Saturday 25 October 2014
 
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refiner

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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