News Articles

Petron to close Bataan oil refinery due to a difficult environment

Petron the Philippines sole refiner, is to shut down its 180kbd (9Mnta) Bataan refinery amid a difficult environment brought about by the coronavirus pandemic and an uneven playing field.

South Africa looks at building new refinery

South Africa Minister of Mineral Resources and Energy said the country will prioritizs building a new oil refinery to meet its growing energy demand.

Trafigura gains access to largest refinery in the Mediterranean

Trafigura has acquired a 3.01% stake in Italy's Saras, which operate the 300kbd Sarroch refinery on the island of Sardinia – the largest refinery in the Mediterranean.

Dangote refinery reached 80% completion

Work at Dangote’s 650kbd (32.5Mnta) Lekki integrated refinery and petrochemical project has reached 80% completion. However, the level of completion of some aspects of the project such as physical construction, remain at 60%. The refinery is expected to be ready by mid-2021.

Phase 1 of Ibigwe modular refinery is now completed

Waltersmith Petroman Oil has completed the 5kbd (0.25Mnta) Phase 1 at its Ibigwe modular refinery, and scheduled for official commissioning on 26 October 2020. Future growth plans include a 25kbd (1.25Mnta) Phase 2 and a final phase of 20kbd (1Mnta).