive to invest in exploration, refinery capacity and alternative ...

Energy debates lead to wrong answers
Town Hall - Washington,DC,USA
... to the demands and desires of the market, and much of those "obscene" profits go into looking for more oil, expanding refinery capacity and encouraging ...

Republicans drop energy tax proposal
CNN International - USA
... the tax provision and the rebate, the measure includes new protections against price gouging, incentives to expand domestic oil refinery capacity, support for ...

House GOP's Boehner: Gas-tax rebate 'insulting'
MarketWatch - USA
... "They thought it was stupid," Boehner said. The House this week will take up separate bills to define price gouging and to expand refinery capacity.

Refinery News 5/1/06

Saudis eye refinery deals
The Standard - Hong Kong
... The investment would include US$3 billion to US$4 billion to double the capacity of a refinery in South Korea, funds to integrate a refinery in the Philippines ...

Oil prices buoyant as Iran remains defiant
The Standard - Hong Kong
... "The problem with sufficient refinery capacity to produce gasoline still presents an issue, at least within the US," said Jim Ritterbusch, president of ...

Tesoro plans partial shutdown of Mandan refinery for maintenance
Grand Forks Herald - Grand Forks,ND,USA
... "Once the maintenance work is completed, the refinery is expected to return to full operational capacity for the summer driving season and to meet agricultural ...

Maine delegation seeks to roll back big oil tax breaks
Bangor Daily News - Bangor,ME,USA
... from short-term help for consumers, such as a temporary suspension of the federal gas tax, to long-term efforts to bolster production and refinery capacity. ...

Working out gas prices
Foreign Policy (subscription) - USA
... We also are falling short on refinery capacity. To flesh the more forward-looking part of this answer, I'll need another post...

Alon USA To More-than Double Refining Capacity Through Paramount ...
Trading Markets - Los Angeles,CA,USA
... refinery would add 90,000 barrels per day (BPD | charts | news | PowerRating) of refined capacity to the existing 70,000 bpd sour crude refinery in Big Spring ...

Higher gas prices most likely result of supply, demand
Centralia Chronicle - Centralia,WA,USA
... Add in the fact that this nation’s refinery capacity has not fully recovered from last year’s hurricanes, refinery maintenance shutdowns, and that no new ...

President's Letter to Metalline Mining Company Shareholders
Business Wire (press release) - San Francisco,CA,USA
... Smelter and refinery capacity are approximately equal with demand, but a deficit is being created because mines are not supplying sufficient concentrate to the ...

Refinery News 4/26/06

TAX BIG OIL?
Patriot-News - Harrisburg,PA,USA
... Rather, it is a direct result of already tight supplies, a changeover in the mix of reformulated gasoline, limited refinery capacity, rising worldwide demand ...

G7 pressures China over currency reforms
TMCnet - USA
... The G8 also urged "investment in exploration, production, energy infrastructure and refinery capacity". Describing this necessary ...

Relaxed rules to help local refiners
Corpus Christi Caller Times - Corpus Christi,TX,USA
... "They're having to clean out the tanks with MTBE in order to replace it with ethanol," Barnard said. "Refinery capacity is being stretched to the limit.". ...

Bush proposes ways to stem gas prices
Kansas City Star - MO,USA
... Moreover, the lack of any slack in refinery capacity means any serious problems such as refinery outages during hurricane season could cause prices to spike ...

Bush Calls for Gas Price Investigation, Lifts Clean Gas Rules
Environment News Service - USA
... Refinery capacity in the United States has dropped by some 50 percent in the past two decades and existing facilities are currently operating at close to 100 ...

Energy Business Dept's chief downplays concern on fuel shortage
TMCnet - USA
... General Panich Pongpirodom shrugged off a concern over possible shortage of fuel in the country, affirming that the overall refinery capacity this year still ...

Refinery News 4/25/06

Reliance Petroleum prices IPO at mid-range despite colossal demand
FinanceAsia - Hong Kong
... “And because it will be completed in just three years, it will start production at a time when there will still be a global shortage of refinery capacity.”. ...

Bush orders agencies to investigate US gasoline prices
Oil & Gas Journal - Houston,TX,USA
... as ExxonMobil Corp.'s chief executive, Barton added, "It troubles me that a CEO receives a $400 million retirement package while refinery capacity continues to ...

Petrochina and Kuwait to build refinery in Pearl River Delta
Macauhub - Macau,China
... The refinery planned by Kuwait will have the capacity to process 400,000 barrels of oil pr day, the Kuwait News Agency reported in December, citing al-Sabah. ...

