News Articles

Iraq and Japan sign new loan agreement for Basra refinery upgrade

A $300 Mn agreement for the third loan for the Basrah Refinery Upgrading Project has been signed by officials from the Iraqi Planning and Finance ministries and Japan International Cooperation Agency (JICA).

South Sudan’s Bentiu oil refinery ready to supply the region

According to the Minister of Petroleum, South Sudan’s 10kbd (0.5Mnta) Bentiu refinery is operating at the capacity of 3kbd (0.15Mnta) and will soon supply 10 regional states and countries in the region with refined oil products.

Shell plans to retain Norco refinery

Royal Dutch Shell will have just one operating crude oil refinery in the US, it’s 227.4bpd Norco refinery in Louisiana by the end of 2021.

NNPC to acquire 20% stake in private oil refineries

Nigeria’s President, Muhammadu Buhari, has set a new directive that authorises Nigerian National Petroleum (NNPC) to acquire a 20% stake in any private oil refinery producing at least 50kbd (2.5Mnta).

Gazprom Neft awards EP contract for new unit at Moscow refinery

Gazprom Neft has awarded a preliminary contract to Técnicas Reunidas to provide engineering and procurement (EP), and project management services for the construction of a grassroots delayed coking unit to be built as part of a new deep refining complex planned as part of the modernisation and upgrade of its 240kbd (12Mnta) Moscow refinery.