Europe
Russia says in talks over Iranian oil purchases
SOCHI, Russia (Reuters) -- Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports.
Mexico's Pemex inks hydrogen refinery JV with France's Air Liquide
MEXICO CITY (Reuters) -- Mexico's Pemex will partner with France's Air Liquide SA to operate an existing hydrogen plant and build a second one at its Tula refinery, the Mexican state-owned oil company said in a statement on Thursday.
Hellenic Petroleum Q4 core profit beats forecasts
ATHENS (Reuters) -- Greece's biggest oil refiner Hellenic Petroleum reported a 17% rise in fourth quarter core profit on Thursday, helped by strong refining margins and exports.
Vitol and Galaxy Energy win Rosneft tender for Urals crude
MOSCOW (Reuters) -- Russia's Rosneft awarded a sell tender for Urals crude oil for loading from Primorsk, Ust-Luga and Novorossiisk between April and September to traders Vitol and Monaco-based Galaxy Energy, four market sources told Reuters.
Oil rises as OPEC aims for deeper output cuts
LONDON (Reuters) -- Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.
Russia's Lukoil sells its petrochemical plant in Ukraine
MOSCOW (Reuters) -- Russian oil producer Lukoil said in a statement on Tuesday it has completed the sale of its Karpatneftekhim petrochemical plant in western Ukraine.
Gazprom Neft implementing advanced process control systems at Moscow refinery
An advanced process control (APC) system is being implemented at the Gazprom Neft Moscow Refinery, directed at increasing effectiveness and optimizing the operation of the plant’s production facilities. The new system has been installed throughout 2016 at the plant’s crude distillation units, catalytic reforming units, gas fractionating facilities, gas-fractionation and hydrotreatment facilities for diesel fuels.
Rosneft-led consortium plans to complete Essar acquisition next month
MOSCOW (Reuters) -- A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.
S.Korea's SK Energy buys Russian Urals crude for first time in 10 years
SEOUL (Reuters) -- SK Energy has bought Russian Urals crude for the first time in 10 years, a spokeswoman for the parent company of South Korea's top refiner said on Friday.
Europe's refiners cash in despite OPEC oil cuts
LONDON (Reuters) -- A global deal to cut oil production has had the unintended consequence of aiding Europe's older refineries by bolstering supplies of light crude while curbing shipments of the heavier grades favored by more advanced plants in other continents.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
