|
Friday, 03 February 2012 |
|
The
three key state-run fuel marketing companies (OMCs) are working
together to outsource the creation and maintenance of logistics
infrastructure that can reduce costs at a critical time.
|
|
Full Story...
|
|
|
Friday, 03 February 2012 |
Bharat Petroleum led India's refiners in ramping up crude processing in December, marking the eleventh month in which refining activity increased nationwide during 2011. 14.8m metric tons of crude was processed into fuel products during the month, according to the Oil Ministry, a 0.8% increase on the same period in 2010.
|
|
Full Story...
|
|
|
Thursday, 02 February 2012 |
LAUGFS Lubricants has held an awards ceremony to honour its distributors and dealers. The event, held at the LAHES auditorium in the World Trade Centre, celebrated a successful 2011 with awards for the company's top performers from the year.
|
|
Full Story...
|
|
|
Wednesday, 01 February 2012 |
A new association of operators in Kazakhstan’s fuel and lubricant market has been formed. The organisation, founded by 16 independent firms, registered with the country’s Justice Ministry as Kazakh Fuel Association 1.
|
|
Full Story...
|
|
|
Tuesday, 31 January 2012 |
Reliance Industries and Reliance Power, the companies owned by brothers Mukesh and Anil Ambani, have entered into initial discussions on developing their adjoining coal-bed methane (CBM) blocks in co-operation, according to Petroleum Bazaar.
|
|
Full Story...
|
|
|
Monday, 30 January 2012 |
Seaoil Philippines Chief Financial Officer, Mark Yu, has suggested that the company may acquire other oil firms as it seeks to expand its retail network. In an impromptu interview with reporters, Yu revealed that the company has increased its expansion targets for 2012, and now aims to open 100 more fuel service stations during the year.
|
|
Full Story...
|
|
|
Friday, 27 January 2012 |
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.”
|
|
Full Story...
|
|
|
Thursday, 26 January 2012 |
The privatisation of the State Oil Company of Azerbaijan (SOCAR) is not on the agenda, according to Director Rovnag Abdulalayev (pictured). "SOCAR's refusal from its non-core assets has no bearing on any privatisation. It is part of the transformation of the State Oil Company and bringing its activities into line with international requirements," he said, directly refuting reports that the Azerbaijan Government could seek to raise funds through a sale of a stake in the firm.
|
|
Full Story...
|
|
|
Wednesday, 25 January 2012 |
|
PetrolWorld would like to wish all its Chinese readers a happy Spring Festival and a prosperous 2012. We look forward to an interesting year in the downstream fuel industry, and will continue to deliver quality news from around the world to all our readers. Thank you for your ongoing support.
|
|
Full Story...
|
|
|
Tuesday, 24 January 2012 |
Bloomberg reports report that Iran has sought payment for oil in Yen as both nations strive to organise a payment mechanism for India’s state-run firms to import crude from Iran despite tightening economic sanctions. Citing “three people with knowledge of the matter”, who could not be named as negotiations are ongoing, the financial news site says that India proposed to pay for oil in rupees, but that the more convertible Yen was preferred by Tehran officials.
|
|
Full Story...
|
|
|