Pump prices stuck on 'up'
San Diego Union Tribune - United States
... measure, Joe Sparano, president of the Western States Petroleum Association, blamed pump prices on taxes, business costs, limited refinery capacity and the ...

Energy Business Dept's chief downplays concern on fuel shortage
Thai News Agency MCOT - Bangkok,Thailand
... General Panich Pongpirodom on Monday shrugged off a concern over possible shortage of fuel in the country, affirming the overall refinery capacity this year ...

Refinery News 4/20/06

World energy talks seek to bring down oil prices
INQ7.net - Philippines
... A global shortage of refinery capacity for transport fuels that must meet tighter environmental regulations and lower supply from Nigeria, Iraq and Venezuela ...

Reliance Petroleum IPO Oversubscribed, Gets Bids Worth $30 Bln
Bloomberg - USA
... Reliance's new refinery will be ready in time to benefit from higher earnings from processing of oil into fuels, given the shortage of refining capacity. ...

Gas prices soar - again
Sacramento Bee - CA, USA
... Yet while there's oil available, the nation lacks the refinery capacity to turn it into gasoline, analysts said. Gas inventories ...

Indian refiners process 9.4 pct more crude in March
NDTV.com - New Delhi,India
... 19.4 million tonnes. Exports are expected to rise in June, when IOC hopes to double its Panipat refinery capacity to 240,000 bpd.

Refinery News 4/19/06

Clinton Calls on Dubya to End Price Gouging
LongIslandPress.com - NY,USA
... Schumer, also of New York, asked the Federal Trade Commission (FTC) to investigate whether oil companies are intentionally keeping refinery capacity tight in ...

NYMEX oil ends near peak $72 on supply draw, Iran worries
Reuters - USA
... said US crude stocks fell 800,000 barrels to 345.2 million barrels last week as refinery runs increased 0.6 percentage point at 86.2 percent of capacity. ...

Oil prices soar; politicians worry
Allentown Morning Call - Allentown,PA,USA
... greater scrutiny of the oil industry, suggesting that companies might be intentionally driving up the prices at the pump by underutilizing refinery capacity. ...

Pertamina Targets Higher Avg Oil Refinery Capacity By '10
Yahoo! News - USA
... crude oil supplies from the Middle East for the expanded refinery production, Sumarno ... Dumai, Balikpapan and Plaju refineries have output capacity of 170,00 b/d ...

Refinery News 4/17/06

Oil’s not well
Financial Express - Bombay,India
... into the refinery business needs to be assessed in the backdrop of the strong likelihood that the prevailing shortfall in global refinery capacity will be made ...

KS Oils net up 276%
Business Standard - India
... KS Oils is also expanding its refinery capacity and is under active negotiation for acquisition of new plants in Rajasthan, the release added.

Help wanted: A new hammer on the hill (and an agenda)
renewamerica.us - Washington,D.C.,USA
... reform, lawsuit abuse reduction, repeal of the Death tax, stealth (alternative minimum) tax exemption for individuals, increasing refinery capacity, and (most ...

Capacity report by Qatargas within year
Gulf Times - Doha,Qatar
DOHA: Qatargas would submit a report to Qatar Petroleum (QP) within a year on expanding capacity of the $800mn Laffan Refinery (LR), whose foundation stone was ...

Refinery News 4/12/06

Crude Oil: Clean & Dirty: Not Just Your Laundry!
CattleNetwork.com - Stanley,KS,USA
... While the lack of flexibility in the tanker market may not get as much publicity as the lack of spare production and refinery capacity, it is another factor ...

Brazil’s Petrobras to produce 2.3 million barrels of oil per day ...
Macauhub - Macau,China
Brasilia, Brazil, 12 April – The production capacity of Brazilian oil company Petrobras in 2010 will exceed its refinery capacity, the company’s president ...

Gas price spike is expected to stick around
St. Louis Post-Dispatch - MO, United States
... Already, prices in some cities are headed in that direction as oil prices march toward $70 a barrel and refinery capacity is limited by maintenance projects ...

Refinery News 4/6/06

OPEC March output lowest this year
Daily Times - Lahore,Pakistan
LONDON: OPEC oil output fell 180,000 barrels per day in March as attacks on Nigeria’s oil industry left the members bound by formal supply limits pumping at ...

Senate bill would scrutinize oil mergers, OPEC
FXstreet.com The Futures Market - Barcelona,Spain
... "OPEC has America over a barrel, and we should fight back," said Sen. Patrick Leahy of Vermont, the judiciary panel's senior Democrat. ...

OPEC president rules out oil output cut
Reuters - USA
ABUJA (Reuters) - OPEC President Nigeria expects OPEC to keep output at near-maximum levels with the oil price at about $67 a barrel, Nigerian Minister of ...

