Reduction of over 40% in no-load power consumption compared to similar-sized conventional refiners
Straits Financial is excited about the potential of the independent Chinese refining sector and we are looking forward to enabling other refiners
to access the international energy markets.
Seoul/Singapore: A 25 per cent slide in crude prices since June should mean a windfall for Asian refiners
, but instead they are facing a major drag on profits.
Separately, the Economic Coordination Committee has accepted the petroleum ministry's demand to extend the deadline for refiners
to start producing Euro 2-compliant diesel to December 31, 2015, from June 2014.
Most oil majors and European refiners
stopped trading with Libya during the revolution due to concerns about sanctions.
Essentially there are three critical factors that the refiner
controls, which apply to virtually all precious metal bearing materials.
For example, Refiner
A sold his product to a retailer who operated stations at the intersections of 2nd Street and 2nd Avenue and the northwest corner of 4th Street and 4th Avenue.
By consolidating their buying, Sinopec's plan further restricts the independent refiners
that have already been required to sell their refined fuel inside China after the government scrapped their export licenses.
TEHRAN (FNA)- South Korea's reliance on Middle Eastern crudes fell in 2015 because refiners
turned to Russian and Mexican cargoes that were plentiful, as an anticipated rise in purchases from Iran may halt the downslide this year, according to an analytic report.
Iran wants China's state-run Sinopec, Asia's largest refiner
, and state oil trader Zhuhai Zhenrong Corp, to pay more, and faster, in 2012 than in 2011, sources familiar with the talks told Reuters.
NEW DELHI: Indian Oil Corporation, the nation's biggest refiner
, posted a more than 18-fold increase in second- quarter profit, beating analysts' estimates, after the government compensated it for selling fuels below cost.
A second north Asian refiner
outside of Japan also said its supplies would be cut by about 7pc, deeper than the 5pc curb that Saudi had given to nearly all its Asian buyers for December after Opec's 1.