Refining
Indian refiners shift oil strategy, trim Russian buys and turn to Middle East
Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs.
VaroPreem CEO: Refining is 'critical infrastructure' for Europe
Europe built its last major refinery in 1975 and has shut dozens of facilities over the past 30 yrs as its oil production declined and its aging plants struggled to compete with modern facilities in China, India and the Middle East.
India's HPCL to begin crude processing at Barmer refinery by end of month
With the commissioning of the Barmer refinery, HPCL will become the second largest state-run refiner, replacing Bharat Petroleum Corp., which operates 706,000 bpd of capacity through its three refineries.
Gazprom Neft provisionally agrees to sell NIS stake to Hungary's MOL
NIS supplies about 80% of Serbia's fuel market and holds around half of the retail segment.
China's fuel oil imports slip in 2025 on weaker demand from refineries
China's demand for fuel oil typically comes from independent refiners, which can opt to use it as an alternative feedstock when they run out of crude-oil import quotas.
With refining spin off, Galp focuses on growing upstream in Brazil, Namibia
The company said earlier this month it was in talks with private equity-backed Moeve to combine their businesses in two new entities - one focusing on retail and another on refining.
- Fire at Russian petrochemicals plant kills at least three 4/2
- NH3 Clean Energy selects Linde to deliver FEED for the WAH2 project 4/2
- Phelan Green selects Honeywell process technology for flagship South African eSAF facility 4/2
- Metafuels secures Dutch government grant to advance Rotterdam eSAF project 4/2
- Topsoe partners with Hynfra P.S.A. to advance green ammonia in Jordan 4/2
- China calls for independent refiners to maintain fuel output amid war disruption 4/2