3-Oil extends rally towards $68, OPEC powerless
Ninemsn - Sydney,New South Wales,Australia
... United Arab Emirates' Oil Minister Mohammed bin Dhaen al-Hamli said OPEC was powerless to bring down prices that are closing in on their record $70 a barrel ...

US senators unveil plan to rein in big oil, OPEC
Reuters - USA
... that could spur more federal scrutiny of future mergers between oil companies, and trigger a possible price-fixing lawsuit against the OPEC oil cartel. ...

Daily Commodities Comments for 4/06/2006
Schaeffers Research - Cincinnati,Ohio,USA
... With US unleaded prices seemingly on their way to the January highs and the OPEC basket price already hitting fresh all-time highs this week, it is clear that ...

OPEC president rules out oil output cut
Daily Times - Lahore,Pakistan
ABUJA: OPEC is likely to keep output at near-maximum levels, as oil prices are at about $67 a barrel, within sight of record highs, the producer group’s ...

Opec toothless to tame high oil prices : UAE
Financial Express - Bombay,India
PARIS, APRIL 6: Opec is powerless to bring down oil prices that are closing in on their record $70 a barrel high, United Arab Emirates’ oil minister Mohammed ...

Consumers must work with oil powers to tackle crisis
Reuters.uk - UK
... Set up in the 1970s as a counterweight to OPEC, then at the height of its influence, the IEA now considers itself a collaborator as the producers' cartel seeks ...

Bill would increase scrutiny of oil mergers, OPEC
FXstreet.com The Futures Market - Barcelona,Spain
... Pa., formally introduced legislation Thursday that he said would allow price-fixing lawsuits against the Organization of Petroleum Exporting Countries, or OPEC ...

Jordan's Ambassador to Kuwait meets Kuwaiti officials and OPEC ...
Jordan News Agency (Petra) - Jordan
The Ambassador also discussed with Organization of the Petroleum Exporting Countries (OPEC) Secretary General Abdul Aziz Al Turki OPEC's efforts to prepare for ...

Refinery News 3/27/06

 Gulf firms eye Indian refining opportunities
Gulf Times - Doha,Qatar
... will commence. The refinery capacity will be further raised to 12mn tonnes by 2007 end and further to 14mn tonnes by 2008 end.”. ...

Refinery News 3/23/06

BP pulls out of Bhatinda refinery JV
Business Standard - India
... Besides, major capacity additions are planned both in private and public sector, leading ... joint venture vehicle to build a 9 million tonne refinery at Bhatinda ...

A security system is needed to stabilize the Gulf
Daily Star - Lebanon - Beirut,Lebanon
... That is because the surge in demand for energy supplies from Asia is bound to stay on the up, while the shortage of refinery capacity will take decades to ...

Oil production increase
Minot Daily News - Minot,ND,USA
... Mandan, which had its biggest year ever last year. He said refinery capacity appears adequate to handle the current oil production.

India vows more refinery growth despite glut fears
Reuters India - Mumbai,India
... Simple refinery margins in Singapore, a proxy for Asia, have remained mostly above $2 ... out big plans to increase processing to alleviate a capacity crunch that ...

Refinery News 3/22/06

SEEING RED AT THE PUMP - AGAIN
Westerly Sun - Westerly,RI,USA
... further tightened gasoline supplies" by "initially taking out more than 25 percent of US crude oil production and 10-15 percent of refinery capacity." It also ...

Revised Forecast for Airline Financial Performance; 2006 Losses ...
U.S. Newswire (press release) - Washington,DC,USA
... Instead of expanding refinery capacity, the oil companies plan to return a quarter of a trillion dollars to investors over the next two years. ...

BRIAN LEE crowley
ChronicleHerald.ca - Halifax,Nova Scotia,Canada
... the ground. We have a flow problem – we’re having difficulty getting the reserves to market, and refinery capacity is tight. ...

Reliance, Indian Refiners' Fuel Exports to Rise After Expansion
Bloomberg - USA
... oil annually. It would double capacity at its refinery in Panipat to 12 million tons annually by June. Hindustan Petroleum Corp. ...

Refinery News 3/20/06

Nation to increase refinery capacity
Xinhua - China
BEIJING, March 20 -- China plans to increase its refining capacity by one-third by 2010 as it races to keep up with surging demand for oil and refined products ...

Valero says Port Arthur work delayed till Q4
Reuters - USA
... Lake City. Valero took over the project to expand the refinery's capacity to 325,000 bpd when it purchased Premcor Inc. last year.

