Strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for ExxonMobil and Chevron, the two largest US oil companies.
A flood of oil produced from US shale formations has pushed refining margins high
Türkiye Petrol Rafinerileri (Tüpraş), a key player in refining and distribution of petroleum products in Turkey, has signed a $200 million, one-year facility with a group of nine banks from the GCC region.
The exhibitors of the eighth Middle East Refining and Petrochemicals Conference and Exhibition (Petrotech 2012) held in Manama have hailed the event as a success and paid tribute to Bahrain's business-friendly environment.
Saying the prest
The eighth Middle East Refining and Petrochemicals Conference and Exhibition (Petrotech 2012), which begins in Bahrain on Sunday, is expected to attract more than 3,000 delegates, it has been announced.
The event, under the patronage of Hi
Benefits that can be achieved in the downstream industry through diversification strategies, integrations plans and key business improvements during times of financial unrest will be highlighted at an upcoming summit in Abu Dhabi.
The World Refining Association will host the Middle East Chemical Week (MECW) Awards 2011, which will recognise and reward organisations setting standards of excellence in the petrochemical and fertiliser industries across the Middle East region.
Bahrain's state-owned refinery Bapco is looking to increase its refining capacity to 400,000 barrels per day (bpd) from the current 267,000 bpd as part of a modernisation of the refinery, the Bahraini energy minister was cited as saying on Mon
State-run Petronas will build a $20 billion integrated refinery and petrochem complex, Malaysia's largest single investment in recent years, that will boost its refining capacity by half, to 935,300 bpd, as it looks to meet Asian demand f
The challenges and opportunities facing the Middle East's downstream oil industry will be discussed during a key forum in Abu Dhabi in May.
The Middle East Downstream Week, from May 8-11, will bring together leading policy makers, mi