Sunday 1 May 2016
 
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Refining

Exxon, Chevron earnings slide on low oil prices

Exxon Mobil Corp and Chevron Corp on Friday reported their most dismal quarterly results in more than a decade on low oil prices and an oversupplied fuel market that hurt what had been lucrative refining margins. As crude prices s

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Egyptian Refining Co to start output at country's largest refinery in Q1 2017

The Egyptian Refining Company, a subsidiary of one of Egypt's largest investment companies Qalaa Holdings, will start production at its $3.7 billion oil refinery in the first quarter of 2017, managing director Mohammed Saad said.

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Asia oil refining margins hit 2015 low, Mideast supply to drag

Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30 per cent this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut. &n

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Saudi Arabia rewrites oil game with refining might

Saudi Arabia's rapid transition into one of the world's largest oil refiners has added an extra dimension to the oil exporter's role as the driver of Opec (Organization of the Petroleum Exporting Countries) policy, say experts.

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Saudi Arabia rewrites oil game with refining might

Saudi Arabia's rapid transition into one of the world's largest oil refiners has added an extra dimension to the oil exporter's role as the driver of Opec (Organization of the Petroleum Exporting Countries) policy, say experts.

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Energy conservation in refining sector urged

There is a growing need for energy conservation in the refining sector due to falling oil prices, Bahrain’s Energy Minister Dr Abdulhussain Mirza said yesterday (February 3). He was speaking after opening the "Options f

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ERC to spend $2.7bn more on refinery project

Egyptian Refining Company (ERC) will spend about $2.7 billion during 2015 and 2016 to complete its on its Mostorod refinery project. Approximately $1 billion has already been invested in the project by the Qalaa Holding's subs

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Global oil refining capacity set for fastest rise since 1999

Global oil refining capacity will grow by more than three per cent over the next two years, the fastest in 15 years, due mostly to new plants in China and the Middle East, the Bank of America said in a report.  

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$350m Saudi pipeline contract on the way

Construction contracts for a new crude oil pipeline between Saudi Arabia and Bahrain are expected to be tendered by the end of the year, said a report. The front-end engineering and design (FEED) for the pipeline has been complete

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$350m Saudi pipeline contract on the way

Construction contracts for a new crude oil pipeline between Saudi Arabia and Bahrain are expected to be tendered by the end of the year, said a report. The front-end engineering and design (FEED) for the pipeline has been complete

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