China plans to substantially increase refinery and ethylene ...
Polymerupdate.com (subscription) - Bandra,India
According to domestic media reports in China, by the year 2010, the country plans to increase its refinery capacity by 31.6% while more than doubling its ...

US Refiners Wary About Capitol Hill, Specter Of Oversupply
CattleNetwork.com - Stanley,KS,USA
... Johnson touted the EPA's efforts to address refiners' concerns, recalling the incentives for refinery capacity expansion and the renewable fuels standard ...

China : Improved oil outputs by 2010
Fibre2fashion.com - India
China is pondering over new schemes and working hard so as to shoot up its refinery capacity by 31.6 percent and almost increase its ethylene output twofold by ...

Angola says in JV with China to build refinery
Reuters South Africa - Johannesburg,South Africa
... onstream. Angola has said in the past that it would like to see the refinery's capacity reach about 200,000 barrels per day. Local ...

NPRA's 104th Annual Meeting Opens in Salt Lake City, Utah ...
Business Wire (press release) - San Francisco,CA,USA
... Finally, "Making the Case for Increased Refinery Capacity" will look at the challenges of adding increased domestic refining capacity to meet the supply ...

China plans to boost refinery capacity
Daily Journal (subscription) - Caracas,Venezuela
SHANGHAI, China (AP) – China plans to increase its refining capacity by about one-third by 2010 as it races to keep up with surging demand for oil and ...

Refinery News 3/15/06

Pakistan Asia’s Emerging Energy Hub
Pakistan Link - Inglewood,CA,USA
... development in major countries such as China and India, which coincides with constrained global oil production and restricted refinery capacity worldwide. ...

Malfunction Slows Production at Refinery
Houston Chronicle - United States
... Moorehead said it could take up to two weeks to get the refinery in the island of St. Croix back to its daily maximum capacity of 500,000 barrels of gasoline ...

US crude stocks rise sharply, gasoline slips: EIA
Herald News Daily - Williston,ND,USA
... Refinery utilization increased by 2.7 percentage points to 85.7 percent of capacity, the EIA said. Analysts in the Reuters survey ...

'Addicted to Oil'
VillageSoup Belfast - ME, USA
... In addition to being one of the top four oil-producing countries in the world, the United States also has far more refinery capacity than any other country ...

Refinery News 3/14/06

Indonesia, Iran To Meet In Bali To Discuss Refinery Plan
Yahoo! News - USA
... PT Pertamina (PTM.YY), signed a preliminary agreement with Iran's state-owned oil company Nafta Iran to build a refinery with a processing capacity of 300,000 ...

Senate is Again Probing Rising Gas Prices
KBTV4.tv - Beaumont,TX,USA
... They cite a lack of refinery capacity and supply-and-demand problems. They are also stressing that profits are often invested in additional exploration. ...

NPRA Submits Statement for the Record to the Senate Judiciary ...
Business Wire (press release) - San Francisco,CA,USA
... findings concluded that major factors influencing prices were: "consumer demand for gasoline," "refinery capacity," "refinery utilization," "inventories ...

Indonesia Pertamina May Shut 50,000 B/D Refinery In June
Yahoo! News - USA
"We plan to shut the Sungai Pakning refinery for a ... Pertamina operates seven oil refineries with a total output capacity of around 1 million b/d. But these ...

Energy Matters: Refinery Snags Ignite Gasoline Rally
CattleNetwork.com - Stanley,KS,USA
... heavy maintenance (running at a five-month low of just 83% of capacity) ahead of ... Monday a 50,000 b/d gasoline production unit at its Isla refinery in Curacao ...

Refinery News 3/8/06

On Tuesday ONGC and Shipping Corporation of India announced ...
NDTV.com - New Delhi,India
... A new refinery is to be built in two phases with 15 MMTPA capacity with an integrated petrochemicals complex. In the final phase ...

UPI Energy Watch
United Press International - USA
... said. This would be Mongolia's first refinery and would have an annual refining capacity is 1.5 million tons of crude. Signed during ...

IOC eyes higher diesel sales to Bangladesh
Reuters India - Mumbai,India
... at Haldia near the Bangladesh border, hopes to boost exports to Bangladesh in 2006/07, particularly after its Panipat refinery doubles its capacity to 240,000 ...

Status quo likely, despite big supply
Houston Chronicle - United States
... oil prices high is an intangible fear factor — the worry that a refinery in Saudi ... the run-up in prices is to at least double the amount of capacity in OPEC's ...

Visakha Refinery`s clean fuel project to be complete by `07
Business Standard - India
... “Besides producing quality products, the clean fuel project will enable the refinery to raise its capacity to about 8.2 million tonnes from the existing 7.5 ...

