News Articles

NNPC to partner with Aramco to revamp refineries

According to Nigerian President Muhammadu Buhari said Nigerian National Petroleum and Saudi Aramco are to collaborate on the revamp of Nigeria’s refineries.

Petronas and Saudi Aramco close to signing final RAPID financial deal

Petronas and Saudi Aramco are close to signing the last $2 Bn tranche of the $10 Bn financing package for the RAPID project in Malaysia.

Moscow refinery Phase 2 by 2021, Phase 3 by 2023-24

The Moscow refinery in Russia is to complete Phase 2 of its modernisation project by 2021 when it will launch the new Euro+ complex, consisting of hydro treating, catalytic cracking, catalytic reformer and visbreaking units, that are to replace outdated units. Phase 3 is expected to be completed by 2023-2024.

Afipsky refinery to proceed with upgrades

Safmar Group, which acquired Russia’s Afipsky refinery earlier this year, plans to invest over $1 Bn in completing upgrades to achieve light products yield of 80%-85% and increase primary processing capacity from 120kbd (6Mnta) to180kbd (9Mnta) at the plant.

Poland to fully restore emergency oil stocks in 1Q20

Poland’s oil refineries plan to fully restore their emergency crude oil stocks in 1Q20 after they were depleted when supplies from Russia stopped in April due to contamination of oil via the Druzhba pipeline.