Friday 17 April 2015

Refining Week, April 17th 2015

The most important news of the week, comes from Total. They plan to convert their Provence Refinery to a biofuel plant by the end of next year, and to upgrade their Donges Refinery.

It is interesting that despite high refinery margins, restructuring continues.

In Iraq, ISIS once again attacked the country's largest refinery.

SOCAR announced that part of its Eurobonds' proceeds, an amount of $500 million has been used for Star Refinery Project in Turkey. Like many such projects this one has been delayed a number of times

The strike has still not been resolved in the USA, with workers at Marathon's Texas City Refinery and at Lyondell Basell's Houston Refinery, rejecting offers from their employers

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