Page 2 - Oil Refinery

Nuberg Engineering to build Rs 650 cr SRU project at IOCL's Koyali refinery

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

IOC to invest Rs 740 crore to raise Digboi refinery capacity in Assam

In a stock exchange filing, IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes

Biden tells oil refiners to produce more gas, criticises profiteering

Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis, wrote Biden to oil refiners

Pvt refiners profit from cheap Russian crude, state refiners suffer: Report

While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year

How Reliance refinery is making millions as Ukraine war windfall

The facility is buying discounted cargoes of crude after self-sanctions on Russian fuels by some European Union companies pushed up margins.

Over 100 people killed in explosion at Nigerian illegal oil refinery

More than 100 people have been killed following an explosion at an illegal oil refinery in Nigeria's southern state of Imo, official and local sources said.

Indian Oil Corp buys 4 million bbls of crude via tenders: Report

Indian Oil Corp, the country's top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday.

Saudi Arabian oil refinery in Riyadh attacked by drone, sparking small fire

An oil refinery in Saudi Arabia's capital, Riyadh, was attacked by drone, causing a small fire that did not cause injuries or affect supplies, the energy ministry said Friday. The statement did not specify where the drone strike was launched from. There was no immediate claim of responsibility. The kingdom's oil facilities have been a target of Yemen's Houthi rebels in the past. The Iranian-backed Houthis claimed responsibility for a shocking attack in 2019 at the Abqaiq oil processing facility in Eastern Province, which temporarily knocked out half the kingdom's daily production. The ministry statement, published by the state-run Saudi Press Agency, was released shortly after midnight Friday and said the attack took place around 4:40 a.m. on Thursday. The ministry said such attacks not only target Saudi Arabia, but also the security and stability of energy supply to the world. Saudi Arabia has been involved in Yemen's civil war since 2015, fighting against the Houthis who overran

Explosion in Turkey shuts down key pipeline carrying oil from Iraq

An explosion has shut down a pipeline in southeastern Turkey that carries oil from Iraq to world markets, officials and news reports said.

Mathura Refinery gets environmental clearance for expansion project

Mathura Refinery has processing capacity of 8 mmtpa, at present

Sri Lanka shuts only oil refinery for 50 days amid severe dollar crisis

Sri Lanka on Monday temporarily shut down its only oil refinery for 50 days following the non availability of crude oil supplies due to the ongoing severe foreign exchange crisis in the country.

Fire erupts at Kuwait's major oil refinery; no casualties reported

A fire erupted on Monday at a major oil refinery in Kuwait, the state-owned oil company said, reporting no immediate casualties

IOC, CPCL start working on Rs 31,580-cr refinery project at Nagapattinam

While both the companies will hold 25 per cent each in the proposed 9 million tonne per annum (MTPA) refinery, the remaining 50 per cent will be held by a strategic or financial partner

India's Nayara Energy hopes to operate refinery at 100% in 2021

India's Nayara Energy hopes to operate its 400,000 barrels per day (bpd) refinery in western India at close to 100% capacity in 2021 as fuel demand is picking up, Chief Executive Alois Virag said

Explosion at Romania's biggest oil refinery kills 1, injures at least 4

An explosion at Romania's largest oil refinery outside the port city of Constanta on Friday killed one person and injured at least four, authorities said

Reliance Industry says Jamnagar unit shut since June 6, may hit exports

The refinery is part of the world's biggest refining complex in the city of Jamnagar in Gujarat

IOC to invest Rs 24,000 cr in Gujarat refinery expansion, petchem project

State-owned Indian Oil Corporation (IOC) on Monday said it has signed up an investment pact for adding petrochemical and lube plants to its previously announced plan to expand crude oil processing capacity at its Koyali refinery at Vadodara in Gujarat. Expanding refining capacity by 4.3 million tonnes per annum to 18 million tonnes and adding plants to produce 500,000 tonnes per annum of polypropylene and 2,35,000 tonnes of lube oil base stock at the site would see total investment of about Rs 24,000 crore. "Chief Minister of Gujarat Vijaybhai Rupani and Union Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan today presided over an MOU signing ceremony for 'Investment Promotion' between the Government of Gujarat and IndianOil for setting up a Petrochemical and Lube Integration (LuPech) Project and Acrylics / Oxo Alcohol Project along with other infrastructure projects at Gujarat Refinery," a company statement said. The LuPech project will produce import substitutes .

Hindustan Petroleum Corp to fully start revamped Mumbai refinery by July

Hindustan Petroleum Corp.'s Mumbai refinery will start full scale operation at a higher capacity of 190,000 barrels per day (bpd) by end-June or in July, its chairman M K Surana said on Thursday

Privatisation-bound BPCL acquires OQ's stake in Bina refinery

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has acquired partner OQ's entire stake in the Bina refinery project in Madhya Pradesh for Rs 2,400 crore.

At least 500 people evacuated from fire at Indonesian oil refinery

At least 500 people were being evacuated from a nearby village after a massive fire broke out at the Pertamina Balongan Refinery in Indonesia