Page 3 - Oil Refinery

Fighting in Sudan's civil war ignites flames at largest oil refinery

Fighting around Sudan 's largest oil refinery set the sprawling complex ablaze, satellite data analysed by The Associated Press on Saturday shows, sending thick, black smoke over the country's capital. Forces loyal to Sudan's military under army chief Gen Abdel-Fattah Burhan later claimed they captured the refinery, owned by Sudan's government and the state-run China National Petroleum Corp. The facility represents a long-sought prize for the military in its civil war with the rebel Rapid Support Force. International mediation attempts and pressure tactics, including a U.S. assessment that the RSF and its proxies are committing genocide, have not halted the fighting. The al-Jaili refinery sits some 60 kilometers (40 miles) north of Khartoum, the capital. The refinery has been subject to previous attacks as the RSF has claimed control of the facility since April 2023 and their forces had been guarding it. Local Sudanese media report the RSF also surrounded the refinery with fields of

Sudan's largest oil refinery set ablaze in civil war, satellite photos show

Fighting around Sudan's largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending thick, black polluted smoke over the country's capital. The attacks around the refinery, owned by Sudan's government and the state-run China National Petroleum Corp., represent the latest woe in a war between the rebel Rapid Support Force and Sudan's military, who blamed each other for the blaze. International mediation attempts and pressure tactics, including a U.S. assessment that the RSF and its proxies are committing genocide, have not halted the fighting. The al-Jaili refinery sits some 60 kilometers north of Khartoum, the capital. The refinery has been subject to previous attacks as the RSF has claimed control of the facility since April 2023, as their forces had been guarding it. Local Sudanese media report the RSF also surrounded the refinery with fields of landmines to slow any advance. But the facility, capable of handli

BPCL's new Andhra refinery to cost Rs 950 bn, India's most expensive ever

State-owned Bharat Petroleum Corporation Ltd's (BPCL) proposed 9 million tonnes a year oil refinery-cum-petrochemical complex in Andhra Pradesh is likely to cost around Rs 95,000 crore, its Director (Finance) Vetsa Ramakrishna Gupta said. This will be India's costliest refinery project so far. Hindustan Petroleum Corporation Ltd (HPCL) will this year commission a similar size unit at Barmer in Rajasthan at a cost of Rs 71,814 crore. In Modi government's first term, a mega 60 million tonnes oil refinery and petrochemical complex was proposed at Ratnagiri district of Maharashtra at a cost of Rs 3 lakh crore but the project hasn't seen the light of the day because of land acquisition issues. In an investor call with analysts post announcement of third quarter earnings, Gupta said the BPCL board last month approved an expenditure of Rs 6,100 crore on pre-project activities such as land acquisition and commissioning of detailed project report (DPR) and certain feedstock studies. "Roughly

Trump reverses Biden's oil drilling bans, opens US waters for exploration

The president is also expected to direct the Interior Department to swiftly develop a new plan for selling offshore drilling rights on Monday

India's fraying Gulf oil ties get a fillip on US' sanctions on Russia

State-run refiners plan to renew or enhance optional volumes under existing contracts, struck on a fiscal basis, despite higher sourcing costs

China offers $3.7 bn for SL's refinery as Dissanayake seeks more investment

China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery as the two countries signed a new plan to upgrade BRI cooperation during Sri Lankan President Anura Kumara Dissanayake's state visit here. On Thursday, Dissanayake met Chinese Premier Li Qiang and Chairman of the Standing Committee of the National People's Congress Zhao Leji and pitched for more Chinese investment in his address to Chinese firms. A day earlier, Dissanayake held talks with his Chinese counterpart Xi Jinping following which the two sides signed 15 agreements. According to a press release by the Sri Lankan President's media division, his visit marked a significant milestone by securing the largest foreign direct investment to date of USD 3.7 billion Chinese investment to build a state-of-the-art oil refinery at Hambantota. This significant achievement was formalised this morning with the signing of an

US oil refiners face a tough year as investor sentiment turns negative

US refining utilization averaged 90.3 per cent in the fourth quarter, up from 87.6 per cent in the same quarter last year, according to Tudor, Pickering, Holt & Co

Maharashtra loses out as Gujarat and Andhra secure Saudi-backed refineries

Gujarat and Andhra Pradesh are likely to get Saudi-backed refineries amid talks of $100 billion Saudi investments and bilateral energy collaboration with India

Blast in storage tank causes fire at IOCL Vadodara refinery; 1 dies

A fire broke out at the Indian Oil Corporation (IOCL) refinery in Vadodara on Monday following a blast in its storage tank, a police officer said. No casualties are reported and the final head count is being conducted, said Vadodara Police Commissioner Narasimha Komar, adding that things are under control. The blast at the IOCL refinery in the Koyali area on the outskirts of Vadodara occurred at 4 PM, triggering the blaze. Visuals showed thick plumes emerging from the refinery which can be seen from kilometres away. Several workers were evacuated and can be seen exiting the IOCL campus. "A benzene storage tank caught fire after a blast at the refinery. They (IOCL) have isolated the affected storage unit. Fire tenders are deployed to control the situation," Komar told PTI. The police officer said no casualty has been reported even as the final head count is being done to find if anybody is missing, which prima facie seems unlikely. Komar said fluid circulation in the IOCL complex

BP profit slumps to $2.3 bn on weak refining margins, oil trading results

The decline was smaller than expected amid a slowdown in global economic activity and oil demand, particularly in China

PetroChina set to shut top north China's largest domestic refinery in 2025

Dalian represents 3 per cent of China's refinery capacity and shutting the site should cut into the country's world-leading crude imports

ONGC Videsh's focus on stakes in oil, gas assets amid energy transition

ONGC Videsh, the overseas investment arm of the country's top exploration company Oil and Natural Gas Corp has stake in 32 oil and gas projects in 15 countries

BPCL and ONGC to jointly explore setting up a new refinery: Report

BPCL plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand

PSU refiner BPCL expects further cuts in oil OSPs as fuel margins drop

Indian refiners have also raised imports of Russian crude sold at discounts after Western nations imposed a raft of sanctions against Moscow for its invasion of Ukraine

India's state refiners in talks for long-term oil import deal with Russia

Nayara Energy and Reliance Industries have already signed term deals for Russian oil imports

Cash-rich commodities traders snapping up refineries from Big Oil

Oil majors are also under pressure from institutional investors to cut emissions

BPCL to shut 6 MTPA crude unit at Kochi refinery for one-month maintenance

BPCL also plans to expand the Bina refinery's capacity from the current 7.8 MTPA to 11 MTPA by mid-2027

BPCL to invest Rs 1,400 cr to set up sustainable aviation fuel facilities

The company operates three refineries located in Mumbai, Kochi, and Bina (Madhya Pradesh), with collectively refining capacity of 35.3 million metric tonnes per annum

Haldia Petrochemicals signs 10-yr pact with QatarEnergy for naphtha supply

'Deal reaffirms commitment to be part of India's economic growth trajectory,' says Qatar's energy minister

Bharat Petroleum seeks Rs 31,000 crore loan for Bina refinery expansion

SBI Capital Markets has been appointed to secure the loan required for Bina refinery expansion, which is estimated to cost nearly Rs 20,000 crore