News Articles

Curacao seeking $162 million from PDVSA for refinery operations

Curacao is pursuing a $162 Mn arbitration claim against PDVSA over its management of the island’s oil refinery. It recently seized a PDVSA-owned oil storage terminal in Bonaire to enforce claims for overdue payments, maintenance costs and environmental damage.

Maintenance under way at Litvínov complex

Unipetrol is progressing with its regularly scheduled 4-year major turnaround at its 108kbd (5.4Mnta) Litvínov refinery and petrochemical complex in the Czech Republic, though a modified version to ensure safety and health of workers at the site during the ongoing coronavirus crisis.

China’s Shandong province to expand crude storage capacity by end-2020

Shandong province, home to nearly 80% of China’s small independent refiners, is set to expand its 300MnBbls crude storage capacity by 64.54MnBbls (10.26MnCum) by the end of this year for storing cheap crudes.

Indian Oil plans refinery operation capacity scale up

Indian Oil has restarted several process units at its refineries that were down due to the lockdown as demand for petroleum products gradually picks up. Refineries are currently operating at approx. 60% with plans to scale up to 80% by the end of May.

Idled Bakersfield refinery to become renewable fuels plant

Global Clean Energy Holdings (GCEH) has acquired and plans the immediate conversion of Alon’s idled 70kbd (3.5Mnta) Bakersfield refinery in California into a renewable diesel production plant.