The Bahamas Oil Refining Company (BORCO) will begin a one-year demolition of the refinery and repairing of oil tanks beginning in May to accommodate a massive expansion of the refinery, according to Gary DiElsi, operations project manager of First Reserve Corporation, the company’s new co-owner. Read More>>
Vopak and First Reserve Corporation Announce Completion of BORCO Oil Storage Terminal Acquisition
London, UK, and Rotterdam, the Netherlands, April 29, 2008
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Independent refiners in northern China have made rare purchases of 320,000 tonnes of fuel oil from Singapore, as they scramble to make up for their usual staple from Russia that has been mostly diverted to Japan. Read More>>
China's third strategic oil reserve base of Huangdao is ready for filling after construction of all crude tanks and related facilities were completed, but no oil has been pumped in yet, a Chinese source said on Friday. Read More>>
National oil company short on revenue, reserves.
By Jeremy Schwartz
MEXICO CITY BUREAU
Sunday, March 30, 2008
MEXICO CITY — These are grim days for Mexico's state-owned oil monopoly, Petróleos Mexicanos, better known as Pemex.
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- Kinder Morgan Energy Partners, L.P. (NYSE:KMP) today announced the completion of several expansion projects representing a total investment of more than $500 million in terminal facilities at the Houston Ship Channel, New York Harbor, Argo, Ill., Newport News, Va., Columbus, Miss., and Edmonton, Alberta. The expansions will increase the company's total liquids storage capacity in its terminals business segment
from 47.5 million to approximately 51.5 million barrels and will also boost bulk throughput. Read More>>
Published: Thursday, March 13, 2008. Growing needs for thinning agents that make bitumen flow in pipelines Wednesday spun off a $50-million addition to oilsands operations developing on Edmonton's eastern edge. Read More>>
SINGAPORE, March 12 (Reuters) - ConocoPhillips (COP.N: Quote, Profile, Research), the world's fifth-largest refiner, offered its first cargo of physical fuel oil in the Asian cash market on Wednesday, traders said. Read More>>
LOS ANGELES, Mar. 3 -- Russia's state-owned pipeline concern OAO Transneft will begin construction for the export terminal of the East Siberia Pacific Ocean oil pipeline this month, according to company officials.
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VIENNA (Dow Jones)--Iraq is planning to increase crude oil output to 3 million barrels a day by the end of 2008 from the current 2.5 million barrels a day by employing foreign companies' expertise and as security improves, according to Iraqi oil officials.
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