Economics

Update: SOCAR inks deal to buy oil refiner Italiana Petroli

People close to the matter had previously said that Italy's Brachetti Peretti family was seeking an enterprise value of around €2.5 B ($3 B) for the company, which holds some €500 MM in cash.

AFPM: U.S. EPA’s RFS proposal doesn’t square with the ‘energy dominance’ agenda

Indonesia's Pertamina to merge refinery, shipping and retail operations

Indonesian state energy firm PT Pertamina will merge the operations of its refinery, shipping and retail units to improve efficiency in its core business, CEO Simon Aloysius Mantiri said.

Pakistan's top refiner Cnergyico to boost fuel oil exports as domestic sales plummet

China's teapot refiners face fresh test from crackdown on tax evasion

Refiners are required to pay consumption taxes both when they import feedstock such as fuel oil and also on the refined products they produce, but evasion is widespread.

Ecovyst announces agreement to sell its Advanced Materials & Catalyst segment to Technip Energies for $556 MM

Southeast Asia set to export surplus biofuels to Europe, Petronas executive says

Southeast Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas company Petronas said.

U.S. refinery-state senators look to block Trump from shifting renewable fuel obligation

Canada pledges money, regulatory reform to boost biofuels

LNJ GreenPET, Sumitomo partner to accelerate recycled PET sector