Europe
Gazprom says Japanese lender JBIC may help finance Sakhalin-2 LNG expansion
Gazprom has discussed possible financing with the Japan Bank for International Cooperation for the expansion of the Sakhalin-2 LNG plant.
Genoil signs $50-B letter of intent to develop integrated oil project in Russia
Genoil Inc. has signed a $50-B letter of intent to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia.
Italy's Saras says it will clear Iranian oil debt in 2017
Italian oil refiner Saras has paid $177 MM of the debt it owes Iran for crude oil bought before sanctions were imposed and its chief financial officer said the total debt to Tehran will be cleared next year.
MOL to focus on refining efficiency, petrochemical diversification
The MOL Group will continue to focus on improving the efficiency of its refining business and expand its petrochemicals business to take advantage of growing demand.
EU regulators halt review of Dow, DuPont deal, await data
EU antitrust regulators have halted their scrutiny of the $130-B merger of Dow Chemical and DuPont after the companies failed to provide crucial data.
TotalErg pump network sale hangs on refinery deal
France's Total and Italy's Erg are looking to sell a stake in their Italian refinery business Sarpom to facilitate an auction of one of the country's biggest service station networks.
Saudi crude will continue to be supplied to PKN ORLEN refineries
PKN ORLEN has extended its contract with Saudi Aramco as a supplier of crude oil to its refineries in Poland, the Czech Republic, and Lithuania until December 31, 2017.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Croatia looks at options for Sisak refinery
Croatia is considering shutting down or changing the use of one of its two oil refinery sites, implying the government does not expect to secure investment to finance an upgrade of the plant.
BASF pipeline cut before blast
A pipeline of flammable material had been cut before a deadly blast at the headquarters of German chemicals group BASF last week.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- China's November fuel oil imports up 15% from October 12/22
- API releases new recommended practice for the safe transport of CO2 by pipeline 12/22