ECB policymakers see lots of cash, brighter growth
Reuters - USA
... said. Reasons for this included limited refinery capacity and high energy demand, particularly from China and the United States.

Iran oil pipelines catch fire, supplies unaffected
Reuters AlertNet - London,England,UK
... His men extinguished the blaze at 7:00 am (0330 GMT). Iran is the world's fourth biggest crude producer. The refinery at Abadan has capacity up to 450,000 bpd.

Chevron pumping up
San Francisco Chronicle - CA, USA
... billion last year. Boosting a refinery's capacity can cost less than drilling new wells, which might not produce as much as hoped. ...

Iran's oil exports in danger due to rising Ahwaz unrest
British Ahwazi Friendship Society - London,UK
... leak. The Abadan refinery has a capacity of 450,000 barrels per day, around 30 per cent of Iran's total refining capacity. Al-Ahwaz ...

New Orleans Area Sugar Refinery Continues Rebuilding Efforts; 200 ...
U.S. Newswire (press release) - Washington,DC,USA
... part, to the hard work of its employees -- many of who are living at the refinery in FEMA trailers. Today, Domino Sugar is producing at 90 percent capacity. ...

RPT - Oil ends at 3-week low as US supply nears 7-year high
ForexTV.com - Glen Head,NY,USA
... The decline in petroleum products comes on the heels of fall in refinery capacity utilization, which fell to 83 pct from 85.2 pct, according to Energy ...

Chalco unveils big plans
Brisbane Courier Mail - Queensland, Australia
... that the company may be planning to initially ship as much as 3.3 million tonnes of bauxite a year from Aurukun to China until the refinery capacity is expanded ...

Reliance Petroleum to Borrow Additional $2 Bln to Fund Refinery
Bloomberg - USA
... Reliance plans to build a refinery capable of processing 580,000 barrels of crude oil a day, nearly doubling Jamnagar's existing capacity of 660,000 barrels a ...

TO THE POINT
Investor's Business Daily (subscription) - USA
... The investments in new drilling and added refinery capacity will add 2 mil barrels a day to its oil output potential by 2015, a 50% rise over last year's ...

Iran votes for petrol rationing
Aljazeera.net - Qatar
Despite being Opec's number two crude producer, Iran lacks refinery capacity and imports more than 40% of the 60 to 70 million litres of petrol it burns each ...

Alumina prices expected to come down
Purchasing.com - Newton,MA,USA
... steadily higher since the July 1999 explosion at a Gramercy refinery in Louisiana ... With aluminum demand strong this year and new alumina capacity still only in ...

Expansions planned
SunHerald.com - Biloxi,MS,USA
... Campbell pointed out the crunch on refinery capacity since Katrina and said "Chevron has been investing aggressively in areas where it can increase energy ...

ConocoPhillips ‘best bid for Yanbu’
Trade Arabia - Manama,Bahrain
... Rabigh refinery on the Red Sea is due to start up in the second half of 2008. Saudi Arabia's Haradh oilfield is set to boost the kingdom's production capacity ...

Reserves Rise to Record
The Moscow Times - Russia
... Ukraine wants to double its refinery capacity and set up a strategic oil reserve storing a 90-day supply by 2008, in an attempt to reduce its dependence on ...

Refinery News 3/7/06

Mukesh makes a market move
Calcutta Telegraph - Calcutta,India
... The company is setting up a Rs 27,000-crore export-oriented refinery, with a capacity to process 580000 barrels of crude per day or and a 900000-tonne per ...

$2.2B deal to expand Ashland refinery
New Orleans CityBusiness - New Orleans,LA,USA
... crude oil per day. The expansion would increase refinery capacity by 180,000 barrels per day, bringing it up to a 425,000 barrels. ...

EnCana to embark on share buy-back plan after $1.5B gas storage ...
Canada East - Canada
... Its natural gas storage business includes 174 billion cubic feet of capacity at five ... partners who could give it access to a North American refinery upgrader in ...

HPCL plans equity stake in Shell's LNG terminal
Newindpress (subscription) - Chennai,India
... In the case of the refineries, he said the capacity of the Mumbai Refinery was being raised from 5.5 million tonnes to 7.9 million tonnes, and the Vizag ...

Tata Steel raises $500 m via overseas term loan
Business Standard - India
... billion special economic zone refinery project adjacent to the existing refinery at Jamnagar ... leverage it to achieve its aim of enhancing steel capacity to 15 ...

Chevron Outlines Future Growth in Upstream, Natural Gas and ...
Yahoo! News (press release) - USA
... its refinery in Pascagoula, Miss., to become the second-largest in the United States and among the top 10-largest in the world based on crude capacity. ...

