News Articles

Chevron signs deal to buy Petrobras’s Pasadena refinery & assets

Chevron has signed a share purchase agreement with Petrobras to acquire all outstanding shares and equity interests of Pasadena Refining System Inc. (PRSI), including the 110kbd (5.5Mnta) Pasadena refinery for $350 Mn.

STAR refinery sells first products

SOCAR’s Star Oil Refinery (NEZ) in the Aliaga district of Izmir, Turkey, has launched the sale of its first products and will start operating at full capacity in the next 10 days.

New additional crude unit at Beaumont refinery

ExxonMobil has reached a final investment decision to proceed with a plan to expand crude refining capacity by more than 65% at its 366kbd (18.3Mnta) integrated Beaumont refining complex in Texas.

New refinery at Nagapattinam in planning

Chennai Petroleum is planning to set up a 180kbd (9Mta) greenfield refinery at Nagapattinam in Tamil Nadu, a cost of Rs 27,460 crore (plus or minus 30%).

RAPID facility to be commercial operational by 4Q19

The 300kbd (15Mnta) RAPID facility in the southern Malaysian state of Johor, operated by Pengerang Refining and Petrochemical, a joint venture between state-run Petronas and Saudi Aramco, has fired up its crude distillation unit and is expected to be ready for commercial operations by 4Q19.