China’s smaller, independent oil refineries known as teapots may be granted more import licenses this year, a government research official said, Bloomberg reported on March 27.
The Russian government is planning a sharp cut in crude oil export duty with a simultaneous sharp growth of severance tax.
The Nigerian Navy said it has destroyed 260 illegal oil refineries and burned 100,000 tons of contraband fuel, but critics say this targeting of small-time criminals fails to confront the biggest culprits in oil thefts — the politically-connected criminal cartels who sel
In January of the current year, Russia increased oil production by 1.6 percent year-on-year to 44.903 million tonnes, the fuel and energy complex's Central Dispatch Service reports, Itar-Tass reported on February 19.
In 2013 the Belarusian state petrochemical concern Belneftekhim raised its merchandise trade surplus to $5.627 billion, BelTA reported on February 7.
Russian oil supplies to Belarus increased by 3.4% in January 2014 and reached 1.87 million tons, according to the Central Dispatching Department of the Fuel and Energy Complex, Itar-Tass reported on Febaruary 3.
The government conducts negotiations with Chinese companies about construction of two oil refineries in Ukraine, Ukrinform reported on January 15.
Total and other oil majors will shut down more refineries in Europe over the next few years due to the broad consensus for lower CO2 emissions and fuel consumption, the French company's chief executive said on Sunday, Reuters reports.
Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced on Sunday, Tehran Times reports.
The largest-ever expansion of Middle Eastern oil-refining is poised to curb the region’s imports of gasoline, reducing dependence on shipments from India and Singapore and sapping margins for European and Asian processors, Bloomberg reports.