PDVSA has operated the refinery for decades, but the cash-poor company has been reluctant to invest in it.
Source: Offshore
PDVSA Negotiating Curacao Refinery Lease, Open to China Partner
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Iraq’s proposal to change the way it prices crude oil in Asia faces resistance from refiners who fear that longer lead times between pricing and deliveries will expose them to more risk.
Source: Offshore
Iraq Faces Resistance From Asian Buyers On 'Ambitious' Oil Price Change
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US energy firms cut oil rigs for a second week in a row ahead of Hurricane Harvey.
Source: Offshore
Baker Hughes: US Drillers Cut Oil Rigs Ahead Of Hurricane Harvey
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Oil rose and gasoline eased gains amid anticipation of Hurricane Harvey.
Source: Offshore
Oil Rises, Gasoline Gains Ease Ahead of Hurricane Harvey
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Asian OEMs are making rapid inroads into the African market as infrastructure developments present new growth opportunities
Source: African Review
Frost and Sullivan: Market competition for commercial vehicles in Africa intensifies
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The 2017 report highlights how Power Africa continues to lay the foundation for sustainable economic growth in Africa while creating opportunities for American businesses
Source: African Review
Power Africa releases its 2017 annual report
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Reliance expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive says.
Source: Offshore
India's Reliance To Boost Profit, Naphtha Exports By Using Ethane
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US gasoline prices surges to a 3-week high as Hurricane Harvey moves across the Gulf of Mexico and threatens to slam oil refineries in Texas.
Source: Offshore
Fuel Prices Rise, Refineries Shut As US Braces For Hurricane
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While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around.
Source: Offshore
Oil Slump No Obstacle to 300% Return for Norwegian Driller
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There is little doubt that Iraq’s mooted shift to using Dubai crude futures from long-standing price assessor Platts will shake up the trading of Middle East oil.
Source: Offshore
Russell: Revolution Or Evolution? Iraq Shakes Up Asian Oil Trading
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