Monday 29 August 2016
 
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refiner

Polish Lotos CEO says interested in Saudi, Iranian oil

The chief executive of Poland's No 2 oil refiner Lotos said he was interested in refining Saudi and Iranian oil as part of efforts to diversify away from Russian crude.   "We are interested in refining a

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Morocco oil refiner Samir plans $1.04bn capital increase

Morocco oil refiner Samir said it was planning a capital increase of 10 billion Moroccan dirham ($1.04 billion) in an effort to end the company's financial difficulties.   The refiner called for an extraordin

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India readies refiners for $700m oil payment to Iran

Indian refiners have been told to prepare to deposit $700 million with United Commercial Bank in readiness for it to pass on the first instalment of oil payments owed to Iran, two sources with knowledge of the matter said, ahead of the expecte

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Kaloti’s compliance with DMCC guidelines audited

Kaloti Precious Metals, a leading gold and precious metals refiner and trading house based in the UAE, has completed a voluntary reasonable assurance audit of the company’s precious metals supply chain, the company said. Con

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Sinopec posts $2.2bn net profit

Asia's largest refiner Sinopec Corporation posted a 22 per cent rise in second-quarter net profit, helped by better refining margins after China introduced measures to let domestic fuel prices follow the international market more closely.

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Exxon to sell Japan refiner stake for $4bn

Exxon Mobil plans to sell a large part of its 50 per cent stake in TonenGeneral Sekiyu back to its Japanese refining partner in a deal that could be worth about 300 billion yen ($3.9 billion), and will make an announcement as early as Monday, sour

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Indian refiners explore replacing Iranian oil

Indian companies have begun talks with alternative suppliers to slowly replace Iranian oil, fearing their current mechanism for payments to Tehran for some 350,000 barrels a day (bpd) via Turkey could soon succumb to sanctions, industry sources sa

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