Tuesday 1 September 2015
 
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Refineries

Oil refiners' "mini golden era" will end soon: IEA

A brief period of high profitability for the world's oil refineries is likely to come to an end as quickly as it began, the International Energy Agency (IEA) said.   Weak crude oil and relatively high prices

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Nigeria to produce at least 20pc of its gasoline needs

Major crude oil producer Nigeria aims to overcome its chaotic and crumbling refining sector to produce at least a fraction of the gasoline it needs to use itself. Its state oil company hopes that domestic plants can cover 20 perce

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Saudi Aramco plans cleaner fuels for key refineries

Saudi Aramco has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said. There has been a shift in Middle Eastern ref

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Saudi Aramco plans cleaner fuels for key refineries

Saudi Aramco has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said. There has been a shift in Middle Eastern ref

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Oil prices extend fall over weakening demand

Global oil prices extended their slide on Monday weighed by weakening demand in Europe and Asia, while refineries in Philadelphia and Ohio were hit hard by fires over the weekend, curtailing demand for crude in the US. Both Brent

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Saudi crude oil exports edge up to top 6.5m bpd

Opec heavyweight Saudi Arabia's crude oil exports edged up in September by around 59,000 barrels per day (bpd) while volumes used by domestic refineries remained high, official data showed on Tuesday. The world's top oil e

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Middle East's mega refineries crank up diesel output just as demand fades

A rapid rise in Middle East refining capacity will create a large glut of diesel as global demand growth for the road fuel weakens, the International Energy Agency said.   In its monthly report, the IEA forecast

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Egypt to invest $14.5bn in oil, petchem sectors

Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company prof

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Egypt to invest $14.5bn in petrochemicals, refining

Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company prof

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Islamist fighters advance in Syria despite US strikes

US and coalition planes pounded Islamic State positions in Syria again on Wednesday, but the strikes did not halt the fighters' advance in a Kurdish area where fleeing refugees told of villages burnt and captives beheaded. US

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