Canadian oil imports forcing down local prices
KXMA - Dickinson,ND,USA
... Part of the problem is refinery and pipeline capacity. The Tesoro refinery normally buys between about 60,000 barrels of oil each day. ...

Reliance May Spend 150 Bln Rupees on Retail Stores (Update5)
Bloomberg - USA
... In 1996, Reliance invested $6 billion to build the 27-million-ton-a-year oil refinery at Jamnagar at a time when the complex's capacity was roughly equal to ...

Oil importers clash over storage facility
East African - Nairobi,Kenya
... The rest is served through crude oil which is separated at the refinery. ... Mr Mundia said he did not believe the penalties would resolve the capacity issue. ...

Preliminary non-audited finanancial results of Unipetrol Group in ...
Webbolt Business News (subscription) - Toronto,ON,Canada
... RAFINÉRIE which manage of 51% of CESKA RAFINERSKA production capacity made in 2005 ... was a drop down in the average UNIPETROL RAFINÉRIE's refinery margin, what ...

Global Alumina secures waiver and revised alumina purchase option ...
Yahoo! News (press release) - USA
... decides to construct a third processing line at its proposed refinery, the Company ... to 20% of the expected annual alumina production from the expanded capacity. ...

Azersun to Open Sugar-Refinery Plant Late March
Baku Today - Baku,Azerbaijan
Official opening of sugar-refinery plant Azersun Holding in the Imishli region is ... The daily production capacity of the enterprise will make up 5,000 tons of ...

ONGC to upgrade its subsidiary
United Press International - USA
The Hindustan Times newspaper said Monday the capacity of the refinery will be increased from the current levels of 9.69 million metric tons per year to 15 ...

Refined step
Business Standard - India
... Reliance Petroleum will also come out with an IPO to part-finance its $6 billion refinery project. HPCL is planning to raise the capacity at its Mumbai and ...

Chirac ends Saudi visit without defense deal
Middle East Online - UK
... The refinery, with a capacity of 400,000 barrels per day (bpd), would be built in Jubail on the Gulf coast. Although he did not ...

Reliance Petroleum files DRHP with SEBI
India Infoline.com - Mumbay,India
... RPL is setting up $6bn export oriented refinery with a capacity to produce 5,80,000 barrels per day of crude and a 9,00,000 tons per annum polypropylene plant.

Alon USA Reports Most Profitable Annual and Fourth Quarter Results ...
MSN Money - USA
... in the fourth quarter of 2005 and increased refinery production as a result of the expansion of the Big Spring refinery's crude oil throughput capacity and the ...

Chevron to boost oil and gas production
BusinessWeek - USA
... As for the potentially major expansion of the Pascagoula refinery, Gheit said it was a good idea. "We need every bit of refining capacity we can get," he said. ...

ONGC approves Rs 8000 cr capex plan for MRPL
Moneycontrol.com - Mumbai,India
... Nikhil Bhatnagar, it’sa Rs 8000 crore refinery upgrade plan. This will increase MRPL’s capacity from 9.69 mmtpa to 15 mmtpa. ...

PetroVietnam told to speed up construction of refinery
Viet Nam News - Hanoi,Vietnam
... and service buildings and other projects comprised in the Dung Quat Refinery programme. ... by the Government in 2005, the plant has a designed capacity of 190 MW ...

ND sees dipping of oil prices
Bismarck Tribune - ND, USA
... Ron Ness, president of the North Dakota Petroleum Council, said pipeline capacity, refinery problems and a flood of Canadian oil are some of the factors that ...

MRPL to invest 80 billion for refinery capacity expansion
Newindpress (subscription) - Chennai,India
“The capacity of the refinery will be enhanced from the present 9.69 million metric tonnes per annum (mmtpa) to 15 mmtpa,” the state-owned company said in ...

Ecopetrol invites 4 pre-qualified firms to bid on Cartagena ...
BNamericas - Santiago,Chile
... The Cartagena project, which includes a new cracking unit and hydrotreatment units, is designed to increase the processing capacity of the refinery to 140,000 ...

Reliance May Spend 150 Bln Rupees on Retail Stores (Update2)
Bloomberg - USA
... In 1996, Reliance invested $6 billion to build a 27-million-ton-a-year oil refinery at Jamnagar at a time when the complex's capacity was roughly equal to the ...

Oil arm seeks to market kerosene
Business Standard - India
... refinery under commissioning at Jamnagar, Gujarat. The facility is expected to be operational by July this year. The initial phase is pegged to have a capacity ...

BPCL to commission Bina plant by end-2009
NDTV.com - New Delhi,India
... Petroleum had earlier said it was planning a 10-billion-rupee initial public offering for the new refinery, which is expected to have a capacity of 120,000 ...

