Management
Update: Nigeria oil union calls off strike after talks with Dangote Petroleum
The strike was called after the Dangote refinery—Africa's largest with a crude processing capacity of 650,000 bpd—dismissed more than 800 unionized staff.
Update: Nigerian oil union launches nationwide strike after Dangote refinery dismisses workers
The walkout, launched on Monday, has escalated tensions in Africa's top oil producer, with analysts warning that if the dispute spreads to other unions, it could disrupt oil field operations, halt product flows and lead to fuel shortages at petrol stations.
Occidental Petroleum in talks to sell OxyChem chemical unit for at least $10 billion
Occidental Petroleum has announced that it is in advanced talks to sell its chemical division, OxyChem, for at least $10 billion.
Indonesia's Pertamina to merge refinery, shipping and retail operations
Asia/Pacific
/ Economics
/ Gasoline
/ Management
/ Project Management
/ Refining
/ Sustainable Aviation Fuel
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.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
