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Final Registration for PetrolWorld Forum

Saturday, 28 January 2012
 pw_forum_marklogo.jpgThe PetrolWorld APAC Business Forum taking place in Goa between 22nd & 24th February is entering its final week of registration.  Confirmed delegates will be traveling from 22 countries and 5 continents. Supplier delegate companies include a wide variety of equipment, technology and solution categories. This includes: alternative fuel equipment, additives, composite panels, automated refueling and payment systems, cash handling and security, fuel dispensers, fill point equipment, underground storage tanks, food franchise, commercial pumps, logistic solutions. fuel management systems and software, payment solutions, piping systems, pricing solutions and technology, retail automation, service station network information and competition, signage, transaction technology, training solutions, consultancy services, outsourcing, and network optimisation.
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Repsol and Pemex Moving to Closer Co-operation

Friday, 27 January 2012
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Mexico’s state-run oil firm, Pemex, has said that it is making progress on an industrial accord with Repsol YPF following a long boardroom battle. The proposed agreement will see Pemex maintaining its stake in Repsol at between 5% and 10%, while the two sides will also seek opportunities to collaborate on mutually beneficial projects. 

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Hungary: MOL Optimistic on Iran Oil Ban

Friday, 27 January 2012
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Hungarian oil firm MOL has said that a European Union ban on importing Iranian oil through Italian subsidiary IES will not significantly affect its business. 

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India: Essar Continues Importing Iranian Oil – Report

Friday, 27 January 2012
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Essar Energy has renewed an agreement to import crude oil from Iran for another five years, according to The Hindu. Speaking to the newspaper, which did not name its sources, a company spokesman declined to comment on the specifics of a deal. However, he added that “Essar Oil continues to be able to source the crude that it requires from Iran.”

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Japan: Itochu, Family Mart Enable Exchange of Shopping Coupons in Distress Area

Friday, 27 January 2012
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Itochu and Family Mart have teamed up to allow Japanese consumers in earthquake-affected areas to shop by exchanging their Reconstruction Assistance Housing Eco-points for new Eco-point Exchangeable Shopping Coupons. 

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Nigeria: Lawmakers Decry State of Kaduna Refinery

Friday, 27 January 2012
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Members of Nigeria’s Senate Committee on Petroleum Downstream have sharply criticised the condition of the country’s Kaduna refinery following a visit to the facility. Speaking to the media, Senator Magnus Abe (pictured) said that Kaduna was operating at below 30% of its capacity, with several plants not functioning.

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Virgin Islands: HOVENSA to Close Refinery

Friday, 27 January 2012
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HOVENSA has confirmed that it will shut down its refinery at St Croix in the US Virgin Islands. The facility will be changed to operate as an oil storage terminal.

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