EnCana selling gas storage business
Toronto Star - Canada
... It includes 174 billion cubic feet of capacity at five locations in Alberta ... partners who could give the company access to a North American refinery upgrader in ...

HPCL says refinery expansions delayed
Reuters India - Mumbai,India
... Last week, Mangalore Refinery and Petrochemicals Ltd., said it would spend $1.8 billion to boost its refinery capacity to 300,000 bpd from 194,000 bpd. ...

MDM Bank: 7 March 2006 Equity Markets Daily
ИА ФИНМАРКЕТ - Москва,Russia
* Rosneft wants to raise the capacity of Tuapse Refinery to 12 mn tons and persuade other oil companies to transfer crude destined for the Tuapse port for ...

IOC on the prowl abroad
Business Standard - India
... The company is expected to invest Rs 22,000-Rs 25,000 crore on the refinery with a capacity to produce 15 million tonnes of products and petrochemicals over ...

Prasad Sangameshwaran & Meghana Biwalkar / Mumbai/New Delhi March ...
Business Standard - India
... only piece missing in its picture was a refinery. But MRPL had more than its share of problems. In 1999, the company nearly trebled refining capacity by adding ...

India's ONGC to spend $1.8 bln on Mangalore
Reuters - USA
... said on Saturday its board had approved an investment of 80 billion rupees ($1.8 billion) to boost the capacity of Mangalore Refinery & Petrochemicals (MRPL.BO ...

Magellan Midstream Partners to Expand Pipeline and Marine Terminal ...
Yahoo! News (press release) - USA
... Currently, Magellan's 8,500-mile petroleum products pipeline system can access more than 40% of the refinery capacity in the continental United States ...

Oil: Recent Trends in Caspian Basin Energy Complex
Global Politician - Brooklyn,NY,USA
... The modernization of Azerneftyag Refinery, with production capacity of 14 mln tons a year and the more modern of two refineries in Azerbaijan, has already ...

Need for closer linkages in hydrocarbon sector: Murli Deora
NewKerala.com - Ernakulam,Kerala,India
... projects funded by CHT which was implemented at CPCL and IPCL, NMP extraction at IOCL-Haldia Refinery for a plant of 350,000 tones capacity, delayed coker at ...

Refinery News 3/6/06

HPCL says refinery expansions delayed
Reuters India - Mumbai,India
... Last week, Mangalore Refinery and Petrochemicals Ltd., said it would spend $1.8 billion to boost its refinery capacity to 300,000 bpd from 194,000 bpd. ...

Reliance Petro files prospectus
Business Standard - India
... Reliance Petroleum is setting up a refinery with a crude oil processing capacity of 27 million tonnes a year (580,000 barrels a day) and the completion target ...

Magellan Midstream Partners to Expand Pipeline and Marine Terminal ...
Yahoo! News (press release) - USA
... Currently, Magellan's 8,500-mile petroleum products pipeline system can access more than 40% of the refinery capacity in the continental United States ...

PetroVietnam told to speed up construction of refinery
Viet Nam News - Hanoi,Vietnam
... and service buildings and other projects comprised in the Dung Quat Refinery programme. ... by the Government in 2005, the plant has a designed capacity of 190 MW ...

Refinery News 3/3/06

Damage Control in New Orleans
E/The Environmental Magazine - Norwalk,CT,USA
... Now because Hurricane Katrina seriously affected the production, refinery capacity and price of oil in the United States, some in Congress are trying to use it ...

Aramco to boost capacity
Trade Arabia - Manama,Bahrain
... to boost its production capacity by 2.3 million bpd for Arabian light crude in three years. 'We have ambitious expansion plans for the refinery industry and it ...

Sunoco to spend $60 million to upgrade safety at S. Philadelphia ...
philly.com - Philadelphia,PA,USA
... The South Philadelphia refinery's "worst-case scenario" - required as part a ... to produce cleaner fuels, meet environmental regulations, and expand capacity. ...

Wyo oil dips under constraints
The Casper Star Tribune - Casper,WY,USA
... Kinder Morgan Canada, which owns the Express Pipeline, said the pipeline is flowing well below its 270,000 barrels per day capacity due to refinery turnaround. ...

Refinery News 3/2/06

Irving Oil's Saint John Refinery reaches two billion barrel ...
Canada NewsWire (press release) - Canada
... by supertanker. - 1971 - The company invests to expand the refinery's capacity to 120,000 barrels per day. - 1974 - The company ...

