Tag Archives | oil

INEOS proves itself a winner through China deal

The leaders of INEOS have once again proved themselves to be clever and innovative in seizing opportunities for growth and the reshaping of their company in both oil and chemicals.  The new deal with PetroChina and parent group China National Petroleuem Corporation (CNPC) gives the company access to the all-important Chinese market. It also reduces […]

Continue Reading
oil rexfeatures_1064666ar.JPG

China to Russia crude pipeline starts operating

To ease the chronic shortage of crude oil in China, trial operations began on 1 November at the recently completed 1,030km-long Sino-Russian crude pipeline, Chinese state-run media Xinhua News Agency said on Tuesday. Crude was injected into the pipeline from the Russian section on Monday afternoon and is scheduled to arrive in China today. China […]

Continue Reading

Cracker pipeline maps for CIS, Eastern and Western Europe

I’ve just discovered a fantastic set of resources free to download on the Association of Petrochemicals Producers in Europe website. I’ve pasted PDFs of the maps below. Click here for a link to these resources which show the locations of crackers, plus ethylene and oil pipeline networks across the region. I’ve printed the lot and pinned […]

Continue Reading

Boundary changes in oil-rich Sudan

An international ruling redefines the boundaries of the disputed oil-rich Abyei region claimed both by north and south Sudan:http://www.reuters.com/article/africaCrisis/idUS124832275358View Larger Map

Continue Reading

PKN Orlen moves a step closer to feedstock independence

Good news for Poland’s PKN Orlen this week. All oil producers in the country are reliant on Russian crude; a vestige of the Soviet era.Now the country’s oil group, Grupa Lotos, has signed a letter of intend with the State Oil Company of Azerbaijan (SOCAR) to co-operate on oil production.A pipeline which currently runs from […]

Continue Reading

Russians beat Americans in European oil deal

Russian oil and chemical group Lukoil has stymied the US’ largest oil processing group Valero’s attempt to increase its presence in Europe, according to the Tehran Times, quoting Reuters. Lukoil acquired a 45% stake in a Dutch refining venture Vlissingen refinery from France’s Total for $725 m. It can process about 190,000 barrels a day. […]

Continue Reading