Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world in three years' time with an expansion doubling its capacity, its owner said on Sunday. "We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote,...

Made up of three component units, the huge Al-Zour refinery is one of the biggest in the Middle East. It was officially inaugurated on Wednesday, months after its output reached full capacity of 615,000 bpd. "We have succeeded in reaching an unprecedented refining capacity of 1.83 million bpd both domestically and abroad,"...

Its earnings fell to US$6.5bn, down from $11.2bn last year.

ISLAMABAD, PAKISTAN - Five Pakistani state-owned companies are set to collaborate with Saudi Arabia’s Aramco to execute a $10 billion refinery project here. Aramco will inject the initial 30% equity into the project while Pakistan State Oil (PSO), Pak Arab Refinery (Parco), Oil and Gas Development Company Limited (OGDCL), Pakistan...

Sharjah, UAE--The Hamriyah Free Zone Authority (HFZA) has signed a deal with Infinite Mining and Energy to set up a multifunctional oil refinery with a daily production capacity of 10,000 barrels and an annual refining capability of up to 3.6 million barrels. In this connection, Saud Salim Al Mazrouei, director...

The complex is expected to be operational by 2026.

As part of the transaction, first announced in January 2022, the company acquired equity stakes of 30% in a 210,000 barrels-per-day refinery in Gdansk

Commodities, meanwhile, trade mostly higher as the market's focus remain altered between optimism over China reopening after exiting its strict Covid-zero policies as well as raised worries about tightening supply driven by increased activity from Chinese buyers. and an extended rate hike cycle in the US, he adds.

The hard-left CGT union, which launched the industrial action three weeks ago, said that workers at three TotalEnergies sites had decided to extend their strike.

An explosion rocked a key oil refinery in Iran's southwestern city of Abadan overnight, state media said Friday, reporting no casualties. The explosion was caused by the "bursting of one of the furnaces of the sulphur production unit of Abadan refinery", state news agency IRNA said. The blast "did not...

The PCK refinery in Germany has been processing crude oil from Russia since before reunification, but a looming ban on Russian oil has put its future in doubt.

It comes less than a month after Iran's Revolutionary Guards claimed an assault on Arbil that it said targeted an Israeli ‘strategic center’.

Top crude exporter Saudi Arabia announced a "temporary reduction" in oil output at a facility run by energy giant Aramco on Sunday, after Yemen's Houthi rebels launched multiple cross-border attacks.

Saudi energy ministry said the pre-dawn attack on the refinery in Riyadh caused a small fire that was brought under control. The ministry called the attack an act of "sabotage and terrorism".

The refinery, in China’s Panjin, should be operational by 2024.

Aramco Trading Company signed on Wednesday a non-binding agreement with Egypt’s Red Sea National Petrochemicals Company for a long-term crude oil supply for its planned refinery complex with a provision for offtake of refined and petrochemical products. Under the agreement, Aramco Trading will supply 100,000 barrels per day of Arabian...

A fire at a gas liquefaction unit in Kuwait's largest refinery Friday left 10 people injured before it was put out, the plant's operator said. The blaze "erupted during maintenance work" on the unit at Mina al-Ahmadi refinery, 40 kilometres (25 miles) south of Kuwait City, state-owned Kuwait National Petroleum...

Al-Khaleej to build a factory in Spain with an investment of $590m. It will produce 900,000 metric tons of sugar a year