Oil tops $62 as output risks outweigh supply climb
Investor's Business Daily (subscription) - USA
... At the same time, refinery capacity utilization fell to 85.2% last week from 86.6% the previous week and crude-oil refinery inputs averaged almost 14.5 million ...

Refinery work boosts crude stocks, cuts fuel: EIA
Reuters - USA
... Refinery utilization fell 1.4 percent to 85.2 percent of operable capacity as refiners perform maintenance on refineries ahead of the summer driving season.

Jacobs to serve Europe's newest refinery
Construction and Maintenance News - Minsk,Belarus
The refinery facility, which has a capacity of 11 million tons per day, is the newest grassroots refinery in Europe. This contract ...

Refinery News 2/28/06

More platinum refinery capacity envisaged
Mineweb - Johannesburg,South Africa
... Certainly, Lonmin itself does not need the smelting capacity envisaged in the $10 million feasibility study that is scheduled to last 12 months. ...

China drives new-build orders
TMCnet - USA
... In the clean product market, damage from hurricanes Katrina and Rita served to underline the lack of refinery capacity in the US. ...

360,000 bpd condensate refinery to be established at SP
MehrNews.com - Tehran,Iran
... "As part of the same plan, another heavy crude refinery, with initial capacity of 160,000 bpd, will be constructed at Azadegan Oilfield and $12b of ...

Purvin & Gertz: China: Can Rapid Growth Be Sustained?
PR Newswire (press release) - New York,NY,USA
... to growth. Refinery capacity was carefully documented and crude runs by all of the major refineries presented. Our proprietary refinery ...

Largely a domestic commodity, natural gas will remain in heavy ...
Newsday - Long Island,NY,USA
... supplies generally are more reliable than those of crude oil or heating oil because they aren't dependent upon the nation's tight refinery capacity and because ...

750 mn tonne refinery in Barmer soon: Governor
Webindia123 - India
... several allied industries would also be set up alongwith the refinery, which are ... that it is necessary to increase the present 5380 megawatt capacity to 10,000 ...

ConocoPhillips completes deal for German refinery
Houston Business Journal - Houston,TX,USA
... For ConocoPhillips, the Wilhelmshaven refinery increases the company's overall European refining capacity from about 372,000 barrels per day to approximately ...

Refinery News 2/25/06 (Links to Al-Qaeda Story)

Al-Qaeda Attempt to Blow up Saudi Oil Refinery
Asharq Alawsat - London,UK
... forces prevented a terrorist attack on the Abqaiq oil refinery yesterday according ... Production in the facility continues at full capacity, and export operations ...

Suicide bombers attack the world's largest oil refinery
Scotsman - United Kingdom
... Saudi Arabia maintains crude oil production capacity of around 10.5-11.0 million barrels per day, and claims that it is "easily capable" of producing up to 15 ...

Will the Producing Countries Rebuild Oil Refineries?
Dar Al-Hayat - Saudi Arabia
... Even more, just one refinery with a 150-thousand-barrrel-per-day capacity is under construction now in Arizona though the permit to this end was issued in 1999 ...

Refinery News 2/23/06

Tribunal prohibits Sasol/Engen merger
Moneyweb - Johannesburg,South Africa
... The merged entity will enjoy a near monopoly of refinery capacity and a retail market share in the inland market that is considerable. ...

S. African tribunal refuses Sasol, Engen merger plan
Xinhua - China
... The Competition Tribunal said in a media statement on Thursday that Uhambo Oil would have enjoyed a "considerable" monopoly of refinery capacity and of retail ...

Plains All American Pipeline, LP Reports Record Results for 2005
MSN Money - USA
... or various grades of crude oil and resulting changes in pricing conditions or transmission throughput requirements; fluctuations in refinery capacity in areas ...

Calumet Specialty Products Partners, LP Reports Fourth Quarter and ...
MSN Money - USA
... credit from its suppliers; demand for various grades of crude oil and resulting changes in pricing conditions; fluctuations in refinery capacity; the effects ...

$1.1-1.3 bn Reliance Petro IPO due in April
Business Standard - India
... Reliance Petroleum is setting up a new refinery with an annual capacity of 27 million tonnes (580,000 barrels per day) and a 0.9-million-tonne polypropylene ...

Refinery boom tipping global market scales toward bust
Gulf Times - Doha,Qatar
... entrepreneur Richard Branson will follow through his promise to build a new refinery. ... half the announced plans will come to pass, leaving capacity tight and ...

Refinery News 2/21/06

Good Questions About Gasoline
WCCO - Minneapolis,MN,USA
... "One is that the refining capacity for diesel in the United States is much lower than the refinery capacity for conventional gasoline.". ...

AFRICAN DIAMONDS: Botswana Drilling Update