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