Oil Refinery News
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State Oil Co. of Azerbaijan, the energy company known as Socar, is seeking $3 billion to help finance a planned refinery in western Turkey as it expands output of naphtha for chemicals production in the country.
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Spot gasoline in San Francisco advanced to the highest level against futures in more than seven months after Tesoro Corp.’s Golden Eagle refinery in Northern California reported a vapor release from a unit.
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The following is a selection of the most important news affecting the oil market.
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Aliko Dangote, Africa’s wealthiest man, says he has negotiated loans of $4.25 billion from banks to build a refinery to help the continent’s largest crude oil producer reduce gasoline imports.
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Within minutes of a blaze starting at West Fertilizer Co. on the evening of April 17, residents a third of a mile away on Main Street in West, Texas, gathered in their front yards to watch firefighters at the plant.
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Finance Ministry comments in pre- budget document without giving total amount for construction of refinery. * NOTE: Tullow Oil, China National Offshore Oil Corp. and France’s Total SA developing Uganda’s finds of 3.5b barrels of crude * NOTE: Govt, Total, CNOOC agreed on a 30,000bpd refinery
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Djibouti is in talks with India, China, Brazil, Russia and Arab investors to finance infrastructure projects worth $5.9 billion, the head of the country’s ports authority said.
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Following is the text of the weekly Petroleum Status Report from the U.S. Department of Energy:
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The owners of Z Energy Ltd., a gas station operator that supplies a third of New Zealand’s fuel, appointed bankers to advise on the possible sale of as much as 60 percent of the company to the public.
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Google Inc. shares will beat Apple Inc. because the company faces less competition and rising advertising revenue from businesses such as YouTube, BlackRock Inc.’s Tim Keefe said.
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