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Petroplus Provides Update On Strategic Review Of The Reichstett Refinery
Petroplus Holdings AG (SIX: PPHN) today announced an update on the strategic review of its Reichstett refinery in France that was launched in April to evaluate alternatives for the site. The company has considered several possibilities, including a potential sale, further investments to improve its competitiveness, as well as a shutdown of refining operations and conversion to a terminal.

date.png26 Oct 2010 13:07 | comments.png 0 Comments | tags.png closure france petroplus refinery reichstett [ More ]

Petroplus Comments On Operatıons Of The Reıchstett And Cressıer Refınerıes
Petroplus Holdings AG (SIX: PPHN) today announced that it has started a safe partial shut down of its Reichstett refinery due to strike actions taken by workers at the refinery. The remaining units are planned to be safely shut down at the beginning of next week. The restart of the refinery is dependent on the outcome of the strikes. Petroplus further announced that a meeting with the Works Council at the Reichstett facility to discuss the evolution of the site is scheduled on October 21, 2010. The Company will provide further updates after the meeting via press release.

date.png18 Oct 2010 21:22 | comments.png 0 Comments | tags.png france petroplus refinery [ More ]

Rosneft to Acquire 50% of Ruhr Oel GmbH
Rosneft today agreed with Petróleos de Venezuela S.A. (“PDVSA”) to acquire PDVSA’s 50% stake in Ruhr Oel GmbH. The agreement was signed in the Kremlin in the presence of Russian President Dmitry Medvedev and Venezuelan President Hugo Chavez.

date.png15 Oct 2010 13:45 | comments.png 0 Comments | tags.png germany pdvsa refinery rosneft ruhr-oel [ More ]

Petroplus Comments On Operations Of The Petit Couronne Refinery
Petroplus Holdings AG (SIX: PPHN) today announced that it has started to safely shut down the Petit Couronne refinery due to strike actions taken by workers at the
refinery, which prevents the refinery to operate according to the safety requirements.

date.png15 Oct 2010 06:02 | comments.png 0 Comments | tags.png france petroplus refinery [ More ]

NIS begins overhaul and reconstruction of the Pancevo Oil Refinery
Designed to ensure reliable operation of production facilities and increase the volume of production of petroleum products, Petroleum Industry of Serbia has today begun repairing and reconstruction of the oil refinery in Pancevo. Overhaul of the refinery plant worth 480 million dinars, and the reconstruction of the complex fluid catalytic cracking (FCC) 14 million.

date.png13 Oct 2010 06:28 | comments.png 0 Comments | tags.png gazprom-neft nis pancevo refinery serbia [ More ]

SOCAR selects technology and banks for construction of a refinery in Turkey
The State Oil Company of Azerbaijan (SOCAR) carries on preparing for the start of construction of a refinery in Turkey for the needs of Petkim Holding.

date.png13 Oct 2010 05:35 | comments.png 0 Comments | tags.png petkim refinery socar turkey [ More ]

Gulf Coast Fractionators Announces Expansion of Its
Gulf Coast Fractionators, a partnership between ConocoPhillips [NYSE:COP], Devon Energy Corporation [NYSE:DVN] and Targa Resources Partners LP [NYSE:NGLS] ("Targa Resources Partners" or the "Partnership"), today announced plans to expand the capacity of its natural gas liquids fractionation facility located in Mont Belvieu, Texas. The maximum gross fractionation capacity of the facility will be expanded by approximately 42 percent (43,000 barrels per day) to 145,000 barrels per day.

date.png12 Oct 2010 06:13 | comments.png 0 Comments | tags.png conoco devon ngl refinery targa usa [ More ]

Planned Completion of the First Phase Construction Works of TANECO Refinery and Petrochemical Plant Complex
regular production meeting with participation of Rustam Minnikhanov, President of the Republic of Tatarstan, for the construction of TANECO refinery and petrochemical plant complex was held in Nizhnekamsk on October 10, 2010.

date.png11 Oct 2010 11:00 | comments.png 0 Comments | tags.png refinery russia taneco tatneft [ More ]

Marathon Signs Definitive Agreements With ACON Investments and TPG Capital For Sale Of Minnesota Downstream Assets
Marathon Oil Corporation (NYSE: MRO) today announced that its wholly owned subsidiary Marathon Petroleum Company LP (MPC) has entered into definitive agreements with ACON Investments, LLC (ACON) and TPG Capital, L.P. (TPG) for the sale of most of Marathon's Minnesota downstream assets. ACON and TPG formed Northern Tier Energy LLC (Northern Tier Energy) to operate the assets as a stand-alone company.

date.png11 Oct 2010 10:57 | comments.png 0 Comments | tags.png downstream investing marathon refinery usa [ More ]

L&I issues record fine in deadly Tesoro explosion
After a six-month investigation, Department of Labor & Industries (L&I) has concluded that the deadly explosion at the Tesoro petroleum refinery in Anacortes could have been prevented.

date.png05 Oct 2010 05:58 | comments.png 0 Comments | tags.png explosion fine hse refinery tesoro usa [ More ]
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